The TRUTH About Entrepreneurship. Do I Regret Quitting?

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Last year I quit my job as an Investment Banker, do I regret it? Entrepreneurship vs Employment
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TIMESTAMPS:
00:00 Do I regret quitting?
00:25 Trading the 9-5 to 24/7
01:55 No one tells you what to do?
02:56 Competition
04:08 Money
05:43 Value and Ownership
07:05 Full Control
07:42 Community
🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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[@nischa]

Love reading your comments & experiences below - thank you for sharing!

[@defi8321]

I learned how to monetize my passion and now get paid for consulting and so far in 2024 I have been paid more than my previous yearly salary. We are only in February lol I can sponsor your channel or teach you my passion if interested

[@shafaqatali5035]

One entrepreneur talking openly about to another .. is risky as ahe can be your future competitor..

[@defi8321]

@@shafaqatali5035 not in my industry. We have an abundance mindset. There is enough for us all to eat good together

[@movensachikonye5219]

​@@defi8321So true. You will be forced to think creatively.

[@seemagrover4228]

Who is reviewing????

[@keithreynolds6359]

I think this is great video. Very open & honest. I had my own company for 10 years then stopped and worked for someone else. That lasted 2 years. The fact that i had to ask permission to go to the dentist just killed me. I quit and started a new company. Right now i have two businesses. The more sources of income you have the better. My wife has 3 businesses. We're not rolling in money but we answer to no one and are debt free. There is no reward without risk and it takes years to build a company to where it healthy & running. Start with a side hustle.

[@phiafrank9767]

Well said, thanks needed that

[@AJ-kb9hf]

You're absolutely right - it takes years to build a solid, healthy, running business - and I have found having a flexible mindset, the ability to pivot (plus a lot of other components is critical to success). I could never go back to asking someone for time off!!!

[@kofiofosu9051]

I love to work a lot. Owning my own business makes that a necessity, not a problem. First people laughed at me. Years later, they asked me for advice.

[@TheLegendOfNiko]

Owning a business is great until a client (that has signed a contract) decides not to pay and you have to go to the courts.

[@glostergloster6945]

Or they pay late. My Dad (who is still working aged 80) is self employed, and has some large companies as clients. They often pay 3 months late and there is nothing he can do about it. We need stricter laws on payment in UK. In other countries, invoices have to be paid within X days by law.

[@martywilliard]

People suck. Business is (can be) cold

[@therighteousrighthand]

Depending on the length of the project...break it down into deliverables and get clients to pay upon completion of deliverables.

[@therealist2000]

@@therighteousrighthandIn which they can STILL pay late, don’t you get it?

[@edwardnygma5549]

Upfront fees are better

[@AA-nj2ni]

Would love a day in the life vlog.

[@nischa]

Scratching my head as to how this has 27 likes 😅

[@Science_explained]

​@@nischa I would love to see that too, Nisha😊

[@opietwoep1247]

I am living a comfortable life working for someone else. I tried to freelance and I’m not cut out to do the paperwork and marketing myself. My main work is a database programmer and my side hustle is sports photography. At 2pm I’m done. I am fortunate enough to work from home 100 percent and my coding skills are exactly what my company needs. Thanks again for sharing your experience on this.

[@mykasammy1776]

Can we connect, I'm finishing my university degree and needed experience

[@OzgurNevres]

Weekends and evenings are no longer a thing -> this really hurts. Working long hours without adequate rest, blurring the lines between personal and professional life, and ultimately leading to burnout. I can also add two more negatives: 1. Unexpected visits from friends: Friends and acquaintances might assume that since you're not adhering to a standard 9-5 work schedule, you're available at all times. 2. Clients expect you can deliver the same scope of work as larger companies but at a waay lower cost and with waay quicker turnaround times.

[@thedappercook]

Got fired in 2014 and being working for myself ever since, BEST FU??KING THING I EVER EVER DID. Its tough and hard but damn is it worth it, if you have ever thought of doing it, just do it, you WONT regret it. LOVE your work Nischa

[@novaia2643]

So what are your tips ? Thank you !

[@snehasrivas1656]

I’m glad that you are here on yt. In case you feel that you regret quitting your job at any moment just remember that you are adding value to our lives by financial education. I’ve learned so much about personal finance through you. We appreciate your efforts. Thank you so much.

[@nischa]

This means a lot, thank you so much

[@TheSunshinefee]

you get a free education but it is at her expense. she doesn't get paid for it.

[@jollyjames30]

@@TheSunshinefee What do you mean she doesn't get paid for it? She's earning from KZbin views.

[@arhitecturalia1982]

Hi Nischa. Not doing the comments often but after finding your channel I had to. This is one of the most useful ones out there on this subjects. I watched a lot of them for a long time and only now I know that something was missing. You make it so effortless and simple to digest, short videos packed with so much good content and information. Being gorgeous and always having a smile on your face sure helps but it's not even close to being smart, present, warm, logical and organised, unostentatious and always going for the classical black shirt dress code. Your recipe for delivering your "product" is just perfect. Never change the format, keep the smile on no matter what, follow your plans and dreams and teach others how to do it too ! Million subs in a sec :)

[@nischa]

This is so kind!! Thank you

[@seantormey3531]

Thank you for the video. I am glad to hear that things are going well for you after a lot of hard work on your part.

[@FraserClydesdale]

Very much appreciate your honesty and transparency in these videos! Thank you

[@hussamg]

Love the balanced view but also the deep perspective from both worlds!

[@aaaligned]

Thank you for this insightful video. As someone who’s trying to build my own entrepreneurship journey and working rn, this is super valuable and you deserve 1m subs ASAP!

[@ProHorizon]

Always great informative content, thank you, I whole heartedly agree with this. I went from a senior role in corporate to a full time creator 👍🏻

[@Cyrus0w]

Inspiring! Your channel as grown so much and so quickly too!

[@MeganLashelle]

My friend has a co-worker who told her that she doesn’t like to tell new hires she trains the “quick steps” to get a job done or frankly everything it takes to do their job. She claims it was for her job security. When I heard this I was disgusted. Mostly I was disgusted because these companies pit employees against each giving us the false thinking that hard work is rewarded. And the fact this woman thought she could secure her job by essentially sabotaging others is sad. Because if that company wanted to fire her, they would, no amount of job knowledge she had over others would have saved her.

[@RelaxationStationbyJthecr3ator]

Thank you for sharing, and with personal comparisons. Good Luck in the Future!

[@texasjack]

Very classy presentation as always. I would add one item to it, and that is the idea of building equity. When working for someone else you are building equity - for someone else. When working for yourself you are (or should be) building equity for yourself. I too did very well in the corporate world but left for entrepreneurship myself. And clearly in the early going it is about income, but over time it will morph into being about equity. That will be the ultimate home run and vindication of your decision. All the Best!

[@inthemoodforambience]

What do u mean by building equity for someone/ourselves? By equity, are u saying the end goal is to get our business bought by some investor?

[@texasjack]

@@inthemoodforambience yes that could be a likely outcome. Typically, the equity build will exponentially exceed any amount you pay yourself, as equity is valued at a multiple of earnings. It will also open doors for cash out refinancing, and other forms of leverage that could also exponentially exceed anything you pay yourself. Once you get to a level of ownership and building equity, it is life-changing. Been there - done that.

[@SoloHunna]

Brilliant! I love your channel and I am on a similar journey from the very start. I don’t have any regrets at all & I’m glad you feel the same. Keep up the good work!

[@franklinudodilinkwopara7606]

Thank you for sharing this perspective. As someone who's caught in-between, this was quite insightful and helpful.

[@fredericngangue8738]

I can relate with everything in this content. The pros & cons, I truly appreciate your content Keep going

[@pamkroger4419]

This is great information that you don’t often hear from those touting the joys of entrepreneurship - thanks for the transparency!

[@jeffandsherriefranzwa8970]

To Nischa's first point: I've told my kids that they might find a job that they hate everything about, but they probably won't find a job that they love everything about.

[@sophiichka]

always happy to see a new video from you. thanks for your work

[@gagaH78226]

Another brilliant algorithm suggestion, what a fantastic, honest overview. Thank you and wishing you an inspiring week ☕

[@porkchop9024]

As always, you’ve delivered once again! Thank you for being open and honest about what it’s like to work for yourself. Everyone always talks about the benefits but no one really talks about the downsides and risk that comes with it.

[@tinarich6737]

Worked for myself from young age. Self managed. So freeing being yourself, making decisions what feels right. ❤

[@anaskender]

I love your content Nischa! I also got your course! I must say that I love coming back and rewatching some of your videos in my down days! You give me the motivation to keep grinding! I have been following you since your early days and your journey is impressive! Thank you for all the knowledge you share and for motivating and inspiring us! 💗

[@Carol.s.sampaio]

I must say i love the way you structure the narrative in all your videos! And, I must say I relate so much with everything you've said :') I worked for other people for some time (not nine years), and totally agree that having the power to control my schedule, who I work with, how long I work.... is priceless And I might have something to share upfront in the road: everything tha is currently a challenge becomes soooo much easier! It's almost pleasant after a few years developing your own business. Again, thank you for the content, congrats for the great assertiveness and storytelling. I really admire your work :))

[@49ersalltheway]

Very honest and truthful opinion about the pros and cons of both sides. Another great video, thank you

[@meenboli]

Very honest - I run a business with 25 employees - I love it (mostly!) - but it is also all consuming. The work-life balance is definitely tipped towards the work - but it makes me fill my life up as much as possible. I keep myself very busy and don't sit around much at all - and perhaps sometimes I should sit and chill - but if I try that I feel like I'm wasting time. I'm sure there are lots of people who feel this way... Love your videos - don't know how you find the time for them - but keep it up! 🙏😊

[@priyankashah7105]

Hey Nischa :) Love all your content, and appreciate your honest views on working in a big company vs mostly alone as an entrepreneur. Are there any communities you are part of or know of, or would you consider creating a community for those pursuing various forms of online businesses - 1. to connect with and be inspired by other likeminded people and 2. to maintain some level of healthy social contact with other entrepreneurs, seeing as this is so important. It would be so great to connect with others in London

[@shirbernstein8336]

Hi Nischa,I have been watching your videos since about the time you started. And I feel like I've been on a journey with you even though we don't know each other😊. You helped me change my mind financially. And thanks to you, you closed loans. Do not give up. And keep doing what you're doing❤🎉

[@stevenm7408]

Excellent video! I agree with you on the positives. Never have I felt more fulfilled and happy in my work than when I ran my own business. Hearing your perspectives really reminds me of just how wonderful it was. Wish I would've cherished it more at the time.

[@rahim1404]

Thank you Nischa for a honest view of entrepreneurship. I'm in the process of giving up my day job for my own business. But after watching your video, I'm currently sceptical of working on my own.

[@EnVideoZone]

Listening to you is so much fun. How can this much fun be so meaningful?

[@ld5714]

This is a timely and very relevant topic. I can relate to what you say about never going back or giving up things you have experienced after going out on your own. You are a very intelligent and wise woman for your young years. I enjoy your channel very much and have a great deal of respect for what you have accomplished Nischa. You are beautiful, intelligent and I absolutely love listening to you. Larry, Central Valley, Ca. USA

[@mariaborden7]

Thank you for your point on this. I am a first business owner. I was working in one field for 14 years and then quit. I started my online business back in March.23 I love the freedom that you mentioned, but I have set boundaries, not to work on weekends. I love what you said about missing some things and not others from corporate work - I get it. I also love working with my jumpers and cozy wear. Lol, I have learned that the first year of starting out on your own is not as easy as they make it out to be. It is also very expensive especially when you are a tight financial budget. Again thank you for sharing. Do you have more videos like this one?

[@clintonmiddleton]

Having been in a similar space (14 years ad agency) and now 2 years working for myself, I relate to much of what you're saying. No one tells you the truth about entrepreneurship (or perhaps you don't ask the right questions). Either way, this video is valuable, and I think you shed light on an important topic. Thanks for the transparency and vulnerability.

[@Lonzo_noriega94]

I was typing my business plan for my start-up, and a notification for this video appeared on my phone. I appreciate your advice and your content. ❤

[@IAmebAdger]

nice honest comparison, hope this hobby turned job stays enjoyable and fulfilling for a long time

[@shilpasapra816]

SPOT ON!! Thank You.

[@TheDividendExperiment]

Very interesting insight on the life of a content creator entrepreneur, its good to see someone not just raving about how bad the 9-5 is!

[@MoorishBrooklyn]

Heck of a leap of faith, believe in self and bravery. Not everyone will be an entrepreneur or business owner. Some people thrive and only wish to be an employee. Either way, everyone should know what they are willing to do and be comfortable with. Also strive to be the best in that position. The good news is there available resources, information and tools for those of use who choose to do for themselves.

[@ruthieb8797]

Love this! Thanks for sharing Nischa!

[@justanotherguygeorge3430]

Thanks Nischa for sharing your wisdom and experiences.

[@Speny]

Thank you for sharing, very insightful!

[@AJ-kb9hf]

Fantastic video, thank you! I am a business owner - have been for over 10 years and was previously an employee. I love being my own boss and the freedom it brings. However, I almost reached the point of burnout before realising the need to pace it - which is what I am doing now. I thought by working all hours meant I was more successful, more hardworking, more focused on achieving my goals but the reality is you need to have a balance, and manage your own expectations as well as clients' expectations. I absolutely love being an entrepreneur and could never work for anyone again. Your videos are immensely helpful, authentic and valuable.

[@clausb5826]

So true. Spot on another great video and topic. Thank you! Been an entrepreneur for over 25 years and I would add that you need to ensure your company can run when you are not there. That is what gives you the freedom and safety net you will need if you get sick or burnout, to not ruin your finances or worse. I speak from experience as I got PTSD and now have to rebuild my company with this "restriction" on my abilities. Might actually make some videos about that now that I think about it ... :)

[@tomkowalewski15]

Excellent summary with insightful pros and cons. A balanced view indeed! Thanks!

[@lahdukitas]

Love your videos but this one hit home hard. Well done and God bless your journey!

[@Trang-Rex]

Thank you for sharing this. Your videos are one my faves!

[@renosance8941]

I love how it's pros and cons of your own personal perspective as opposed to trying to convince

[@tinam.9810]

Thank you for such an honesty

[@KatShakti]

I am learning a lot from your videos Nicha, and I love watching your explosive growth on KZbin, you're an inspiration in more ways than you maybe know :) Respect :)

[@Vincentmiaw99]

I love your videos not just a finance channel but as an entrepreneur that went from a job to your own self made. Really happy to see people like this ,dreams do come true

[@TheMcallist1]

As always - brilliant video. Thanks for the content

[@LarLarLar36]

Thanks for the insight, great content!

[@vostrategist]

As a voice actor who went full-time in 2005, I can tell you that Nischa is spot on! There are many cons to being self-employed but I could never go back to working for someone else. Great video!

[@bankmelater]

Your content is 🔥! Great delivery and I enjoyed watching this video 👏

[@theproductivemanager]

Thank you so much for sharing! I'm at a very early stage of my entrepreneurial journey.. so hearing about your experience is very inspiring 💖

[@ahmadmumtaz4947]

Good you pick this topic - very relevant - majority of us face and this keeps up pops up -it’s really alluring/tempting - once you think of saying good bye to 9 am to 5 pm job -or already done so-don’t trade/work for money - lets ur money works for you around the clock - the boss of urself - the owner decider of ur life/ time - no toxic/ nasty bossism any more -working/ doing the same/ monotonous work all the time - stay with ur passion- the real goal is freedom- financial and emotional freedom-the current job- is kinda corporate slavery - burn you down sold ur time life and soul -guess you are lucky- keep sharing guiding teaching others to do the same with ease and clarity - appreciated - gratitude for the same -!!

[@leakena889]

Great insights! Really needed to know this. Not everyone is build to work for themselves so it is to good know the pros and cons or even just what others have experienced doing both.

[@derrikoates2318]

Definitely share your sentiments regarding working for a company vs for yourself . I could listen to you read a phonebook, the voice works for me.

[@MrSree277]

Timely video, thanks Nischa I quit my IT career last month and started my own Interior Designing business. And I love your videos and your accent.

[@RavKan]

Love what you do and Do what you Love. As cliche as it may sound, it will bring you such fulfilment that nothing else can match

[@MelodieH12]

I 100% agree with you. I quit my corporate job 2 years ago. I love the freedom I have now to structure my day the way I want. I get to choose.

[@jasonlim2884]

Dear Nischa. Great video...100% confirmed as a self employed person...WE do everything! period.

[@user-pb5uj5jp6s]

Hi Nischa, I love this video. It was a brutally honest assessment and was helpful for me also.

[@pecelirovucago7149]

Thank you Nischa !

[@kanz7542]

I've just left my well-paid job after 11 years to pursue my dreams of being an entrepreneur. The weight that lifted from my shoulder after handing in my resignation was indescribable. No intention of looking back! Onwards and upwards🎉🥳

[@ObehiPodcast]

This is a great video, @Nischa. Thanks for sharing. Becoming a successful entrepreneur requires a combination of vision, resilience, and strategic decision-making.

[@IngridCupido-vh3qp]

Thanks again Nischa for your transparency. Just to add to the 'no one tells you what to do'. So true and no one tells you the amount of time that you'll really spend trying to figure things out even with all the courses that you take to help you in your journey. Most just talk about all the time that you'll have for yourself when you set your own working hours but nobody tells you that you'll have to invest a lot more time upfront to figure things out and set things in place, forget setting things in order 🤯 and most days seem like a race against time to learn everything you need to learn, to serve your client, to build your business, to take care of yourself, to take care of your other responsibilities...

[@abenezertadele8133]

Thank you for presenting well your experience

[@trackntrailcycleadventures]

Thanks for this Nischa. I have been self employed for 25 years and have three small businesses that I love. There's two other things you could add. 1. If you set up your businesses well, they can be sold. In fact, if possible you should reverse engineer your businesses for this very purpose. The long game is to sell it. Let's say you build up a business over 15 years and sell it for $600K, that's like earning an additional $40k per annum over the whole period of your ownership 2. You mention not having to work with random people you don't necessarily like or have anything in common with, well, as an entrepreneur if you have a client giving you grief you can just walk away. There is a lot of focus on your services as a business person with reviews and testimonies etc, but you too are assessing your clients. Get rid of the overly critical, time wasting clients asap. They are never going to be satisfied with you or anyone and chances are they are poor payers too. Finally, there is one more thing I would add: it's not what you know that trips you up in business - it's what you don't know. Make as much effort to find out about everything eg. compliance, your obligations as an employer or director. You don't want a left field event to derail the efforts you are making to build a solid business.

[@rosebibis631]

Hi ,v.good comments,I've screenshot, can U please tell me what are the 3 businesses you created, this is for my personal self as I ,as a housewife,need inspiration

[@Road2Serfdom]

I think it's great that she's doing well and all but I think this KZbin boom market is confusing a lot of people on what it really means to have your own business. If you're just talking to a camera, not hiring anyone, not cutting checks, not having to optimize and systematize, not having to automate SOPs, and the main product is you, then it's not really a business. More so a great hustle / job. I don't think something can truly be considered a business until it can generate you income without the owner having to be involved. A KZbinr is still a really cool job, but not a business imo. If the KZbinr stops generating content then the income eventually starts to dry up, while a real business can generate eventually without the owner being involved and can be sold to someone else. Easier said than done but a good business can continue to grow and prosper without the founder. A KZbin channel (at least one where the content is from the owner) can't.

[@alexjeanbeauty]

Well said! This video is excellent! You hit the most critical points of entrepreneurship right on the head! Thank you for the video. ❤

[@nicktrieu8129]

Learning so much from you. I'm in the process of registering a company for my freelance photography business. Will be revisiting tor past videos for guidance and advice.

[@ManicMarxman]

Very balanced and authentic view on both ends of the scale🤝🏾

[@brittaniavanessa]

Thank you for sharing!!!

[@careersuccessnow_]

Appreciate the honesty! There truly is always things that you won't "love" in euntreprenurship as well - its now always "highs" 😊

[@AnnyaOT]

Thank you so much for having the courage to do this video. The first point you mentioned is the exact reason why I'm still in a 9 to 5: I love too much my passions to give them the burden of financially sustain me. But it's just a fact that trading my time for money, as I currently do, leaves too little time to enjoy what I really love to do. So the dilema is still here.

[@Independent-jd1cg]

I fully agree on all you are saying in this video. After quitting consulting, I switched and now I am Personal Trainer. I do believe and feel that I made the right choice. However, if I could speak to myself 10 years ago, I would say "it's going to be very painful". Generally speaking, change means literally big changes in every aspect of your life (friends, spouse, money, confort etc...). In the nutshell, with freedom comes with (heavy) responsibility. It's part of the deal, everything has a price.

[@andycowan333]

Another great and insightful video, thanks Nischa

[@ammarhassan_]

I did freelance for a bit and loved the freedom, I was not good in marketing myself so eventually had to have a job back, tbh I do not like 9-5 and if I had a chance to know how to market my skills and get clients I will quit asap. Another great video, love sunday coz of ur wisdom

[@rajjai]

Very inspiring yet realistic. Thank you

[@jr4645]

Thank you for being open and honest about what it’s like to being your own boss... now we know about the downsides and risk that comes with it. Thanks again for sharing your experience.

[@killickoffroadarts]

Simply a brilliant video and channel. Very helpful.

[@deansusec8745]

Youi had me at the first few minutes when you said 24/7. It seems everyone shames you these days if you don't open your own business. When I told my daughter she calmly said- 'we don't need anything more, money wise, dad, and you are always saying how you don't have enough time. You don't need to have even less time in your life' She was so right. She's 13.

[@aqhasan]

Really inspiring thanks for the sharing.

[@secondchancestudio2303]

Very cool. Just found your Channel. Very encouraged right now.

[@robswan5765]

"You need to 'live' through it" - Excellent statement. If you've never owned and run a business you probably won't understand any advice you're given about running your own business - you have no 'reference points' for understanding what you're told. Like... 'hard work' as self employed has no upper limit if things need to be done, but if you've never been in that situation you have no capcity to appreciate what it really means. That's why 95+% of startups fail - people realise too late or give up bcause employment is so much easier. Excellent advice Nischa :)

[@zacharybax]

A great video per usual!

[@contentfaithrecords]

I agree. Doing your own thing can be very tedious but more rewarding that spending your time working for something that's not fulfilling.

[@ZakharHabib]

I have existential crisis now and then for quitting my permanent job and going for entrepreneurship. Even though I am doing way better than my job, still the thoughts dread me but every time I watch your videos @nischa I get motivated and back up on my feet all over again. Thanks for it. Really admire your content. Keep on shining. God bless you!

[@fbl9795]

Thank you Nischa.. true all of you've said. I'd add that its also more attractive to work for yourself when you are older.. you can work at your own pace, with whom and in what you like without trekking on cramped trains etc. you fell free even if you don't have much pension income for instance.

[@yourbusinessvalue]

Love this. Being an entrepreneur is one of the best decisions I ever made. It can be scary but I’m a lousy employee and I could never give up the control. Plus I was able to move from the USA to Portugal because I went the self employment route. It’s a myth that having a conventional job is lower risk. It’s one of the riskiest things you can do to have all or most of your income come from one source. (I used to be in investment banking too!)

[@glostergloster6945]

Yep and employees have very little protection from abusive employers. Ok the law is technically there but if they lay you off unfairly, you basically have to take legal action against an entity with much bigger legal pockets than you.

[@esterestere363]

bossy facts. I love your content

[@mariamansour8445]

Thank you for speaking so frankly. Everyone thinks that being an entrepreneur means that your money is sent down from heaven