Speaker 1: Hi my lovely audience, welcome to my YouTube channel. This is me Shubh and in today's video we are going to discuss Can we do freelancing while working in an MNC? Now the topic of this video is going to be very close because I myself have done freelancing in MNC for 2 years After that I have started my agency's business So watch this video by these 3 types of people who are either working in MNC and want to start their freelancing Those people who are working in MNC plus they have already started their financing and those people who are doing job in MNC and are doing financing now they are worried that I have to do one thing and I am not able to do both. So do watch this video because I feel it is better to leave at the right time from the wrong place or else you will start complaining. So stay tuned, let's start the video. First of all, let's find the answer to the question that can we do financing while working in MNC? So the answer to this is mostly yes. The live example is sitting in front of you. I have done it for 2 years. Now, in this, it comes down to the perspective, whether you are looking at it from the company's perspective or from an individual perspective. Or you can look at it from another perspective. What do you call these laws? Dual employment is mostly not allowed. But if we talk about Indian history or current India, if you do a government job, then you cannot do extra side business. Right? But what about the government teachers who teach in the day and don't take tuition in the evening? Right, so in India, all this works until there is no loss to anyone. Now, from the point of view of a company, you think that you are being taught a skill and the company wants you to use that skill for that company and grow that company. So there is nothing wrong, right? You learned that skill, you are helping that company to grow by 9 to 5. Right, now I have the same skill. I am a human, man. Should I use that skill 9 to 5 or should I use it all day, what do you care, right? I was a software engineer. My company was a very sensitive company, although it used to trade in the energy sector and there were a lot of confidentiality in the US government projects that you will work with us even after office, you will not share our data, all these are legitimate things, but software engineering is a universal skill. Now I enhanced it in the company that how to actually implement it like I learned it in college and I implemented it in the company that how to take the requirements of big software how to do it in sprint, release in the team what is production etc. I did the same skill for my clients after 5 o'clock that I will make a software for you of industry level I have learned the work, I know the work and I will work for you at night and I will make a top-notch software for you So is it wrong? From the point of view of the company, it is not wrong until you have shared their critical data Right, so it's all about the point of view that how you are doing it so that every party has a win-win situation and nothing goes wrong In that case, 100% you can do freelancing while working in an MNC Now, those who are freelancing in an MNC or those who are going to do it or those who are already worried I want to give some very important suggestions for them because I have noticed it myself and I want you to understand it first so that you can connect at the right time and get away from things. You won't get worried in the future. Working in MNC is a very difficult task in itself. All of you know this. If you do freelancing with it, then by God, this is another lifestyle. This lifestyle is also called a hustle lifestyle. Now, in this lifestyle, you will definitely go through three stages. I have gone through those three stages. And I have also noticed that my friends are going through the same stages. So these are the three prominent stages. The first stage is the starting stage. Now, as a young boy, you are working in an MNC, you are doing a job as a website developer, okay? Suddenly, a client, I mean in the starting, an unknown user message comes that I saw your profile and I think you are a website designer. Can you make this website for me? I will pay you so much for this. So, you will take the project in the starting, right? Because in the starting days, there is not much work in MNC, right? You think that I am sitting empty from 9 to 5 mostly. I will take one, I will get extra money. Now this fuel up your excitement level that I am getting fixed amount of money in this job I am getting this much money from the side, so why should I leave them By doing this, you will start doing it and after 3-4 months when there will be so much pressure in job in MNC Now your freelancing work will also start growing So the second stage will be your growth stage What will happen in this stage, you will start getting pressure You are already doing the work, okay And in freelancing, you have made a good impression that people come to you for work. You are doing 3-4 projects easily for a month. Big money is coming from there, big money is coming from the job. Now you need both things, you can't leave both things. Now pressure will start to be created here. Pressure was created in this way with me in this way. Sometimes there is a difference in my job work that I am working in freelancing at the time of job. Sometimes I am doing job work during freelancing. So in this way, the pressure will start to build up. The first stage was the starting stage and the second stage was the growth stage. The most difficult stage is the growth stage. In this stage, I took a decision that I will not do all the work and hire a person I will make him do some work so my work will be less. This gave me a taste of business. I stopped doing some work. I used to focus more on getting work and used to make him do more work. And my job was going on. So, my income had grown exponentially, suddenly. My salary had increased, but my income had increased a lot. My income had increased 3-4 times my salary. In that, I was already paying out to a person. So, this happened with me. At this stage, you will have to take a decision that you have to do freelancing. You have to keep a limit. 8 hours means 8 hours of side client work. 8 hours means 8 hours of your job work. No interference and no personal life. this will happen because you are working for 5 days so I know that you will work for freelancing on Saturday and Sunday because it happens, our work goes on for 7 days so this was the second stage now the third stage is the most important final stage that is your income target stage I named it income target because at this stage you start having a relation that I am not stopping myself at the wrong place that I am not able to focus on my job and you are not able to do anything to your freelancing clients but in my case, legal terms also came in I told you, it's been 12 months, it's been a year since I started working so I came to that stage that now my income from freelancing already I had two people under me at that time I was getting work done from two people so you can understand that I gave that one person to two people so how much more work I was getting my work was to monitor them in extra time and doing my job in the day time so at this time it happened that I got 4-5 times more income than my job and my knownness was that so I consulted that the company is giving me tax I have to pay tax for this money also he said yes you have to pay tax, your tax slab has been breached now who likes to pay tax for freelancing as a freelancer you comment and tell me, will you pay the tax for freelancing, you won't right so at this time I took some more time I saw it is going on, income is coming from two places So let's do it, but at one time it was realized that now I will have to give a call. Either I do it well or I do it well. And I saw the job, I gave the job for a year. My salary was the same, my work was increasing in that job. Although there was to be an increment after a year, but I had a question that how much can my increment be maximum? Maximum, I am telling you, the company has an increment of 30%. Now I want to tell you what is the increment of 30% on a low salary, 3-4 thousand rupees, right? and I was earning 3x of that salary so I had to take a call to leave the job and do the freelancing in a full blown way but there was a catch in this too, I don't know about freelancing although I have never gone to zero amount of business in the last 2-3 years that I earned zero money in a month from freelancing or business, it never happened so this fear remains that what if it suddenly stops but I took that call, then left that job, then grew it full time you are on a good level, but you are not able to earn that much because in a stagnant job, earning is stagnant in freelancing, it's exponential if you have a good sales skill, you can close a sale in 4-5 days and you can earn a lot more than your salary so these 3 stages will definitely come in your life you are doing freelancing, you are going to do it or you are worried if you are worried, then take time, take a decision see and realize things and how many dependencies are there, what are the finances, take decisions on the basis of all this. Or then continue. Because this is India boss, what happens with one thing here. Nowadays people are talking about passive income, multiple streams of income. So to explore all these things, we will have to do all these things. Now I did freelancing with a job, now I made it a business. Now I can think about doing some more business with business. So this is how this passive income thing works. So I hope you liked this video and you have gathered some information from this video. For channel support, subscribe and if you liked the video, then like it. So stay tuned, bye-bye.