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Redacting the email, phone number, and right-hand student's first name might have been cool.
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May 22, 2017 16:02
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Still catching up with the thread but it appears no one has brought up the HENRY meme or any recent examples. When that day comes may I suggest this new(?) emoticon.
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May 22, 2017 16:44
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ohgodwhat posted:I know a theoretical physicist who clears over half a million a year in royalties from his textbooks. Clearly everyone should publish physics 101 textbooks. Very GWM. Writing a textbook that catches on and becomes the industry standard is unsurprisingly lucrative as gently caress. Dude who wrote a major calculus textbook built a 23 million dollar home in Rosedale with the dough. https://www.thestar.com/news/gta/2011/02/04/the_house_that_math_built.html
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May 22, 2017 16:49
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Austin S posted:Still catching up with the thread but it appears no one has brought up the HENRY meme or any recent examples. When that day comes may I suggest this new(?) emoticon.
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May 22, 2017 17:13
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ate all the Oreos posted:Sounds like your company is scumming titles to sound important more than anything. At my last job I was a ~systems analyst~ because we needed to sound cool and great to a client. Then I pointed out that generally systems analysts make 4-5 times what I was making and magically I wasn't one anymore Nah it's just a ten-person company and someone had to do it.
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May 22, 2017 17:17
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Krispy Kareem posted:He can like still go back to school and take that final semester after his untreated mental illness gets treated, right? http://www.theonion.com/article/man-leaves-position-he-would-kill-3-years-now-purs-55359 That guy, IRL.
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May 22, 2017 17:32
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I dunno... being upper middle class kind of owns, aspiring to that is at least realistic. Go in the tech field...developer, IT, engineering, whatever, doesn't matter. It will set you for life and you can coast off of that.
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May 22, 2017 18:02
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Krispy Kareem posted:I've known so many people who can't stand being anything but their own boss and they are almost all failures.
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May 22, 2017 18:11
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I'm looking forward to that kid's Kickstarter.
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May 22, 2017 18:37
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John Smith posted:Real leaders can accept being led. God I love your posts 
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May 22, 2017 18:37
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monster on a stick posted:I'm looking forward to that kid's Kickstarter. Obviously it'll be an Indiegogo or Gofundme They let you keep the money even if you fail 
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May 22, 2017 18:55
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I had to make an adjustment.LLCoolJD posted:I am on the cusp of taking Silicon Valley by storm. Make it harder to read. Just make it insufferable. Learn this one trick to make eyes roll everywhere. Professors hate it!
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May 22, 2017 19:05
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You're all wrong. It will be Patreon.
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May 22, 2017 19:05
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I just remembered something, didn't the CEO of Theranos (the failing blood test company that was shown to be dangerously fraudulent with loving *medical test records*) have some quote that was like "If you have a plan B, you've already admitted you're going to fail"
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May 22, 2017 19:14
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I feel like anyone who wants to own their own business should be forced to binge-watch Kitchen Nightmares and similar shows for a week straight. Just days and days of unprepared people on the brink of losing everything they have because they decided to open their own business despite having no idea how to run it. I figure there are three outcomes: they change their mind, they work their asses off planning out their business model, or they just go "I'm going to do it right, not like those failures" and proceed to fail anyway. I know I never want to have my own business.
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May 22, 2017 19:14
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22 Eargesplitten posted:I feel like anyone who wants to own their own business should be forced to binge-watch Kitchen Nightmares and similar shows for a week straight. Just days and days of unprepared people on the brink of losing everything they have because they decided to open their own business despite having no idea how to run it. I'll never understand how so many people get the insane idea of starting their own restaurant but have absolutely no clue how to do it. Like it's a really big badge of honor to tell other people you have a restaurant  ?
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May 22, 2017 19:21
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ate all the Oreos posted:I just remembered something, didn't the CEO of Theranos (the failing blood test company that was shown to be dangerously fraudulent with loving *medical test records*) have some quote that was like "If you have a plan B, you've already admitted you're going to fail" I wonder what her plan b for not being allowed to do science ever again is?
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May 22, 2017 19:22
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BraveUlysses posted:I'll never understand how so many people get the insane idea of starting their own restaurant but have absolutely no clue how to do it. Like it's a really big badge of honor to tell other people you have a restaurant They're understandably attracted to the high profit margins and great work/life balance 
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May 22, 2017 19:34
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quote:I wonder what her plan b for not being allowed to do science ever again is? Gonna go with: "Already be wealthy and have plenty of inherited bucks to fall back on."
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May 22, 2017 19:34
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Krispy Kareem posted:I've known so many people who can't stand being anything but their own boss and they are almost all failures. In most situations, "can't stand being anything but my own boss" means they are terminally difficult to work with and throw fits when things don't go 100% their way.
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May 22, 2017 19:37
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ate all the Oreos posted:Obviously it'll be an Indiegogo or Gofundme I wonder what the project risks will be. "I could be too successful!"
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May 22, 2017 19:41
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monster on a stick posted:I wonder what the project risks will be. "I could be too successful!" My absolute favorite kickstarter "risk and challenge" is when they put "we might not reach our kickstarter goal!!!"
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May 22, 2017 19:43
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Being head honcho is great while everything is going right but not so much when things go wrong. I don't think many of the self proclaimed future CEO college kids consider the latter possibility.
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May 22, 2017 19:47
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22 Eargesplitten posted:I feel like anyone who wants to own their own business should be forced to binge-watch Kitchen Nightmares and similar shows for a week straight. Just days and days of unprepared people on the brink of losing everything they have because they decided to open their own business despite having no idea how to run it. My dad bought a bar (from his screwed-up brother who was truly out of his depth) without ever having worked in the service industry, and he kept it running for forty years. Then the experienced people who bought it from him ran it into the ground in less than one. (BWM: firing the popular longtime bartenders to bring in hot chicks.) And I will never own my own business either, because the stars will never align the same way and because I am nowhere near as smart as my dad was. epenthesis fucked around with this message at 20:19 on May 22, 2017 |
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May 22, 2017 20:10
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Sundae posted:Gonna go with: "Already be FTFY epenthesis fucked around with this message at 20:18 on May 22, 2017 |
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May 22, 2017 20:16
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Relatedly, we just had one of our engineers leave our company on somewhat bad terms because he wanted to go start a solo contracting/consulting business very similar to our own. He even initially wanted to work out an arrangement where he could work for our customer as a solo contractor. That got squashed real quick and put a real negative spin on the whole thing. He was a smart enough guy in his specific fields on engineering, but was always a little bit difficult to work with due to his ego and was pretty bad at writing down the things in his head for others to understand. But this whole thing mostly boiled down to him not realizing that there's a lot more that goes in to the billable rate charged to client than his own billed engineering hours. I don't know all the nitty-gritty details, but this is a pretty senior guy presumably making in the ballpark of 150k/yr with good benefits who was bitter that the company was billing him out at $150-200/hr and he was only getting paid the "hourly rate" of $70-75/hr. When asked about what he plans to do about accounting, finance, invoicing, legal/contracts, sales, auditing/compliance, project management, etc., etc., he just kind of shrugged like "whatever that all can't be that hard or take up much time". He'll be in for a rude awakening as "CEO".
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May 22, 2017 20:21
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It's really not that hard. Took me an hour to set up an LLC and biz checking account and start loving around with sample invoicing on whatever software looked most promising. Contracts take less time than that. But yeah you probably shouldn't plan on stealing your current employer's clients, at least not in your first year.
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May 22, 2017 20:35
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Guinness posted:Relatedly, we just had one of our engineers leave our company on somewhat bad terms because he wanted to go start a solo contracting/consulting business very similar to our own. He even initially wanted to work out an arrangement where he could work for our customer as a solo contractor. That got squashed real quick and put a real negative spin on the whole thing.
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May 22, 2017 21:13
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Still, the self-employment tax alone will eat up a good chunk of that difference. Not understanding the difference between W-2 and 1099 income can be very BWM.
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May 22, 2017 21:19
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Sure but presumably the $150k was also pre-tax, it's still apples-to-apples a huge difference. (He is gonna have to pay both sides of the payroll tax now.) Obviously there are a lot of costs that you don't have as a W-2 employee, all those ancillary tasks like legal paperwork and benefits and all that are gonna draw it down, but it's definitely still a good move *if* you can manage all that.
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May 22, 2017 21:22
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Guinness posted:In most situations, "can't stand being anything but my own boss" means they are terminally difficult to work with and throw fits when things don't go 100% their way. Sigh. This is my brother in law. Actually an amazing programmer and creamed it in his 20s, but somewhere along the way decided that it was intolerable to work for anyone but himself, and spurned paid employment. He wears permanent blinkers and has a towering fortress of self belief and confidence that he knows best. He's in his mid 40s now and has spent the last 5 years living with his parents, getting an allowance and failing to do anything even mildly profitable. His parents want their house back but don't know how to even start talking about it. They're also totally broke and can't really afford to keep supporting him.
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May 22, 2017 21:37
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Jeffrey of YOSPOS posted:Plenty of people do this successfully, it's not crazy or anything. A talented programmer should be collecting more than 1/3 of their billable rate. He can probably still contract for your customer in California since they won't enforce non-competes. It's not that I think it's a crazy idea on its own, it's that this guy I don't think has really thought it all through. He's not a great people person, and obviously does not understand the value that other people he works with provide, especially if they are not engineers themselves. By starting his own business he no longer gets to play the "I'm just an engineer, that other stuff isn't my job" card. But that other stuff is pretty important if you want to have a functioning company, even as a company of one person.
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May 22, 2017 21:46
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Tamarillo posted:Sigh. This is my brother in law. Actually an amazing programmer and creamed it in his 20s, but somewhere along the way decided that it was intolerable to work for anyone but himself, and spurned paid employment. He wears permanent blinkers and has a towering fortress of self belief and confidence that he knows best. You should send him that letter that the UMD "valedictorian" wrote to him. Maybe it will inspire him to move out and achieve the massive success just waiting for him. He could even re-use the same "this is why I'm moving out, in-laws" letter complete with special thanks to Obama.
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May 22, 2017 21:51
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https://www.reddit.com/r/financialindependence/comments/6cq1eu/advice_on_selling_stock_without_license/ posted:Advice on selling stock without license. (self.financialindependence) Yes this guy is shilling a stock on the pink sheets to his friends and family.
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May 22, 2017 22:15
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It's all quite funny because the people who're most likely to do really well as a self-employed people are the ones who perform really well as "regular" paid employees. They're just likable people that are multiskilled and really good networkers who have a knack for exploring and learning things entirely on their own initiative. And the slackers who proudly drop out of school because "Bill Gates did and look at him, now" are always the first to fail as entrepreneurs because they usually possess none of those traits. If you can't stand to kiss the customer's rear end because you have "pride" in your work, boy are you in for a shitshow when you start managing your own paying clients while your own personal reputation is on the line.canyoneer posted:There are a lot of funny bits in there, but I thought the best part was that he thinks by being a college dropout, he's destined to be the next Bill Gates or Mark Zuckerberg. 
melon cat fucked around with this message at 22:55 on May 22, 2017 |
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May 22, 2017 22:15
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Guinness posted:In most situations, "can't stand being anything but my own boss" means they are terminally difficult to work with and throw fits when things don't go 100% their way. The guy I mentioned, got fired from an architectural firm for making too big a stink over the software they were using. So yeah. Exactly what you said. My brother-in-law started his own construction business with his wife's personal injury settlement and lost everything in like six months. You have to really work to go out of business that fast.
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May 22, 2017 23:05
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In a shocking twist, an MLM is run by assholes: LuLaRoe losing consultants
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May 22, 2017 23:31
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Wanna drop this in the local mom's facebook group like a grenade.
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May 23, 2017 00:38
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No Butt Stuff posted:Wanna drop this in the local mom's facebook group like a grenade. Do it
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May 23, 2017 00:46
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May 23, 2017 01:03
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