Making a Career Change - Are You Ready to Be Your Own Boss?
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Questions and Answers

According to the passage, what is the main reason many people think of companies as being the most stable and reliable places to work?

  • Companies have a more structured and organized work environment.
  • Companies have a long history of providing stable employment and pensions.
  • Companies provide a guaranteed paycheck and benefits like health insurance and retirement savings. (correct)
  • Companies offer more job opportunities than working for yourself.

    • What happened to many pension programs in the past that led to the rise of the 401k retirement system?

  • Pension programs were not flexible enough to accommodate changing workforce needs.
  • Pension programs were replaced by government-run retirement programs.
  • Pension programs were dissolved due to bankruptcy, mismanagement of funds, or investment losses. (correct)
  • Pension programs were too expensive for companies to maintain.

    • What advantage does going out on your own have over applying for job openings at companies?

  • You have more control over your work schedule and work-life balance.
  • You can take advantage of government programs and tax benefits for self-employment.
  • You can avoid the large number of applicants for company job openings. (correct)
  • You can negotiate higher salaries and better benefits.

    • What is the main point of the passage?

    <p>The stability and reliability of working for a company is a myth.</p> Signup and view all the answers

    What does the passage suggest about the current job market for data scientists?

    <p>The job market for data scientists is highly competitive, with thousands of applicants for each open role.</p> Signup and view all the answers

    What is the main benefit of the 401k retirement system mentioned in the passage?

    <p>The 401k system is more portable, allowing workers to maintain their retirement savings when changing jobs.</p> Signup and view all the answers

    What was the primary reason the author decided to start their own company?

    <p>They wanted to be their own boss and perceived a lack of company loyalty</p> Signup and view all the answers

    What did the author discover in the past 3 months of starting their own company?

    <p>Going solo is very viable, even during times of layoffs, with proper planning</p> Signup and view all the answers

    Who or what inspired the author to take the leap and start their own company?

    <p>Brett Trainor and his online group 'The Corporate Escapee'</p> Signup and view all the answers

    What is the author's perspective on the content they are writing about?

    <p>It is from a US perspective</p> Signup and view all the answers

    Which of the following statements is true about the author's experience?

    <p>They have always worked for someone else until recently</p> Signup and view all the answers

    What is the author's purpose in writing this content?

    <p>To share their experience getting started in the hopes that it can help others</p> Signup and view all the answers

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