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Old 10-02-2012, 04:32 PM
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So whats your point other than haolianing how satki and successful you are?

You already admit very hard to get rich by running business is so I assume for the normal 99% of us it is better to go for MNC job?

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Originally Posted by workerbee View Post
Agree with you totally on the various factors which determine a good boss. I was making the point that if one wants to run own business, working in a SME which has some success and which has a good (read willing to share knowledge) boss helps in terms of learning what it takes and in terms of having the right bootstrap "do everything also can" mentality.

My point on profitability is so that one can work under bosses who obviously have created something of value and hence there is something positive to learn working in their company.


I have run my own multimillion dollar business for last few years after starting up in the late 90s. What i mean by freedom is that i do not need to seek permission to do anything. This does not mean that i ignore others or that i am nasty to employees and clients and vendors. On contrary, they are even more important to me since a lot is tied up with business. But i feel so free each day because what i am doing is exactly what i want to do. And i have the option to always hire people to do any activity that i do not want to do long term if my interests change. And now with mgmt in place, I can also work the hours i want so long as things are not too haywire. Not many MNC snr mgtm can do this.

On the flip side, you are right about the risk of ownership and concentration of net worth in the business. And that is why I advocate selling to a MNC or listing to partially get an exit. But that is another story.



I have to disagree here. I know many business owners ( and i am talking about those who earn more than 1M profit a year ), and if you talk with us, we are far more secure in our knowledge that we have created from nothing, something that actually generates value. In SG, employers are rather favored over employees in terms of govt support, tax structure etc. Capital owners win here and SME bosses are capital owners. Not sure why you find it laughable.... I do however agree that if a business has not reached 1M profit consistently, then yes.. the SME owner is probably rather insecure still and may feel chained.

As for business class flying, erm.. actually most SME bosses who make $1M profit fly business class. it makes more sense and we can usually charge company expense to our credit cards and so get loads of frequent flyer miles. Side topic.... I was just making a point that it is better to earn the actual networth that allows one to spend like this than to have it as a perk of the job but actually cannot afford the tickets. For example, many mgr in MNC fly business but for their own trips, fly economy. Nothing wrong, but to me one must got get too used to the perks or one will end up a slave to the MNC perks and job.




I never said everyone will make it. You are right - very few will. I was just making the point that in terms of career path, if you want to be an entrepreneur, then MNC exp is not a MUST and learning from good SME bosses is probably very important. I have heard of many successful SME bosses who learn from each other via EO or YPO etc but i have yet to hear of SME bosses who attribute their key mentor to be someone from GLC or MNC....

As for who works harder, I am sure SME bosses work as hard and it really varies. But i am pretty sure generally SME bosses enjoy the processes far more. I just need to compare my peers who are in snr mgmt in govt/GLCs or local snr mgmt in MNCs with other peers who are running successful businesses.... i think the freedom , sense of ownership and passion is quite a world apart.

Anyway, for readers here, i am not saying being a SME boss is easier and/or a better career path. It is definitely tough and require specific skills and personality type.
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