Sarah Bishop’s Post

Are you surprised by the rise of Gen Z preference towards entrepreneurship, gig jobs? Research study reveals “53% prefer multiple part-time jobs over one full-time job. This compares to 48% for Generation X and Y.” I acctually would have guessed more than 53%. What are your views? Share in comments👇 #GenZ #GenX #GenY #gigwork

Don't Hire a Broke Person. https://lnkd.in/d_Tya6NM People mistake hunger for passion, a desire to feed the belly as motivation to work but those factors, though often feel and look alike are very different. The motivation that comes from the want to feed your belly can be easily quenched but if it’s in your soul, it takes a lifetime of searching to fill that. It is very important that founders and potential employers vet their hires properly, put mechanisms in place to gauge their motivations and make sure the drive is right. Don’t get me wrong, are all desperate people poor hires? Absolutely not, the contrary, in fact. More often than not, those who have carried an empty belly often fill it with desire to not go back but then, it is on the employer to ensure the right passion is in place. https://lnkd.in/d_Tya6NM Now the age-old question- “How?” Having dealt with the “why?”, the “how” becomes a little easier to track. First, engage the potential employer beyond their shiny CV and polished tongue. The old school style of recruitment will no longer suffice. Technology is changing rapidly, the mode of work too so, why should the mode of staffing stay the same? https://lnkd.in/d_Tya6NM It is important that potential employees are vetted, probed and nudged to reveal their values, desires and motivations. Also worthy of note, just because a person walks in with the wrong motivation does not mean they cannot be refined or they’re beyond redemption, potentials get extracted every day and a good business builder must have eyes for talent even when the person carrying it don’t know it yet.

💼 Why Salary Matters for Founders: It’s Not Just About Survival, It’s About Thriving. Let’s clear something up: Founders need a salary. Yes, I said it. And no, it doesn’t make you “less committed” or “not scrappy enough.” It makes you smart. 🧠💡 Here’s the truth: When founders go without pay, they become their own worst investment. 💸 I once heard a potential angel investor say, “If I invest, I expect 2x, 3x, or 10x ROI, and the founder shouldn’t take a salary.” 😅 Now, I get where they’re coming from, but let’s be real—that’s a bit of a joke, right? 😂 Then there’s the classic: “Oh, but if you need a salary, why did you start a business in the first place?” Well, here’s my answer: I didn’t become a founder so I could starve. 🍽️ I founded a business because I believe in its potential—and I need to survive long enough to make that vision a reality. The Startup Paradox: As founders, we need investors to fund our vision, and yes, to pay our salaries 💰. But here’s the kicker: we also need early hires who understand that growth takes time. 🚀 It’s about balancing the need for investment with attracting a team that knows the journey to success isn’t always immediate. You’re not a superhero—you’re human, with bills and responsibilities. Paying yourself isn’t about greed 💰, it’s about sustainability 🌱. And no, we’re not talking extravagant salaries—just enough to keep the lights on and focus on building. Here’s why it’s crucial: 1️⃣ Burnout prevention: You can’t run a marathon on fumes 🏃♀️. Financial stress is a fast track to exhaustion. 2️⃣ Motivation boost: Your time is valuable. A salary is a reminder that your work matters 💪. 3️⃣ Investor confidence: Investors 💼 want to know you’re serious. Working without pay isn’t a sustainable plan. 4️⃣ Better decisions: Desperation leads to poor choices 🚫. Financial stability allows you to focus on smart growth. So, founders, take care of yourself first. If you’re not thriving, neither will your company. 👊✨ Ready to thrive as a founder? Start by valuing yourself. Let’s normalize founder salaries and build sustainable, game-changing businesses!💥 #Founders #FoundingTeam #Entrepreneurship #Business #Startup

At some point as an entrepreneur, you'll face a challenging decision: When is it time to hire your first employee? Here are some great tuips for when it is time to hire someone and grow your company! https://lnkd.in/eBF8BDdV #Startup #entrepreneur #HR #Talent

If you lost your job and you are willing to accept less than $55k for salary, you will probably land another one. If you're not, the odds are that you will search and search and not find what your previous job paid. That's the reality released by Vanguard. Many of those who can't absorb that kind of drastic pay cut are starting their own businesses. Just as in the mid-1980s when we middle-aged middle managers were downsized out this could be the beginning of a new era of entrepreneurship. Fortunately, then and now technology can make the price of entry for startups relatively low. https://lnkd.in/gHD2hjJR #CorrelationofLowCompensationandHiring #BigSalaryLittleHiring #AnotherEraofEntrepreneurship #The1980sGenerationofAccidentalEntrepreneurs

Losing your job can feel like a huge setback, but also a motivating force for positive change. Three women share how being fired fueled the next chapter of their careers in this Financial Times article, which includes my views on how to rebound after a career setback. 📰Read full article: https://lnkd.in/eMAGXzWU Thanks to Kate Bassett for writing this important piece featuring Molly Johnson-Jones, Sarah Owen, and Catherine Mayer #WomenInBusiness #Resilience #Entrepreneurship #businessowner

"Don't hire anyone who wants to be an entrepreneur"🚫 I recently stumbled upon this advice from an influencer, I couldn't disagree more. People who dream of starting their own business can be great employees. They often have good ideas and work hard. They can help make a company better. Some people think these employees will leave quickly, but that's not always true. Many enjoy their jobs and learn a lot from them. Lots of big companies like it when workers think like entrepreneurs. This way of thinking has led to new products that make money. It's not smart to turn away good workers just because they might want to start a business someday. People's goals change over time. Today's worker could become a helpful business partner later. When hiring, it's better to look at skills and if the person fits well with the company. Don't worry so much about their future plans. What do you think? Is it good or bad to hire people who want to be entrepreneurs? #hiring #work #business

Have you ever felt like a salary means giving up on your dreams? In today's world, there's a glorification of entrepreneurship, making it seem like the only path to success. But, is that really the case? The reality is far more nuanced. Entrepreneurship requires a unique set of skills, temperament, and risk appetite. It's not for everyone, and that's perfectly okay. Let's challenge this narrative. Every role within an organization is significant, whether you're an entrepreneur driving innovation or a committed employee executing tasks with precision. Each contributes to the larger tapestry of success. It's not about the title or ownership; it's about the impact and dedication you bring to your work. Moreover, painting entrepreneurship as the ultimate aspiration overlooks the complexities and challenges that come with it. It requires immense dedication, resilience, and often entails substantial risk. So, let's celebrate diversity in career paths. Let's recognize and applaud the dedication of those who choose the 9-5 route, the unsung heroes who keep the wheels turning and the engines of progress running smoothly. Success is not defined by the label of 'entrepreneur' or 'employee,' but by the passion, dedication, and positive impact we bring to our respective roles. Together, let's embrace the multifaceted journey toward fulfillment and success. #careerpath #success #diversity

Changing Landscape of #LinkedIn: More Recruiters, Fewer Job Seekers I’ve always been inclined towards researching and analyzing various trends, and lately, I've noticed an interesting shift on LinkedIn—there seem to be more recruiters than job seekers. This observation got me thinking about the underlying reasons, and after exploring several articles and conducting my own research, here’s what I've discovered: Short-Lived Ventures :- Around 63% of professionals are opting to establish their own businesses after gaining an average of 18 months of experience. However, 87% of these businesses shut down within a year, primarily due to a lack of revenue, inadequate management skills, and poor cash flow. I’m not suggesting that you shouldn't start a business, but it’s essential to approach it with proper knowledge, planning, and strategic execution. Talent Vs Compensation Mismatch :- If your compensation exceeds your skills, it could eventually lead to setbacks. For example, if someone’s salary increased from 5 lakh per annum in 2022 to 15 lakh per annum now, their lifestyle and expenses often rise accordingly—installments on luxury cars, expensive homes, etc. Over time, the company might reassess your value and ask for a pay cut or termination, leading to a fall. Instead of constantly switching companies or industries for a higher salary, focus on enhancing your skills and talents. Timing Is Everything :- Everyone has dreams, but achieving them requires the right timing. In today's world, it can seem both easy and challenging to sustain a business. It all depends on your approach and execution as an individual. The Fact of Startups :- Startups are booming, but finding good talent is becoming increasingly rare. Don’t be surprised if I tell you that over 90% of startup founders are either struggling to survive or earning less than their previous salaries. Beyond Just Money :- In today’s era, money alone is not enough to start a business. Success is more likely when you combine wisdom, financial resources, and effective execution. #Hardworking And Improvement on skills will make you superior.

Ever wonder why so many talented recruiters don't take the leap to launch their own agency? Picture this: Youre driving success. Bringing in impressive figures for your employe. Yet the thought of branching out on your own feels like stepping into the abyss. What holds them back? Fear. The unknown. Your current recruitment gig might not equip you with the playbook for launching your own empire—think financing, payroll, and accounting. But fear not, for there's a path forward. 🚀 Here's the blueprint for breaking free: 1️⃣ Knowledge is power. Arm yourself with the know-how to conquer your fears and pave the way for your own recruitment empire. How to manage Payrolls, find candidates, negotiate rates, manage backend etc. 2️⃣ Start small, but start somewhere. Even a part-time venture can ignite the flames of entrepreneurship. Like I mentioned in my earlier posts, use whatever free time you have. Evenings, weekends, breaks. Anything to build momentum. 3️⃣ Empower others. Teach a trusted ally the ropes, allowing them to handle tasks while you navigate your current role and free up more time to your ventures. 4️⃣ Believe in yourself fiercely. Focus not on the pitfalls, but on the endless possibilities awaiting your bold step forward. No one will believe in you more than you. 5️⃣ Embrace the mantra: just start. Take that first leap, no matter how small, and watch as your journey unfolds. Dont get down in the weeds with all the small details. Do first think later. The path to entrepreneurship is paved with uncertainty, but within that uncertainty lies boundless opportunity. Seize it.