Mick Lynch RMT Gen Sec

[Baloo]

This woman was working for a firm cleaning the vans, chatted to the people in the office and said can I clean the vans for you, they said yes if you like £x per van, she said great i'll do 20 or whatever, she didn't need any cash start up, just iniiative.

This is a bit of an oversimplification. For some people at the low end of the pay scale having a regular, secure income is essential. They may have initiative but they also have to balance risks as they have financial commitments and responsibilities but may not have savings. Working for yourself can pose challenges with intermittent gaps in work and also suppliers paying late. It's not really as straightforward as just telling people to use their initiative and go it alone.

[HiVis]

This is a bit of an oversimplification. For some people at the low end of the pay scale having a regular, secure income is essential. They may have initiative but they also have to balance risks as they have financial commitments and responsibilities but may not have savings. Working for yourself can pose challenges with intermittent gaps in work and also suppliers paying late. It's not really as straightforward as just telling people to use their initiative and go it alone.

its no wonder 60% of businesses fail in the first 3 years

[North Cardiff Blue]

This is a bit of an oversimplification. For some people at the low end of the pay scale having a regular, secure income is essential. They may have initiative but they also have to balance risks as they have financial commitments and responsibilities but may not have savings. Working for yourself can pose challenges with intermittent gaps in work and also suppliers paying late. It's not really as straightforward as just telling people to use their initiative and go it alone.

True good point its definately not for everyone, I think most people need to take risks though, most of the very wealthy have taken the greatest risks, if you are risk averse, it can keep you down.

[Pedro de la Rosa]

True good point its definately not for everyone, I think most people need to take risks though, most of the very wealthy have taken the greatest risks, if you are risk averse, it can keep you down.

But you can't take risks if you have no money. If you don't have guaranteed income, you can't pay for food or rent/mortgage and very quickly, you are homeless and then you can't get a job.

[North Cardiff Blue]

But you can't take risks if you have no money. If you don't have guaranteed income, you can't pay for food or rent/mortgage and very quickly, you are homeless and then you can't get a job.

Partly agree, ideally you try and do it before you get in that position, but once you there you may have take some risks and change jobs to one with better prospects, the alternative is stay as you are, I appreciate it's not easy.

[Rjk]

True good point its definately not for everyone, I think most people need to take risks though, most of the very wealthy have taken the greatest risks, if you are risk averse, it can keep you down.

Survivorship bias.

Many of the wealthy take big risks and won, what you don't see is the people who took the risks and lost.

[North Cardiff Blue]

Survivorship bias.

Many of the wealthy take big risks and won, what you don't see is the people who took the risks and lost.

Yep it's not a guarantee!

Following this post if theres one tip I would give is for anyone who's kids are about to take their GCSE choices and A levels, sit them down go on google and see what jobs pay what, if they can select the right subjects and focus at that age it will give them a far greater chance.

The same with university, for example if an optician pays well, you can plot the path from an early age to make sure they do a degree that will almost guarantee a job rather than a generic one. There is nothing worse that studying for 16 years and realising your degree won't get you any better job than leaving school at sixteen.

If your kids aren't academic look for a trade or apprentiship, don't just let them do whatever they want with no guidence, it's probably the last time they will listen to you if your lucky, and they already don't listen to you lol

[Baloo]

True good point its definately not for everyone, I think most people need to take risks though, most of the very wealthy have taken the greatest risks, if you are risk averse, it can keep you down.

Yes, but the very wealthy may be risking money they can afford to lose. People on the breadline may be risking their home, ability to pay bills, feed their kids etc. There's more to it than just saying take risks if you want to improve your lot.