Entrepreneurship or Office job?

[Swordsoffreedom]

The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?

I often hear people say, Employees spend according to their income, but entrepreneurs earn by realizing expenses.

However, I agree with you, In the current economic recession, the upward movement of commodities and the increase in oil prices have had an impact at all levels. The standard of living of those who are salaried officers of certain grades has become really miserable. If there are no capable consumers, then who will buy the products of entrepreneurs?

But yes, in the current economic downturn, I will give more importance to entrepreneurship than jobs, because if educated people become entrepreneurs instead of running after jobs, then the problem of unemployment will be removed and the sector in which they will become entrepreneurs will be greatly improved.

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[TimeTeller]

I would prefer to be an entreprenuer rather than being an employee. If you're a real entreprenuer, you will not just give up easily just because your sales went down. Though it really became more difficult to manage a business because of inflstion rate, there are still some ways for a business to surivive. There are some people I know that closed their business establishment because of the pandemic but became more popular and earmed more profit when they promote their product on social media.

Being an employee is only good if your salary increases over the years because of your expertise in that particular field.

It depends on the capability of the person himself. Some are just happy being an employee.
But if you have other goals in life, and you have passion to set-up your own business, why not?
You own your time and you are working for yourself. You can't easily give up because that's your business itself.
In every business, there are ups and downs, so you should not give up easily if you want to survive.
Later on, you will thank yourself for not backing down. At the end of the day, just follow what your heart desires.

[Mahanton]

The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?

As if you do have another choice? For sure you would be sticking on that 8-5 job of yours even though it isnt really something enough to live a comfortable life considering the inflation and skyrocketing price of
needs then you would really be having that struggle thats why you would really be still that dedicated on continuing and what are  the things needed to move forward? If you do still have the time
and vacant to extent out on some business or other jobs for another source of income then do it because if you do really plan to have at least that improved lifestyle
and survive in daily living then it would really be normal to have these considerations in mind.

[uneng]

At this point, to say the truth I'm opened to any opportunities disponible doesn't matter if I'm going to be the boss or the employee. The important is to have work to do and an income to earn.

Entrepreneurship looks great, but if you don't have a large network of contacts and relationships or if you are an introspective person it becomes quite difficult to thrive.

Moreover the responsabilities of being a boss are bigger than when being an employee, so you have to calculate if the money you are making worth the function you have to execute on the business.

Sometimes an employee from a influent company earns more than a solitary entrepreneur working by himself, but who has to carry the whole business on his back...

[Captain Corporate]

I like doing new things but I like working for my boss as well, there is no reason why you shouldn't be doing both of them together. I do not have the time to do any new business startups right now, I do have a few ideas but I rather not do anything for the time being, I barely get enough time to sleep for the past year anyway because of personal reasons, family and health kind of stuff. But hopefully, in the future I will work proper time, and do not have my free time taken by emergencies and troubles, in that world I would definitely work and earn a salary, and use the other time to build a small business that I would be proud of, an online one of course.

[jackg]

What do you think is the way forward?

Hopefully a world where more people work from home, more people are forced out to pick up hobbies they enjoy and more people being able to meet others that are more similar to.them compared with what they might get at office jobs (a selection of people that might lack the same motivation in a lot of areas).

Realistically I hope people gain a lot from not having their own commute, expand out into different hobbies and use those to pay for things and supplement or replace their income longer term (if possible).

There's an abundance of financial advisors telling people to diversify into other assets and companies actively trying to stop people from diversify their roles or working for competition or even any other company/job - if this decreases as it should since populations get more intelligent year on year and also have resources like the Internet then we should see more and more people taking on multiple part time placements imo as apposed to taking on just one full time job that sucks all.tbeir energy and motivation (in the worst cases).

[dunfida]

I like doing new things but I like working for my boss as well, there is no reason why you shouldn't be doing both of them together. I do not have the time to do any new business startups right now, I do have a few ideas but I rather not do anything for the time being, I barely get enough time to sleep for the past year anyway because of personal reasons, family and health kind of stuff. But hopefully, in the future I will work proper time, and do not have my free time taken by emergencies and troubles, in that world I would definitely work and earn a salary, and use the other time to build a small business that I would be proud of, an online one of course.

Due to needs and necessity which it do really takes the chance or opportunity for us to invest because we are just earning sufficient just for those needs thats why investing is on least priority but there are people

who do really love their current jobs on which they arent tending to look for another venture because time would really be sacrificed on that which means everything would turn out to be non-balanced.

Yes, you do have the money but the time and health would get compromised then it would really be still useless i would say, so make up a decision which you do seem that first out for you.

[mm2543363580]

The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?

For many people, most people infact, it is not always an option to become an entrepreneur because sometimes a full time job can take up most of your available time along with commuting. Many entrepreneurs start young and have the ability to withstand multiple failures as they learn what works for them, but it really helps to have a supportive environment growing up. It can be much easier to start if you have family who might give you a little bit of seed money, you have free time and you have the resources (even just access to internet) that many people take for granted in more developed countries. Some youngsters in different countries are already doing different types of work by the age of 10 or even earlier, to help the family survive.

I did office job for  approx 16 years of. my life ....
and at the end what did I get in return - I got no saving nothing at all - and I spent the best and youthful days of my life working for other.
and now I have started my own small business - but I m not sure what I am going to do now.

[hatshepsut93]

You are putting it as if these are the only two types of occupations in the world, and there's no other ways to make money. What about doctors, police officers, military servicemen, freelancers. engineers and countless other professions?

Everyone should figure out what works for them. And it's not only about earning money, it's also about being sustainable. It's better to earn less while doing something that you like, rather than earning a lot but doing something that you hate.

[Silberman]

The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?

To me the answer is clear, if you have the opportunity you need to try to be your own boss, an office job may seem like a good option as it gives you a stable income, but never forget that your employer does not have you there for charity, if they pay you a certain amount of money you can be sure that you are producing more value than what you are being paid, and if you were your own boss your salary would be higher, so if you can you need to try to be independent so you can raise your standards of living and the money you earn.

[Zlantann]

Everyone should figure out what works for them. And it's not only about earning money, it's also about being sustainable. It's better to earn less while doing something that you like, rather than earning a lot but doing something that you hate.

Although the global economic meltdown have made most people to focus on survival but life is too short to waste on jobs that gives one less satisfaction. People must note that the most important thing in life is our basic needs and not other luxurious lifestyle. If you derive satisfaction from teaching and you are not earning enough to sustain your family, instead of dumping the proffession for another one because of higher pay, seek for other sources of income, cut your expenses, upgrade your qualifications or change the school if possible. My main point is that don't be moved by financial rewards, let the fulfilment you derive from doing a particular task be your upmost motivation.

[lovesmayfamilis]

Being an entrepreneur is not an easy thing. Once a person turns to be an entrepreneur he'll not think of being into office job. At times there will be hard situations, but the entrepreneurial mind won't go down. They try to withstand the situation with earnings from the past. They knew today they might be in loss, but through entrepreneurship surely tomorrow we can make money, if we work hard on it. So, my choice will be entrepreneurship than office job.

I agree. I can't imagine how you can be an entrepreneur and serve another boss at the same time. Is it possible to combine one with the other, even purely psychologically? The one who decides to free himself and start his own business is already on a higher level than the one who serves another uncle. Yes, it's hard, but it's always better. Finding a business that will have a minimum of competitors and have unique products that are in demand will always be more profitable. The only thing you need to prepare for this is to be very consciously prepared in advance for various kinds of failures.

[Negioltani]

Personally, I prefer to start my own business, not only to achieve economic freedom, but more importantly to realize the value of life. But starting a business is not blind, must have a clear direction and planning, sufficient funds. At the meantime, be prepared for setbacks and failures.

[bakasabo]

Being an entrepreneur is not an easy thing. Once a person turns to be an entrepreneur he'll not think of being into office job. At times there will be hard situations, but the entrepreneurial mind won't go down. They try to withstand the situation with earnings from the past. They knew today they might be in loss, but through entrepreneurship surely tomorrow we can make money, if we work hard on it. So, my choice will be entrepreneurship than office job.

I can't imagine how you can be an entrepreneur and serve another boss at the same time.

A friend of mine is combining his work in office (bank employee) and running a clothes shop (he hires two persons). He managed to perfectly do his office job, and as an boss or entrepreneur solve technical issues by phone. Every week he orders his shop supply online, during lunch time visits post office or delivery guy to collect "a big box of goods", after his primary work he drives to his shop to iron/hang/do other things. He managed to run all bookkeeping records on weekends. And even though shop gives him more profit than office work, he still chooses both of them.

[yhiaali3]

Personally, I prefer to be a boss myself and not work under anyone's supervision, although it is sometimes difficult to work on your own, but this option remains the best for me, especially since I tried to work as a subordinate for some time. Working alone provides you with freedom and protects you from the harassment of the bosses who are Most of the time, they are harsh and hard-tempered. In addition, it gives you the freedom to make the decisions you see fit as needed, you know when to start and when to stop.

[lienfaye]

What do you think is the way forward?

I have a cellphone repair and accessories business, my brother in law is the technician and I hired another employee to help in sales. We're also affected of the economic crisis and the past pandemic that happened but we managed to survive and able to move on. On the other side I have a day job and I dont consider quitting because I love my position and thats important that you like what you do to not feel the burden of being employed.

In my experience being an entrepreneur for years while having a day job, if you can do both that would be even better. Of course its not easy and stressful at times but its worth it especially if you see the outcome of your hardwork.

[NotATether]

From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation.

Once again, the old adage "Winners never quit. Quitters never win." comes in full swing.

Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living.

Well, it's their situtation and they chose for themselves an office job, so they have to find a way to solve their predicament. We can't do anything for them.

What do you think is the way forward?

You make a [financial] plan, follow the plan, and never deviate from the plan except under exceptional circumstances, and when you do deviate from the plan, you do so rigidly - no wishy-wishy back-and-forwards, it must be a straight and well-meaning derivation.

[Ucy]

You should be matured and responsible enough to run your own business otherwise better to be under somebody or work in already made businesses. You are either the head in a business or someone/people should be telling you what to do. I actually prefer the former, not because of pride but due my GOD-given ability as a guide or head. If you have thesame ability then have it developed and find a suitable business to do and possibly employ others to work under you.

[Cryptomultiplier]

At a certain time in my life, I asked myself this question and researched the pros and cons of sticking to either entrepreneurship or an office job. I had been nursing my creative ability to fend for myself and my family as an entrepreneur until an opportunity presented itself in which I had to experience what an office job feels like.
I must say that the difference is individually based on if one is humble enough to endure the challenges both present. As an entrepreneur, you lead, whereas for the other you follow. The economic precedence of these current times only accentuates the need to hone and explore other income streams, because both
don't guarantee monetary success. You have to count the gains you stand to enjoy without the pay!

[Wexnident]

You'd probably have to start up with an office job or something similar at the start if you wanted to start up a business. You can look for investors but it'd probably be rather difficult again without anything to show for it. I'd go for starting your own business if you can. The difficulties you'd have with the latter are vastly different from the former though since you're also taking into account workers you'd hire and the future actions you're business is going to take.

Honestly, if you're not fit for the two, I'd try looking for freelancing opportunities if what you like doing aligns with it.