Entrepreneurship or Office job?

[Anonylz]

Starting up a business is not easy otherwise many people would be their own boss by now, for business to grow, established and successful, you need to dedicate a lot of time, effort and money.

As a worker with very little income it will be hard to start up a business with what you earn, taking a loan from the bank is risky but with determination you can succeed otherwise you will be in serious debt.

Job's are different, there are Job's with very high income that can support a high standard of living and don't require any additional source of income. Such are not for everyone. However, as a low income earner it will be better to have both although it is not an easy ride.

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[Smartprofit]

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?

In my opinion, in the current economic situation, it is advisable to combine entrepreneurship and employment. 

Both of these income generation options have their advantages and disadvantages.  Entrepreneurship allows (in theory) to have an unlimited income.  At the same time, taking into account the current economic situation, it is advisable to abandon all unnecessary expenses (for example, a physical office). 

Everything should be directed solely to making a profit.  Employment is a constant and stable cash flow. 

At the same time, the employer most likely will not index your wages for inflation.

[Smack That Ace]

Honestly, I believe that everyone is wanting to do this, but in reality, it is not possible. How can you manage your business when you have to work at least 8 hours/day at the office, how can you handle all the work.

We can sacrifice our time to solve the work but it is very difficult to ensure a smooth completion of the work. We should focus on one thing at a time, then we can use our full strength to bring out our full potential.

There are still 16 hours left in a day to manage own business Some people require only 5-8 hours of sleep. Plenty of time to left for own business. As it is an own business, you can set working hours yourself, no one forces you to work full 8h shift. Work 2-3 hours and free to go. Having an office and own business is possible, just dont expect huge incomes from own business. A lot depends from what kind of own business you like to start. Giving private consultations require much less time compared if you want to work as a mechanic and be shifting gear oriented. Yet still a lot depends from experience.

This is what I am thinking at the moment. It is true that there are 16 hours left in a day, for a startup, sleeping less than 6 hours a day is understandable. But the problem will depend on your business, what field you are in and what products you are dealing in.  As most of us know business will often fall during office hours instead of other time frames. If your business operates at night and it doesn't coincide with your office work then of course it doesn't matter.

[passwordnow]

Starting up a business is not easy otherwise many people would be their own boss by now, for business to grow, established and successful, you need to dedicate a lot of time, effort and money.

Those are just the basic things that someone who's going to enter a business shall have. There are successful businessmen that are still working their ass with many endeavors and won't settle with just one business. It's because they understand that not until their businesses are established, do they need to look for other sources that will make them satisfied to earn as much as they can. But as they start, it's understandable that they need to be open-minded with any possible result.

[Kelvinid]

If we will seek a piece of advice from entrepreneurs or from businessmen, we certainly are hearing to run a business by doing like them. But if you are asking for an opinion from workers/employers, to get a job is what you hear. In this case, we better not ask anymore but rather think deeply and decide on our own. Of course, we think about the future, not just today or tomorrow but it gonna be many years from now.

If we want to become rich - be an entrepreneur
But if we want to take no risk - then be an employee until we still have the strength to work

[arwin100]

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?

Why not select both? You can find a job and try to earn some passive income there while you are starting up your business because if you think about your future then doing this will be more ideal to you. Since if you only make your business as your bread and butter then this one fail then for sure you will be broke. So select what's best and leave only your job if you see your business growing or been successful already.

[CryptocurencyKing]

Definitely an entrepreneur for me. How do you even compare that?
Working under someone could be so stressful and pathetic. You don't even get paid what you deserve but, 10-20 percent of what you generate on the whole and you get to go through all the stress. Not to mention that in my part of the world, there are times so outside work hours when your employer gets to call you at an ungodly hour to carry out a task for which, your likely not going to receive incentives for. You just get your usual pay cheque and you don't dare argue about it.

If you've gone through this, you would definitely want to be your own boss but, it comes with a lot of discipline not to play or shy over work hours, to distance yourself from company funds and be sure to manage others squarely.

[doomloop]

Everyone wants to be their own boss because no-one likes taking orders from someone senior - normal human nature, and that is why such contexts come into play.
One must remember that being an entrepreneur is not a cakewalk and neither is it possible by any common man. One may dream of being one but in reality people get squeezed out of that in short time periods.

So have that mindset but don't try to gamble your life and savings on such an idea. The few people whom you see as successful in such startups and all are only a small fraction of the actually huge number.

Don't be angry on your current job, who knows what life may have in store for you. For those who are in studying phase, try to get into a job that you enjoy, don't go in for the money right away.

Making your own business may not be easy, but at the very least you are in control and you decide what you should do, and if you fail at least you know that you failed yourself and not because of anyone else. Whereas, when you are working for someone else, you see all these wrong things going on, and you keep on thinking that you should be in charge because you would do it a better way.

On top of that, they pay you just peanuts compared to what you earn them, and they will keep on making sure that they are the ones who gets the profit first. While they are in shopping spree at Milano, you will be having hard time paying your debts off. Hence, having your own is hard work, harder than working for someone else, but it's much better when it comes to getting paid.

[Silberman]

On top of that, they pay you just peanuts compared to what you earn them, and they will keep on making sure that they are the ones who gets the profit first. While they are in shopping spree at Milano, you will be having hard time paying your debts off. Hence, having your own is hard work, harder than working for someone else, but it's much better when it comes to getting paid.

The one thing i have learnt in past years of my work experience is that.
Job is not going to bring you to anything. It brings in money at the end of the month. But it does not bring in any thing else. You job is a phone call and an email away. so be careful - you can lose job anytime . .

Decades ago you could expect to work in a single company for your entire life so there was a sense of belonging to that company, but now that is not the case, we know that we can be fired at any moment and as such there is no loyalty to any company, it is because of this that is important to try to become your own boss, we all know that this is something difficult to do but if you are able to do it then you're probably never have to worry about losing your source of income because of the decision of someone else.

[amishmanish]

For me it's entrepreneurship for sure.with the current rates of inflation I think office jobs are not going to pay much in future. We need to sow are own wheat rather than working in someone else's field. With the kind of global dynamic environment for entrepreneurship now, I think there is nothing better than putting our ideas in action.. so for me yes it's entrepreneurship and Bitcoin of course...

[iv4n]

What do you think is the way forward?

There is no answer to this question that works for all! Each of us is different... different characters, set of skills, possibilities, environment, etc.! Everyone should look at themselves and their situation, and make a decision based on that what is best and which way to go!

After all, why not do both in the beginning?! Aside from office jobs, many people look for some additional sources of income... if that additional thing you do starts bringing higher profit than an office job, and you see there's an opportunity to develop it even more if you dedicate more time to it, you should go for it!

[xSkylarx]

For me it's entrepreneurship for sure.with the current rates of inflation I think office jobs are not going to pay much in future. We need to sow are own wheat rather than working in someone else's field. With the kind of global dynamic environment for entrepreneurship now, I think there is nothing better than putting our ideas in action.. so for me yes it's entrepreneurship and Bitcoin of course...

It still depends on the salary of an individual and which field he is working. Some people are contented with their jobs because their field of work provides them a salary that is more than enough that they are able to make investments.

I do agree that entrepreneurship will give people more money especially if you are a minimum-wage earner but being a successful entrepreneur is not easy to achieve because we don't know if the product or business that we are going to establish will become popular and will last for many years.

[Oasisman]

For me it's entrepreneurship for sure.with the current rates of inflation I think office jobs are not going to pay much in future. We need to sow are own wheat rather than working in someone else's field. With the kind of global dynamic environment for entrepreneurship now, I think there is nothing better than putting our ideas in action.. so for me yes it's entrepreneurship and Bitcoin of course...

It's always been entrepreneurship. Jobs is most of the time not gonna make you rich.
But not everyone knows how to handle their own business are only dependent on working for the others or having boss.
IMO, working for your boss ain't really that bad in terms of income as long as you're in the sales department which will make you earn commissions and incentives. Being in the office will only have a limited amount of income most of the time.

[coupable]

For me it's entrepreneurship for sure.with the current rates of inflation I think office jobs are not going to pay much in future. We need to sow are own wheat rather than working in someone else's field. With the kind of global dynamic environment for entrepreneurship now, I think there is nothing better than putting our ideas in action.. so for me yes it's entrepreneurship and Bitcoin of course...

It's always been entrepreneurship. Jobs is most of the time not gonna make you rich.
But not everyone knows how to handle their own business are only dependent on working for the others or having boss.
IMO, working for your boss ain't really that bad in terms of income as long as you're in the sales department which will make you earn commissions and incentives. Being in the office will only have a limited amount of income most of the time.

The psychological comfort provided by office occupancy or even rent work to perform small tasks cannot be compared with the psychological exhaustion that the project owner is exposed to. Although I am convinced that self-employment offers a better life than a desk job, I cannot advise anyone to give up their permanent job and start their own business.
It can be said that this depends on the psychological makeup of each person and his willingness to take risks. This will be at the expense of his time and mental abilities .

[freedomgo]

what is certain is that you and I must be able to adapt after the covid pandemic and the global crisis that hit the world. life is a choice, as well as a matter of work and ways to survive, there are people who choose to become office workers, there are many who choose to open their own business or self-employment. but there are also those who want to be free by choosing to be freelance.

whatever the choice is to become a worker or choose a business, everything has risks, profits and losses are the responsibility of each, regardless of the economic crisis that is the problem. everything has to run as usual, I still choose to work as my main income, the rest I can do activities to find additional income.

There is no reason to quit from jobs, or to quit from one's own business because the economic situation is giving us a hard time to cope with it. There are even much more reasons to try harder and work harder so we can overcome the outbreak and sustain all our family's necessities as they cannot be simply ignored. If we can continue being employed, at the same time working on our own business idea, i guess that will be great and will be very helpful not to feel the inflation that the world is throwing on us right now.

[Fortify]

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?

It can actually be quite sensible for most people to settle into an "office" or other white/blue collar job because quite simply, most people aren't cut out to be an entrepreneur. That is not intended as an insult, more as an observation that it is not the fun lifestyle that you might see portrayed in certain movies - it requires sustaining your living costs, juggling all aspects of a business (admin, finances, support, producing products and services, etc) and can be highly stressful for a long time before it actually becomes profitable, if it ever does. Most people are quite content with letting other people direct, organize and manage the logistics involved. Then can then walk away with a paycheck and if they wanted, invest that in small chunks of a company in the form of stock market shares.

[Agbe]

A business class and a business seminar which I have attended identify three (3) quatrans, which is also known as the three elements of job in one life. These elements are: E, S and I. The E stands for Employment: almost every graduate from university or any tertiary institutions want to be employed and secured a well paid job from the government. Now if you are finally employed by the government and you have been paid by $500 monthly. Through this $500 you will pay your bills, school fees of children, buy clothes, buy fuel for generator, gas for car, maintain you wife and others in the family and at the end of two to three weeks the salary has been exhausted. And I may say 90% of the graduates are in this category. While the S stand for Self-employed. Out of the remaining 10%, 5% is in this category. The owners of the business also pay tax, and other bills as the E. but the income of the S is irregular so it is more preferable. Then the I stands for Investment, In investment you are making income invisible so there is no taxation in it. Therefore, above all, Investment is the best option for the three elements. Entrepreneur is good but investment is better.

[Viscore]

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?

Maybe it is a difficult decision to keep running our own business or remain an office worker because it depends on how we feel about it. If we are a businessman, we must try to find innovations or creative ideas that can develop our business or look for other business opportunities so that our business can become bigger. Meanwhile, if we are office workers, maybe we need another job besides being an office worker so that it can help us to earn extra money. Many of my friends are office workers but they also have side businesses and even the results they get are greater than what they make as office workers. Maybe we have to be observant to be able to take advantage of the opportunities available around us so that we can develop the potential we have.

If we always keep doing what we used to do, then we will never see improvements after all. The best thing to do is never settle for anything less, always get out from your comfort zone and explore better opportunities that will help you get out from your current financial status. Although it does not mean leaving your day job completely as it would be somewhat risky, but always make sure to engage in side businesses that are proven effective because its highly in demand. That way, you don't have to choose whether to stick to your office job or shift to entrepreneurship.

[dothebeats]

I'd certainly take some money on an office job first before I dive into entrepreneurship. A lot of millionaires are advocating for entrepreneurship because let's be honest, these guys didn't make their millions by working a 9-5 job, but some of them certainly came from that route before entering the world of entrepreneurship. Personally I'd choose selling some stuff to other people and make a profit off of it if I didn't get some promotions on my job. The freedom and the knowledge alone that you'll gain in setting up your business is already worth the risk.

[Xeon]

I don't want to be stuck in the office with bunch of paperwork and stressful environment. Why not go and try to be on the sales department (field), you're not only earning an hourly rate, it would give you commissions and incentives as well. Most of the time commission+incentives are way higher than your daily salary. Though it is still stressful when you have a boss.
Therefore, entrepreneurship is the way to move forward, because it is you as the boss and will possibly get unlimited income.

If you want to build a company, I guarantee you that you will be stuck in an office with a bunch of papers, or at least in your house in front of a PC and you would read and agree on a bunch of things. Nobody that grew big, became big without reading and signing bunch of papers, you gotta do that for it to make sense. Of course, you could grow to a regular size, but nothing major and it would not be a big deal in the long run at all.

I believe that entrepreneurship became easier thanks to digital world, but that’s still valid only to a point, when you grow too big, like enough to make sure that your living comes from there and it is not a side income anymore, then you need an office and papers.