What do you people do for a living ???

What do you people do for a living ???

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Discussion

monty_python

Original Poster:

358 posts

268 months

Wednesday 8th January 2003
quotequote all
I'm a 17 year old student at the moment but the day will come when i have to get a job. I realize that my first job won't be CEO of microsoft but what path should i follow to be able to afford something fast and italien in x years time ???
For your information i am completely fluent in french aswell seeing as i've lived in france since i was 6.

So come on , what jobs ?? Salaries ?? etc ...?

craigw

12,248 posts

288 months

Wednesday 8th January 2003
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I'm an oil broker, have been for just over 5 years. Sorry but not telling you my salary. Best of luck in your career.

nevpugh308

4,410 posts

275 months

Wednesday 8th January 2003
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In IT myself, but I wouldn't recommend it at the moment ..... bit of a lull in the markey, you could say.

rich1231

17,331 posts

266 months

Wednesday 8th January 2003
quotequote all
IT and a dabbler in property.
I hate working!

plotloss

67,280 posts

276 months

Wednesday 8th January 2003
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Theres decent money to be made in every profession that doesnt involve working for the state.

IT does pay well, but it is bleak at the moment and the days of making a killing with little experience are long gone.

The 3 hot markets for this decade though are still IT, Genetics and Telecomms.

Matt.

shadowninja

77,384 posts

288 months

Wednesday 8th January 2003
quotequote all

plotloss said: Theres decent money to be made in every profession that doesnt involve working for the state.

IT does pay well, but it is bleak at the moment and the days of making a killing with little experience are long gone.



yep... and there are a lot of IT guys with web skills and little experience flooding the market now!



The 3 hot markets for this decade though are still IT, Genetics and Telecomms.

Matt.


so if you can build a human being with built-in internet access you'd make a fortune!

Prince_Charming

2,646 posts

275 months

Wednesday 8th January 2003
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Yeah but Plotloss, you've only got a lowly Tiv. This guy wants a Ferrari!

Don

28,377 posts

290 months

Wednesday 8th January 2003
quotequote all
If I had my time over I'd look for a career in the City in finance if I was after big money. They certainly *used* to earn very well indeed.

There's a few City folk on the board who might be able to outline what it takes as a career.

The other traditional path to a larger income is not to have a job at all - but to build up your own business. That's what I did....

Key things to running your own business:

1) Do something you already have experience in - not something new you just fancy doing.

2) Do something that has money associated with it...just because you like something doesn't mean anyone else will pay for it.

3) Do something that allows you to build value in the business. If all your business is is the services you can provide as an individual then the business is only worth something whilst you work for it. You can never sell such a business.

4) Never try to create a market for something new. Doing this costs millions. Instead determine if a market is undersupplied - and sell into that.

Hope any of this gives you an idea. Good luck.

M@H

11,297 posts

278 months

Wednesday 8th January 2003
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so what do you do Don ?

>> Edited by M@H on Wednesday 8th January 13:21

132

475 posts

269 months

Wednesday 8th January 2003
quotequote all
Strategic Risk Management and Property - $$$. Both really hard work, but can't grumble as they have got me where I wanted to be by this stage of life.

Good luck.

Animal

5,309 posts

274 months

Wednesday 8th January 2003
quotequote all
Can't say that insurance is that lucrative at the mo. There are producing brokers making lots, but the vast majority of us don't, and so drive Fords, not Ferraris.

Banking's not a great idea at the mo - there are 550+ banks in the city and practically all of them are being squeezed right now. It used to be that a trader or broker would get a six-figure bonus at Christmas, but now people are being told "Your bonus is that you've still got a job!"

Best advice I can give (if you don't want to work for yourself) is to pick something you're interested in and something you're good at and stick with it. Money usually comes later (hopefully not too late).

Good luck!!

Animal (and a Ford Mondeo!)

Don

28,377 posts

290 months

Wednesday 8th January 2003
quotequote all

M@H said: so what do you do Don ?

>> Edited by M@H on Wednesday 8th January 13:21



I am an owner/Director of a small software company - out of interest. Not all mine - but a reasonable proportion. We develop and sell our own software products which meet specific business problems. Our latest offering is a Time Accounting package (Timesheets with knobs on) for corporates. Goes on sale Q1 this year.

We also do bespoke software development - same development environment as PH would you believe.

I'll post a link to our site when its been updated with the latest product details (in a couple of weeks) any introductions to people needing (and willing to pay for) our software welcome!

wezo

247 posts

290 months

Wednesday 8th January 2003
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I'd suggest either qualifying as a lawyer or accountant to start with, this will give you a good grounding for most jobs in the city and commerce generally. After that its up to how hard you want to work really, and the chances are you will have to work very hard indeed in the future....

Craig

1,181 posts

290 months

Thursday 9th January 2003
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agree with wezo

get a professional qualification so you've got something to fall back on

I did the accountancy route and then went into banking

as was mentioned, not a great time at the moment but I feel more secure than those traders!

manu

768 posts

269 months

Thursday 9th January 2003
quotequote all

Don said:
Key things to running your own business:

1) Do something you already have experience in - not something new you just fancy doing.

2) Do something that has money associated with it...just because you like something doesn't mean anyone else will pay for it.

3) Do something that allows you to build value in the business. If all your business is is the services you can provide as an individual then the business is only worth something whilst you work for it. You can never sell such a business.

4) Never try to create a market for something new. Doing this costs millions. Instead determine if a market is undersupplied - and sell into that.




Don - I've been thinking about that quote for AGES and when I first read it I wanted to pick a hole in it - but actually I think I totally agree - fairly sound advice!
Rich actually spoke my mind most accurately "I HATE WORKING."
Although working in the city pays very well - don't forget that you're under pressure to perform - you got to be GOOD... often the people working on the trading floor/IB have made millions in profits/fees for the institution that they work for.... of which their bonus is actually a small proportion... My point, if I have one, is that nothing worthwile ever comes easy but ALSO I belive working hard is NOT always the solution - working "smart" will get you further in the real world...



rich1231

17,331 posts

266 months

Thursday 9th January 2003
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I think the biggest advantage you can give yourself is without sounding like a american lifestyle guru is to believe you can do it. If you have doubt then you will fail at whatever you do. If you fail and all goes T up then just start again.

I don't truly think that you need to have any particular qualifications to make it.

Don

28,377 posts

290 months

Thursday 9th January 2003
quotequote all
manu - agree completely. Don't work hard. Work "smart". Definitely. Concentrate your efforts on that which achieves your goals - and eliminate anything which doesn't add value.

Spotting the value is the key to being an astute businessman/woman I think.

In my company we call it "following the money"...great fun.

Anjum

1,605 posts

290 months

Thursday 9th January 2003
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Don said: manu - agree completely. Don't work hard. Work "smart". Definitely. Concentrate your efforts on that which achieves your goals - and eliminate anything which doesn't add value.

Spotting the value is the key to being an astute businessman/woman I think.

In my company we call it "following the money"...great fun.


I reckon working smart and hard is the way to go.

Get a good balance - enjoy life (and the toys) - but remember how the toys were paid for.....

Enjoy!

Nightmare

5,222 posts

290 months

Friday 10th January 2003
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Spotting the value is the key to being an astute businessman/woman I think.



totally agree...and for people who can spot the difference between a dream and a commerical reality, the money is still there to be amde in large quantities. It' always surprises me just how many things you might perceive as 'bloody obvious' haven't been done, or are done appallingly badly....

money and toys are good, but there is no way I'd be prepared to kill myself work-wise (several city banker friends spring to mind) just in order to own a fast car...thats for damn sure!