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WHY YOU SHOULD NOT LEAVE YOUR DAY JOB AND START A NEW BUSINESS: Series 2/9

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WHY YOU SHOULD NOT LEAVE YOUR DAY JOB AND START A NEW BUSINESS: Series 2/9

Written by YannicK KOUNGA on December 24, 2016 No Comments 3 minutes read advice, career, entrepreneur, Job, startup, venture

If you go to any school, sit in the back of Finance 101 and listen the First lesson, you will hear the professor asking her students this question: What is the trick to successful investing? The answer is pretty clear: Diversification. When you are building an investment portfolio, a simple way to minimize risk on your investment is to properly diversify so that one failed investment don’t materially impact your wealth.

Ironically, most of us do exactly the opposite with our careers. If you think of your career as an investment and of course it is, then your portfolio and by extension your life is heavily exposed to just one position: your job. So you need a plan B. But it shouldn’t be absolutely to abandon your job. Bear in mind that this is long term strategy, not get-rich-quick Scheme.

To be continued!

advice, career, entrepreneur, Job, startup, venture

About the author

YannicK KOUNGA currently work as Managing partner at Africa Venture Lab LLC, a venture that he co-created with four Africans and which aim to invest in social projects with a focus on technology across Africa and provide skills to modern entrepreneurs to successfully run their venture. Yannick R. Kounga T. has extensive experience in Accounting, Finance and Management with Multiprint, CMF Graphics and Schlumberger. As Controller, Yannick was most recently responsible for Risk and internal Control in a transformation project for Schlumberger, a global leader in oilfield service industry. YannicK KOUNGA holds a Master’s degree with majors in Accounting and Finance from University of Douala (Cameroon) and an MBA in Finance from University of Wales (UK). He is a Fellow of several US professional association and community service organizations where he plays multiple roles. He speaks French, English, pidgin and basic Spanish besides four others African dialects and has lived in 16 countries. Outside of work, Yannick is an avid reader/learner, community worker, volunteer, Father, Husband, blogger and poor but keen cook!

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