A career - as an employee or a business owner which do you prefer and why?

[Lida93]

In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business.

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually.

Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone 

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company  and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

Let's begin!

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[boyptc]

I'll choose to be a business owner because I'm thinking of that I can help genuinely those that deserves it and are hardworking. So, it's a give and take situation for me and those that I will employ if ever I'll have a big business.

I'm planning to have one but sometimes it's making me think if I can make it. I'm not afraid of risks but I'm afraid of failure but also, it's making me realize that I can just restart if the business I started has failed and just go back to employment.

[Oshosondy]

This is what I have known about people regarding business, they all prefer to be self-employed, they all wish to have their own successful business, but many do not have the capital to start. If they have gotten the capital they need by being an employee, they will start their own business, but not everyone has that capability.

[jackg]

There's likely a distinction to being employed and directing how compa ies work too. There's a lot of ways in the tech market that means well paid consultancy roles are generally available if you search well for them and have a decent amount of employment/technology experience in that sector taking little or no financial risk to get there.

Traditional companies are expensive to start but also oversaturated and with too much competition. Most software development firms also have low overheads and high margins too which seems to make them look like less of a risk (the main cost would be finding an audience).

[bakasabo]

This topic looks very identical to Do you like commission job or salary base job?, which was created earlier and already has 8 pages of discussion. I am sure we wont find anything new here, because everything is discussed there 100 times.

[cheezcarls]

This reminds me of Robert Kiyosaki’s “Rich Dad Poor Dad” book in which there are 4 quadrants namely:

Employee -> Self-employed -> Business -> Investor

As an employee, it is where you have some sort of sustainability in your income but will not let you grow more further. This is why financial literacy is needed if you wanted to reach your goals. Your goal is to have more income than expenses.

Before you jump into business, it’s important that you know how to handle your money well and not spending it on useless stuff as you are still living within your means.

I am currently self-employed and am enjoying it actually, in which I can grow my income by performing more gigs. But of course, it consumes me time and I wanted to have passive income one day with just spending lesser time.

Having a traditional business isn’t what I am looking forward to, but it could give us some continuous residual income if we continue to have more customers who are happy with our products and services and kept coming back and order.

[Adbitco]

Just as you have already say it all.
Specifically to me i don't like working in office or with government/company why because they are time consumers i would rather have a self business where i can manage and nurture it till it's totally established than working under people with low salary, time consumption, no life insurance and pension after retirements, this is commonly with my country. Working under people makes you don't have pretty cool time with your family and based on my concerned family is everything to me.
You know, what you just did now is like saying; As a student would you like to become a lecturer, Yes there are those who have skills and passion for teaching because it's not meant for everyone out there. An impatient person can't be a teacher why because he don't want what could delay his time and career. So it is to those who don't have time to start building their businesses because they always wants what could give them instant money to take sort out their needs and take good care of their family's likewise to some people, they don't always have the time to consumed by another's person works/business rather they prefer wanting to invest time in their personal business and grow it up and then employ people to work for them while they take good care of their families.

[xSkylarx]

In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business.

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually.

Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone 

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company  and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

Let's begin!

If all people wanted to be business owners, then no business would be successful because there would be no employees operating the business; that's how the world works. Unless you asked someone who has no work and is desperate for money, anyone of us would honestly answer "business owner." People want to be the bosses of their own companies, and I do as well, but the problem is that I can't start a business because I lack the necessary knowledge and capital. Business owner is really my answer, but if I look at my situation now, I will just end up as an employee, but if ever I have a chance to grab the opportunity to start a business, why not?

[gantez]

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax.

Two things can be involved with this kind of people who did not go for business and worked for people as employees and make enviable climax like you said. It can be that they have a business by the side managed by someone else far from their work that you know about. They can be in online business and doing paid job of leaving the house in the morning and returning back at night. The second opinion is they working with government and stealing public money to reach that climax.

[isaac_clarke22]

~

You got to start somewhere, right?  Not everyone can just be "poof, I can now invest all these pennies for my business and I am 200% sure that it will take off.". I would prefer starting out as an employee and save all those money to build my own business and become my own boss.

Let's say I work as a software developer. I would work under a company for a couple of years while giving myself a time to build my own software company that hopefully will take off one day. From this I can still be in the safe side in case my business did not work out. You gotta still survive, you know.

[Reid]

I have neither a goal of being a businessman nor a CEO. But I like to lead in a company. I honestly love it. So that goes on the employee position too.
Interacting with your people, I call them all friends even though I supervise them. I drink with them, go out with them, and hear their stories.
I think that's me, to hear stories of people, to listen.
But if there will be an opportunity to be a business owner, (capital needed) I'd like to be in the food industry. Serve people, give a smile using their tastebuds, again, listen to them if ever there's something wrong with the food.

[albon]

I prefer to be a business owner and of course, I would be better than being an employee, for several reasons, including that I will receive a salary greater than being an employee, and this business will be in the field of my practical experience and I can be creative in it. I will have the leadership in making decisions, appointing employees, and determining their salaries without anyone imposing their opinion or decision on me. I believe that any employee wants to be a business owner, not just me, but he must have the capital to start, sufficient experience, and a feasibility study for the business that he will do. It is not easy at first, but with diligence and the profits of each of us’s investments in cryptocurrencies, we can achieve this.

[Jody.Drummer]

It seems that for now there are a lot of threads making comparisons like this because if I'm not mistaken there are several threads that have almost the same content about this comparison for example.
Entrepreneurship or Office job?
Lay off vs Pay cut
Will you further your degree from school, or learn a new skill after college?
Entrepreneurs vs Solopreneurs

In this case it is not wrong to make and compare so that we can choose what is good for us and what is not.
But in other ways we also have to realize whether we are capable of making this into our potential. Doing business is indeed something that is quite good but not everyone can do business properly and sometimes this is what gets them down when we fail. indeed in this case trying is better than never trying at all but on the other hand we also know that sometimes there are times when we have to know the potential that exists within ourselves so that in that way we are also aware of the abilities we have.

[avikz]

Why not both? Why we need to choose one? I believe in harnessing the power of both and I am doing it. I have a full-time day job and I do have a business where I have employed two people who runs the business for me.

Back in 2016, I had only one source of income from a job and I suddenly lost it on  November 2016. That's the turning point of my life where I had started building up my business. Now in 2022, it gives me more income than my day job. But I never thought of leaving my job because I am addicted to a monthly payment called salary.

In the era of digitization, it's super easy to have a job and simultaneously run a business. The only investment is your time!  

[posi]

I firmly believe that no one wants to be an employee, all want to be their own boss. However, there is a big difference between wanting to do something and actually doing it. Being the boss requires you to have initial capital as well as business experience to get started, and not everyone has that. So many people will choose to be employees before becoming their own owners. But there are also some people who will accept being an employee because they can't stand the pressure of being a boss.

[Zaguru12]

Both an employee or business owner comes with its advantages and disadvantages

As an employee you are limited to loss that affects the company/business because you are on fixed salary or wages, your havc the time span to work and when not to. But its major con is the lack of ability to grow your own self.

As for business owners every body aims at because they feel it gives avenue for growth and being your own boss which is actually right but these comes with its responsibilities, the most common one is the risk of loss incurred by the business. This is being bared by the owner only.
Another thing is the ability to establish or build a successful team which comes in handy if one lacks the ability of a leader. The time span for a business owner isn't specified as some tends to work more hours than there employees.

[Ever-young]

Their is no bad thing working under under a person, no matter how small, tight or hectic the person you are working under seems to be, you will definitely learn something which can be a added knowledge to your field and as well regarded as an experience. When all the Knowledge you have learned and acquired are combined together you will come up with a perfect idea to open up and manage a successful business that you can run smoothly. Going into a business without working under experience people to me can be more stressful.

[Doan9269]

If you're to continue with asking this question several times you're likely to keep getting the same and similar response from people over time, the truth is that everyone want to be an employer and not an employee, if you consider well what people encounters with being employed inder someone, you will understand what it means because they are not just satisfied with that kind of work nature, the challenges with being under an employer could be so demanding that one wouldn't got enough timebto self discovery of his own potentials in starting his own business.

[EarnOnVictor]

I prefer a career as a business owner. The reason for my choice is that I don't have any need to be bossed by anyone when I have the choice to choose between the two.

Personally, I don't believe anyone could want to serve others rather than being served, but the constraint they often have is the needed resources to kickstart and run their own business. If that is taken care of, then it might be an unwise idea for anyone to be under anyone when they have the opportunity to be their own boss.

[MoonOfLife]

Of course everyone will choose to be the boss and so do I, no one wants to be ordered by others or have to obey someone. But we won't be able to decide that depending on our circumstances. If we are fresh graduates, we cannot become business owners but have to work as hired laborers or were born in a difficult family, then becoming a boss will be our dream, but first of all we need to go to work.