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LMB BLOG BUSINESS ADVICE, TIPS AND SUPPORT

LMB BLOG BUSINESS ADVICE, TIPS AND SUPPORT

Key reasons people are quitting corporate to be online business owners (and how) 

Do you wonder why people hate their jobs? Are you tired of working long hours to fill the pockets of company owners? Do you want to escape the rat race and have your life back on your terms? Is your boss an arsehole? Burnout? Fed up of being told to ‘go the extra mile for pitiful pay? Let’s dive into this...


Goldman Sachs: Why People Hate Their Corporate Jobs

The recent Goldman Sachs’ story showed why people hate their corporate jobs. Working 95 hour weeks leads to burnout, so there is growing demand to to escape the rat race and corporate slavery.  The shocking story broke in late March about 12 Goldman Sachs’ employees who endured:


1) Five hours sleep a night

2) Bad treatment by corporate bankers

3) Intense effects on their mental and physical wellbeing

 

In a BBC article, one employee said it was ‘arguably worse’ than the experience they had in ‘foster care’ and another said the working conditions were ‘inhumane/abuse’.



Digital Marketing Exploitation 

Also, recently the BBC ran an article on a woman of 22 who had worked in a Digital Marketing company. She was expected to work 12 hours a day Monday to Saturday in a ‘cult-like environment’. In the end, she quit and now she is working 37 hours a week in a civil service job. She has her life back. Stories like this show just why people hate their jobs and strive to escape the rat race. 


Corporate Slavery is not New!

Now hold on a second; this story isn’t new. In 2017 a Gallup poll across the world showed that a staggering 85% of people hated their jobs and in particular their boss. 


That meant only 15% in the world felt engaged in their jobs. Gallup drew the conclusion that it was largely due to management from the baby boomer generation failing to engage and meet the needs of their younger staff. So just why do people hate their jobs and seek to escape the rate race?



7 Reasons Why People Hate Their Jobs


My boss is an arsehole!’ 

How many times have you heard that said? No one wants to spend time with someone they don’t like. Getting up early in the morning and working long hours for someone you despise and who doesn’t care for you is a total motivation killer.


Colleagues

As hard as you try there will always be people at work you can’t get on with. Going to work and being with people you simply can’t stand is slow torture. If you had your own online business, you could choose who you work with. 


Cognitive Dissonance

Your dreams may be sucked dry and spat out by the grey corporate machine. Cognitive dissonance is when the company values do not align with your own and you are doing work you find unethical and mind-numbingly boring. 


Commuting Hours

Since Covid began this factor hasn’t been so prevalent with homeworking, but consider that on average we spend a third of our lives at work. Add to that the hours you spend on a train, bus, underground, or stuck in traffic each day. 


Stagnating at work

Doing the same jobs every day with very little variation can feel like painfully slow growth and many companies fail to offer real progression to staff. It can feel like you are existing in a working hell. 


Long hours but no big rewards

Possibly the worst scenario is when your company wants you to work over 50 hours a week, but not reward you properly. The company may be thriving off all your overtime but you aren’t seeing much of the pie. 


Affected by Bad Decisions

You have to mop up the aftermath of bad decisions that affect customers and staff alike. Maybe it’s time to become the decision-maker yourself and be your own boss?



7 Steps To Take To Escape Corporate Slavery

Have you reached the end of your patience? Are you ready to escape the rat race? Don’t be one of those people who talks about it for years but never does anything and ends up living in regret. Right here, right now, do the following: 


Step One

Sit down and think of online start-up ideas that appeal to you. 


Step Two

Make a list of all your skills and experiences in your working life. 


Step Three

Think of all the people you know who run businesses and ask them how they started.


Step Four

Look online for guides to starting your own business. Check out the most profitable online businesses you could start.


Step Five 

Research the market and identify a niche and demand for certain products and services. Then choose your sector and product/service range.


Step Six

Write a business plan and work out your costs and sources of finance. Check out the appropriate business plan guidelines for your country:

 

UK Government

USA Government

Business Development Bank of Canada

Australian Government


Step Seven

Choose a name for your business and set up a website. You are now ready to start your own online business!


Go For It Now!

Now is the time to take the leap. If you aren’t sure which type of online business is for you, just take a look at the businesses we offerDon’t hesitate! You know you hate your job and your boss drives you mad. If you don’t do it now, it might never happen.


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CONTACT US

Jamieson Lee Hill is the Content and Copywriting Manager for LMB. Author of two books and an educator, Jamieson is a certified UK lecturer and former Curriculum Manager. He is also an experienced Curriculum Designer and Content Writer.  In addition to this, he is an editor; recent titles include 'Life's A Game' by Mev Dinc and the Adventures of Tom Sharpe by Peter Drinkwater. 


As a lecturer and teacher, he has taught English, Business English, and Enterprise for Business. He also planned, designed, and implemented curriculums in FE colleges and schools for 2 decades. With a Post-Graduate Masters Diploma in Business Management (DMS) and Certified in 11 areas by DigitalMarketer, USA, he is well versed in Business and Marketing. 


Jamieson is also the Lead Content and Copywriter for Blam Websites, a UK franchise with 150+ partner companies in 10 countries. His core areas apart from Copywriting are Content SEO and Social Media Management for SMEs. 


Director for two companies, Jamieson is happiest when working with other positive and dynamic entrepreneurs. He lives by the sea with his wife and two cats working out every day to stay fit and focused. His hobbies are reading as many books as possible, football, languages, and culture.

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