red pill - the economics of sustainable self-unemployment for recovering paycheck addicts
DESCRIPTION
For folks battling paycheck-addiction. David Bloom, a coach for www.gleq.org, debunks common W-2 myths, and spells out the economics of employment, contracting, and sole-proprietorship. Red Pill applies to anyone entering the 21st-Century workforce of "free lances" (mercenaries), "Bobs" (Office Space consultants) and "furita" slackers.TRANSCRIPT
THE RED PILLThe Truth about Self-Unemployment
DISCLOSURE
I am not an economist, an accountant, or a finance guy
I am not a lawyer, nor do I play one on TV Hulu
I am not selling anything - merchandise, drugs, religion
I am not recruiting for Factotem, GLEQ, Iluminatus, ...
I am a capitalist, and so can you! Oh yes you are!
Use as directed. This offer not available in stores. Void where prohibited. Professional driver on closed track. Don't try this at home. If erection lasts more than 72 hours, see someone.
WHAT DO YOU WANT TO DO?
Not what you’re doing (unless you love it)
Not what you used to do (unless you miss it)
Not what you did in school (unless you’re the prof)
Not what somebody else is doing (DWUD)
Not what somebody else said you should do (SOS)
Not a fad; makes you mad; feels bad; or to pay for the pad
UNLESS YOU’RE THE LEAD DOG, THE VIEW NEVER CHANGES
E
IS
Bm
ore
str
uct
ure
more money
HOW DO YOU WORK?
Work at a set time/place vs Work anytime/anywhere
Work on a timeline vs Work til you’re done
Work with customers vs Work behind the scenes
Work on a Team vs Work alone
Manage work vs Execute work
Start stuff vs Complete stuff
YOU ARE WHAT YOU DO
E
SI
B
more gumptionless gumption
less
co
ntr
ol
mo
re c
on
tro
l
WHAT DO YOU LOVE?
“I woke up with a smile, thinking about ...”
“I can’t wait to get to work, cuz ...”
“This is the best part ...”
“I feel joy when I ...”
“I love to ...”
(This is the only slide that really matters. If you were torn between going to Red Pill or going to the “Watching the Watchmen” program in Atlantis, you can go now.)
SO, YAWANNA FREE YOUR LANCE?
E
IS
B
Team
YOU’RE THE MAN NOW, DOG
BSystems
Accountability
Sell
TeamTeach
WHERE DO DALAS COME FROM?
Purchasing “Real” Property
Renting/Leasing Property
Licensing IP
Service Providers
Consultants
Bullshit
Cost of Goods & Services
Profit - on CoGS
Cost of Sales
Cost of Account Management
Overhead
CoGS
ProfitCoS
CoAM
OvHd
WHERE DO THE DALAS GO?
TACO BELL
E S B IHealthcare $200 $400 $400 $400
Real Estate $200 -$200 $400 $0
Transport $0 -$200 $0 $0
Security $400 $0 $0 $50
Liability $400 $50 $200 $200
SHE CHARGES WHAT?!
Employee salary = $80K/year
Employee effort = 2K hours/year
Hourly wage = $80K/2K = $40/hour
Cost to Employ = 25% wage = $10/hour
Employee burn rate = $40 + $10 = $50/hour
Opportunity cost = 2x burn rate = $100/hour
Opportunity + burn = $100 + $50 = $150/hour
DO WHAT YOU LOVE
“I woke up with a smile, thinking about ...”
“I can’t wait to get to work, cuz ...”
“This is the best part ...”
“I feel joy when I ...”
“I love to ...”
DAVID C. BLOOMwww.davidcbloom.com