I went for breakfast with a business associate who's more like a friend now. I don't do breakfast meetings very often but I was there to give moral support because the company he's working for is shutting down the Singapore office. That means he'll be out of a job soon. But being an entreprising young man, he's already planning on becoming his own boss.
I'm all for it. I always encourage people to start up their own business if they can. It costs very little to register one in Singapore. We're completely free from red tape and there are no hoops to jump through. In fact, you can register and start trading on the same day!
I always think that even if you don't have alot of money to invest, you can go for something less capital intensive. I started out with very little capital and told myself that if I couldn't succeed after one year, I would rent a food stall to sell cooked food.
Of course there are people who have no desire to run their own business but I like being a business owner, even if it is a teeny weeny one. I like the fact that I'm not accountable to anyone. When my friend was telling me how anxiety sets in every month end while reporting sales figures (especially dismal ones) to the headoffice, I secretly heaved a sigh of relief.
I'm glad I don't have to convince my boss that I've been doing my best and there's nothing I can do to upturn the downturn. As an employee, there are so many policies to adhere to. You cannot cross into a colleague's territory, you have to be watchful of your actions, you have to churn out a darn report without fail everytime your boss demands it.
Being the owner also means that if your business doesn't do well, you'll be the first to go without salary. Or when things go wrong, you're the one left holding the fort. There are chances that you may become rich but the risk of losing everything is there too. You're responsible for your own actions and have more control over your destiny.
Back to the breakfast meeting... We had a good chat at Mcdonalds for over an hour. This is perhaps not the best time to be laid off but you never know, he may end up doing very well on his own. I wish him all the best.