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Why did I quit my high paying job? - YouTube
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in terms of pursuing my career to become
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a professional cricketer I played at
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state level also under 14 under 16 under
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19. but unfortunately dude I also got an
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opportunity to speak with some of these
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management consultants and I was super
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impressed with the type of Lifestyles
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that they used to live so to be very
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very honest I was impressed by the fact
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that these people used to stay in like
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five-star hotels hi everyone welcome to
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today's video so you must have recently
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read the news that the attrition in
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Infosys is roughly 28 this is very high
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rate of iteration iteration in simple
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terms means that some people are getting
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fired from the job some people are
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deciding to quit their job for a wide
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variety of reasons but this 28 iteration
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rate indicates that there is something
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murky that is going on in corporate jobs
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and it is very important for you to
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understand how to deal with these kind
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of situations when you are either fired
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from your job or if you decide to quit
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your job for some reason so I thought
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that I would shoot a very personal video
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explaining why did I quit my high paying
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corporate career what are some of the
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key lessons that I learned along the way
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that is allowing me to continue whatever
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I am doing currently in my career and
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third and finally what is it that you
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should be doing and preparing for in
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case an unforeseen situation comes in
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your career as well along the way I will
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also do something very interesting I
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will disclose and reveal the answer that
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whether I make more money now or if I
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would have made more money if I would
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have stuck to my corporate career so
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this is the agenda for today please
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watch it it's a super important video I
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will break it down into five simple
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points and the video will be replete
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with learning word of the day today is
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replete so let me know what does that
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mean in the comment section this video
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is sponsored by upgrad it's an excellent
[94]
online learning platform they create a
[96]
series of different curated courses
[98]
professional development courses that
[100]
you could undertake to benefit in your
[102]
career and upskill so I have curated
[104]
some of the list of my favorite courses
[106]
from upgrad so you can go check it out
[108]
and given your life circumstances you
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could consider taking some of these
[111]
courses so let us get the video started
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and the first and foremost thing that I
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want to talk about is my personal
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journey of becoming a Management
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Consultant so the first key point that I
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want to quickly discuss with you is that
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why did I choose to become a Management
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Consultant and set some context there so
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we are often asked in our childhood and
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many times this would have happened with
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you also that people ask or if your
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relatives come they ask that you know
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what what do you want to become when you
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want to grow up so my answer always used
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to be a cricketer and I worked really
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really hard in terms of pursuing my
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career to become a professional
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cricketer I played at state level also
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under 14 under 16 under 19. but
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unfortunately due to some circumstances
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I had to give up on my career as a
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cricketer after that it was a very
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depressing period in my life I really
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did not know what I wanted to do because
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ever since I was a kid I just wanted to
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play cricket and it became like a very
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depressing time in my life so to say so
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I continued my studying I was a decent
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average student I just went ahead with
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my life flow completed my 12th completed
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my college education and it was during
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college where I had an opportunity to
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intern with Ministry of rural
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development how did I get this
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internship during my time all the
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Ministries used to release in newspapers
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that they are launching an internship or
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they are launching some particular
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position so if you kept aligned and if
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you kept monitoring these things it was
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very easy to figure out these internship
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opportunities so I applied I luckily got
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selected my resume was fine then I
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started working people really liked my
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work and that is where I had an
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opportunity to interact with a lot of
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management Consultants because even now
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in government Ministries there are a lot
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of management Consultants from BCG Bain
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McKenzie PWC Deloitte who come to these
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different Ministries to help government
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execute projects so they work in a
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public private partnership fashion
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companies like Deloitte McKenzie they
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support Central Ministries and state
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Ministries in terms of executing these
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projects so I was working from the
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government side so to say I was only uh
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intern I also got an opportunity to
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speak with some of these management
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consultants and I was super impressed
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with the type of Lifestyles that they
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used to live so to be very very honest I
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was impressed by the fact that these
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people used to stay in like five-star
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hotels these people used to drive like
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fancy cars make a lot of money so this
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really appealed to me because I was
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extremely young at that point in time
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and my notion of career was to make like
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crazy amount of money so that is what I
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genuinely wanted to do so once my
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internship was completed I went back and
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I started researching about that you
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know what how do you become like a
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Management Consultant and the number one
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answer that I got was that you have to
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complete an MBA in order to become a
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Management Consultant so I started
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figuring out how to do an MBA so I
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studied for cat also I studied and
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prepared for GMAT also I wrote GMAT for
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a very good score then I started
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aligning myself to going to foreign
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universities because more money I was
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very fascinated with making more money
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in the early part of my life like
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majority of the college students so so
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being very very honest with all of you
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then towards the final year of my
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undergrad degree I got an opportunity to
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start certain chapters for an
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organization called as make a difference
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which was a non-profit organization and
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I started a chapter for make a
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difference now that experience proved
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pivotal for me because this was the
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first time I was experiencing the social
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impact space and I realized that I
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really enjoyed working with people
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building a team hiring a team of
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volunteers establishing a system process
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which everyone wanted to be a part of so
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I had a fantastic experience of building
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this chapter for make a difference and I
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was able to grow this chapter and scale
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this chapter so this experience proved
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very pivotal for me because up until
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this experience my notion of a career
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was that a career equal to money so try
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to make as much money as you can that's
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it but with my maker difference
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experience I started realizing that you
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know what your work should also have
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some kind of palpable impact so the
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second word of the day today is palpable
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so let me know what does table means so
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the point was that once I graduated from
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college there were like two types of
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decisions that I wanted to incorporate
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one I wanted to make good amount of
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money second I also wanted to have a
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career where my impact was visible so
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that is the perspective with which I
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started approaching my career I also had
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like a good GMAT score back in the kitty
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so I could always use that and since
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your GMAT score is valid for five years
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that gave me a lot of flexibility to
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design my career so this brings us to
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the second part of the story that once I
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graduated from college my objective
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became really clear that you know what
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let me first try to attend the best
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possible business school I can get into
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I already have a great GMAT score so let
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me plan my career accordingly now it's
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not as if that you can systematically
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design it and fit every puzzle but I
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wanted to experience the world and get
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like different type of experiences so I
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started working with a non-profit
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organization it was a core non-profit
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organization it was a Christian
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Missionary with which I worked for
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approximately a year and it gave me a
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lot of project management experience at
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that point in time I realized that you
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know what no matter what work I do it
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absolutely needs to have an impact yes
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money is important no doubt about that
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but I don't want to be in a career path
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where it's all about money I want to
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have a career path where I get to see
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the mix of Both Worlds again I started
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reaching out to my contacts whom I had
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met during my internship days and I
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started figuring out that you know what
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there are like social impact practices
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of a management consulting firm there
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are very big consulting firms like BCG
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Bain McKinsey they have a practice area
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called a social impact Consulting so
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that is when I realized that hey given
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that I want to make money also given I
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want to stay in social impact also here
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is the career path for me which is
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social impact Consulting for a big
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management consulting firm so my goal
[434]
became very clear I started gravitating
[437]
more and more towards that goal and I
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was extremely lucky to figure out what I
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wanted to do in and around the time when
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I had just graduated from college so as
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a result I started planning my career
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accordingly so I work with a non-profit
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organization then I switched to do
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working with Ministry of rural
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development I work there improve my
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profile people really like my work so I
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started working with a minister directly
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worked on public policy scheme so again
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I was a public sector consultant that is
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where I started my Consulting career and
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along the way because I had a GMAT score
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also I applied to a business school and
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got accepted to a range of different
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Business Schools and eventually picked
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up in CR because it is one of the top
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most MBA programs in the world and I
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also got a substantial scholarship from
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insead and just before going to insead I
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joined a top three consulting firm in
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the world worked there for few months
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and then I started my program at NCR so
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this brings us to the third point that
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once I graduated from NCR I started
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working in Consulting again with a
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company called as dalberg and what did I
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like dislike about this entire
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Consulting space that I was in so what
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did I like of course I liked staying in
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five star hotels it gave me the first
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opportunity to stay at a five-star hotel
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I went to Turkey to get training as a
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Management Consultant so it was an
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excellent time so that was the first
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time I traveled in Europe Asia and
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coming from a small City these things
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mattered a lot to me because I never
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stayed in a five-star hotel before that
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so all this was like fancy stuff for me
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and I really enjoyed it so this was the
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first key perk of course the second keep
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up was a salary that I was making very
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good salary at the start I was making 30
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lakhs this was back in like 2015.
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nowadays it might be 45 50 lakhs maybe
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even without any bonuses working in
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India the second key perk of working in
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Consulting was that I was able to
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amplify my skills there were a lot of
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things that I learned in Consulting
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whether it was building Excel models
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whether it was interacting engaging with
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a team whether it was Project planning
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whether it was engaging with high-end
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clients so the first client that I
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worked with was Asian development bank
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so I worked directly with the principal
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Economist there which was a big deal for
[555]
me because I was just like 25 26
[557]
something like that managing a project
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independently with the principal
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Economist of Asian development one it
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was a big project for me and in
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Consulting you end up getting these type
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of high level exposure which really
[568]
boosts your confidence so just to
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encapsulate three key things that I
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enjoyed working in Consulting was number
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one high salary high perks traveling
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internationally second key thing
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engaging with high level client and also
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my colleagues were very impressive
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driven so a lot of things that I learned
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from them third and finally I was able
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to enhance my skill set which I will
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speak about subsequently on the video
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now what did I not enjoy so basically
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after this initial Sheen of working in
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management consulting staying in
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five-star hotels it veered off reality
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started to sink in first and foremost
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there was an instance with my mom that
[600]
my mom called me up during like festive
[602]
season and she wanted me to come home
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for Holi and I genuinely did not have
[607]
any time and when she called me I was
[608]
feeling like extremely frustrated why
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because I had a deadline and I just
[612]
could not even talk to her properly so
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the point was that I was under like so
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much corporate stress so to say of
[618]
deadlines that it just impacted my
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mental well-being so to say the second
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key thing was that if I looked around
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everyone was fighting with a deadline
[625]
that once you complete a project you get
[627]
like maybe a week off then you keep on
[629]
running on day to day basis so I asked
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myself question that you know what till
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how long do you want to do this because
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when I looked around at partner level
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they were like 45 50 year old people
[639]
making good money but were left with
[641]
very little time for anything else so
[643]
did I really wanted to live that life so
[645]
at that point in time when the newness
[646]
of this job withered off it was evident
[649]
that you know what this career path was
[651]
not right for me I'm not saying that it
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is not right for everyone else but for
[655]
me working learning from that career
[658]
path made a lot of sense pursuing that
[660]
career path for a period of 10 15 20
[662]
years the answer was definite no I would
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have been very very unhappy so I started
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building an exit plan so I started a
[668]
company called as my MBA Journey it is
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still very much active it is into
[671]
foreign admissions so I started getting
[673]
some clients through it I started
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building an income stream along with my
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full-time job and once I had a plan
[679]
ready when I told my parents that you
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know what I'm going to quit my job and
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here is a plan that I have that I
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already have like paying clients so I
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will be able to survive yes the money
[687]
that I'm making it's like very less
[689]
compared to what I'm making in
[690]
Consulting but maybe something good will
[692]
come out of it and my parents were super
[694]
supportive nice and and without their
[696]
support I would have been nothing my
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wife was extremely supportive about this
[699]
entire move and at that point in time I
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decided to quit Consulting so this
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brings us to an interesting question
[704]
that do I make more money now than I
[707]
would have made if I would have stayed
[709]
in Consulting the short answer is yes I
[711]
do I would have been maybe a partner at
[713]
some major consulting firm but do I make
[715]
more money now compared to a partner at
[717]
a major consulting firm the answer is
[719]
the answer is much more than that I am
[721]
not saying this to both but I am telling
[723]
you this so that you also get conviction
[725]
that if you believe in your dreams you
[727]
get that conviction that hey if akshat
[729]
can do it so can we so you can start
[731]
planning from that perspective now three
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key things that I learned in Consulting
[734]
that is helping me in my career right
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now let me quickly outline that it is
[739]
very important for you to have this
[740]
estimate that hey what have you exactly
[742]
learned through your current job and
[744]
will you be able to pick that skill set
[745]
and translate that into something else
[747]
for me the number one skill was
[749]
knowledge about Finance so during my
[751]
time in Consulting I worked on a range
[753]
of different projects including a lot of
[755]
Finance oriented stuff so that is where
[757]
I started learning more about Finance I
[759]
really enjoyed it and now I make YouTube
[761]
videos on career and finance so learning
[763]
about Finance having that problem
[765]
solving mindset that consultants usually
[767]
have inculcating that has really helped
[769]
me in terms of running a YouTube channel
[770]
for example which is one of my revenue
[772]
streams as of now second key thing was
[775]
entrepreneurship so since in Consulting
[777]
you work across a range of different
[778]
projects for example you will do like
[780]
operations related projects you'll do
[782]
Finance you'll do strategy you will do
[784]
marketing so essentially it helps you
[786]
develop that entrepreneurial skill set
[788]
so this was the second key thing third
[790]
was Project planning project mapping so
[792]
a lot of work that I do now in terms of
[794]
running my own Fund in terms of
[796]
developing new businesses in terms of
[798]
managing a small Team all these things
[800]
require project planning project mapping
[802]
so this is something that you learn how
[804]
to interact with client how to interact
[806]
with teammates Etc and management
[808]
consulting was a very important
[809]
destination for me from that particular
[811]
perspective from a software side
[813]
management Consultants learn how to
[815]
speak really well they are coached to
[817]
speak really well so I learned that they
[819]
are poached on how to solve complex
[820]
problems so I learned that they are
[822]
caused how to do business analysis
[824]
business study so that is something that
[826]
I keep on presenting on YouTube also so
[828]
these are some of the key transferable
[829]
skills that I'm implementing even now
[832]
and if I could go back in time would I
[834]
pick Consulting again the answer is 100
[835]
yes I would definitely do it I would not
[838]
have had the acument to jump directly
[840]
into entrepreneurship so for someone
[842]
like me I needed that structured system
[844]
process to align my thinking align my
[847]
skill and from there figure out a way to
[849]
work independently so this brings us to
[851]
the fourth point that akshat should I
[853]
also do that should I not do that can
[855]
you comment very briefly yes so
[857]
basically Consulting is not a career
[859]
path for everyone I would say it depends
[861]
a lot on what you want to get out of
[863]
your career if you're looking to get a
[865]
diverse range of knowledge diverse range
[867]
of skills and Consulting is a very
[868]
highly valued career path you can
[870]
definitely pursue
[871]
on the flip side if you want a more
[873]
Balanced Life where you have more work
[875]
life balance where you can take things
[877]
easy then Consulting is not for you you
[879]
might struggle in that career path what
[881]
is the best way still to do management
[883]
consulting number one please learn about
[885]
case solving business analysis case
[886]
study is very important concept your
[888]
resume needs to be Top Notch only less
[890]
than 0.5 people end up getting into top
[893]
consulting firms very very difficult job
[895]
to get in usually you will require a
[897]
master's degree so try to get into a
[899]
good undergrad plus master's degree that
[901]
gets your resume shortlisted quite
[903]
easily also if you can undertake some
[905]
experiential learning programs do some
[907]
Consulting assignments along the way
[909]
help startups get a referral from an
[911]
ex-consultant please don't ask me to
[913]
write a Consulting reference letter for
[915]
all of you I am teaching you these
[916]
things please don't apply it to me so go
[918]
figure out other Consultants other
[920]
ex-consultants if they write a
[921]
recommendation for you that really helps
[923]
in terms of getting shortlisted but of
[925]
course Consulting is not the only
[927]
sacrosanct path out there there are also
[929]
many other good corporate career tracks
[931]
like investment fund banking product
[932]
management and wherever your interest
[934]
lies please go there there is absolutely
[937]
no problem important point is that when
[939]
you have started that career path try to
[941]
excel at it try to become really good at
[943]
it try to develop skills because the
[945]
skills is what you take away when you
[947]
quit a job or if there are iteration
[949]
problems and this brings us to Fifth and
[951]
final point that if you are looking to
[953]
quit or if you are getting fired from
[955]
your job or if you're close to getting
[956]
fired from your job what are some of the
[959]
key things that you need to remember and
[960]
what are some of the key things that you
[962]
absolutely need to execute so there are
[964]
many but let me leave you with three
[966]
most important so Point number one
[968]
please get your obligations done what is
[970]
meant by obligation obligation does not
[972]
mean that you have to get your son and
[974]
daughter married in five years of your
[975]
career that is very difficult to do but
[977]
the obligation could be that at least
[979]
take care of your family expenses for at
[981]
least one to two years so save at least
[983]
that amount of money before you quit so
[985]
that is a basic part of meeting your
[987]
obligations please do not quit even if
[989]
the corporate environment is really bad
[991]
and put financial and mental stress on
[993]
your family I understand that this is
[995]
like contrary advice from what you
[996]
typically get on LinkedIn and other
[998]
platforms but I'm being honest with you
[1000]
that if you quit without a plan it's
[1002]
just really bad second key thing that
[1004]
you must always have a plan b c and d in
[1006]
play when I quit my high corporate
[1008]
paying job my plan B was already voused
[1010]
I had I had already built a side
[1012]
business I already had paying clients my
[1014]
plan C would have been that hey I will
[1017]
go and work with another consulting firm
[1019]
or I might work with a startup because
[1021]
management Consultants once you get
[1022]
attacked it gets easier for you to get
[1025]
jobs at other consulting firms or
[1026]
startups so I could have always gone to
[1028]
corporate world in fact the funny thing
[1030]
is that even till today I keep on
[1032]
getting a lot of offers that actually do
[1033]
you want to work with this particular
[1034]
company why am I telling you that
[1036]
because a lot of other management
[1037]
Consultants also end up getting similar
[1039]
offers the third key lesson is that
[1041]
please build some kind of proof of
[1043]
concept now proof of concept could be
[1045]
that you go on social media create a
[1047]
community for you so that becomes like a
[1049]
proof of concept it proves that you have
[1051]
the ability to create a community
[1052]
similarly let's say that if you're a
[1054]
coder or a software programmer so go
[1056]
create a portfolio publish that
[1058]
portfolio get some paying clients for it
[1060]
so that is called as generating proof of
[1062]
concept now this proof of concept is
[1064]
great if you are starting your own
[1065]
business and even if you start your
[1067]
business the business fails you can
[1069]
always take this proof of concept and
[1071]
show it to your next recruiter so having
[1074]
this proof of concept ready is very very
[1075]
important point one very important point
[1078]
to note down from these three
[1079]
suggestions that I've given is that
[1081]
please do not quit without having a plan
[1083]
because many a times what I see is that
[1086]
people get fired they have no clue that
[1087]
they will get fired sometimes people
[1089]
quit without a plan because they are
[1091]
just too frustrated with their job and
[1093]
then they quit and they don't know what
[1095]
to do next then they will keep on
[1097]
looking for more career Clarity which
[1099]
can lead to a lot of wasting of time if
[1101]
you are quitting then it is your
[1103]
responsibility to know that okay hey I
[1105]
have quit next day onwards I'm going to
[1107]
work on this particular plan it is okay
[1109]
if that plan fails because once a plan
[1111]
fails you will move on to your plan C
[1112]
Plan D so on and so forth but if you're
[1115]
just wondering aimlessly cripping your
[1117]
current job it is not going to do you
[1119]
any good so be a person with a plan
[1121]
that's the most important message that I
[1123]
want to give out so I hope you enjoyed
[1124]
the video best of luck with your careers
[1126]
do press the like button and I will see
[1128]
you tomorrow
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