Earning salary or owning a business which is better

[Johnlomape]

There is nothing compared to being free and by that I mean doing what you want when you want without being told what to do...as a salary earner you are under a lot of conditions set by your superiors, they can tell you to work from 9 to 5 daily but as for people who run a business you can easily do different things at the same time..it's obvious that running a business Is better but it is not easy to get is started, it takes a lot of time and capital

There is no doubt that owning a business is the best, but in terms of time management, because it’s your business, doesn’t mean you will not be punctual to work. Especially when you are in the startup stage, you will need to put in a whole lot of work to make sure that you retain your newly attracted customers. There is a lot to be done and handled, unless you have a helping hand in your business, which before you get to that stage, takes a lot of processes and stages.

Owning a business will make you to be more conscious with time so that you can meet up with the demands of your customers, you will become more serious than when you are working for someone else and you will try to meet up with the things that will attract your customers and bring them to patronize you so that you can be making money for your self, a new business doesn't need the helping hands of others because no one will handle your business to Ike you do so the first thing is to give your business your time, attention to make it stand before you think of having a representative.

I prefer owning a business and I know that this might not be as easy as we think but it is better than working for a boss in the office without having personal time for yourself and your family. Being an entrepreneur can be very profitable to you if you have business you are doing even though you have a boss that you are working with, this can help to earn more without becoming too dependent on the work.
To start a business that will be very profitable in a long interval can take time and capital but when you prepare yourself for the tax ahead, that will not be a problem at all.

Businesses are meant to be profitable and to get to the level of making constant profits, you need to be equipped with knowledge that will make you excel while reducing the risk of your business collapsing or going bankrupt.

[Samlucky O]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Well from my point of view, there is nothing wrong in buying goods from a business owner,and  thinking that buying something from business people will make them more Richer is a lame thinking. then I will like to ask that does it mean that no one will buy goods from each other's again anymore? Definitely the system is programmed where we will have the producer down to consumers. So it's either you are a producer or a consumer. If you find yourself in the category of the consumers don feel cheated because of that. If you think you are being cheated by what you buy from others, then try and create one and see how it is.

[JoyceBTC]

I feel it depends on the capability of the individual to make a choice which is better, because most persons prefer owning a business but don’t have capital for startup and would rather work first and earn salary to be able to gather capital to start a business. Not everyone is comfortable working under someone, majority of persons wants to be their own boss.

Owning a business is more preferable because there would be steady cash flow, one doesn’t have to wait till month end to have money or sort out personal bills, you will be able to live at your own comfort and a higher chance of making more money compared to someone who earn salary.

[adaseb]

I've done both.

When I was earning a salary I always wanted to be a business owners because I assumed it would be better and more money. However after owning a business I honestly decided it would be better to get a salary.

Owning a business is alot of work. You can make alot of money but keep in mind, it will take a while before the business is profitable. You will run into risks during recessions. You will have to work extremely long hours and even during weekends to make your business grow. You will have trouble finding the right employers and such.

Sometimes it would be better to just work for someone, you are gauranteed to get paid and you can go home and rest. However this depends on the pay. If the pay is horrible you are better off just running your own business but if the pay is great then you are better off just working for someone.

[Bd officer]

Of course, owning a business is much better. But it is personal matter, job and business both have different benefits, some like job and some like to do business. Not everyone can start a business and succeed and not everyone has enough money to start a business. Besides, proper planning should be done in business and efforts should be made to implement it according to the plan. However personally I don't like the job, I have a plan to start a business, I don't like to work under others, so if I have enough money in the future I will quit my job and start a business.

[fuguebtc]

However personally I don't like the job, I have a plan to start a business, I don't like to work under others, so if I have enough money in the future I will quit my job and start a business.

I want to say that no one likes working for someone else, especially people who have never owned a business. They always dream of being their own boss and think that owning a business will help them make more money and have more freedom. But what's interesting is that many of them quit their current jobs and started their own businesses, but after a while, they realized that working for someone else would suit them better. They understand that business is much more difficult, arduous and risky than they imagined.

So, it is good that you intend to start a business, but you need to note that to start a business you need to ensure factors such as capital, ideas, plans, skills and especially mentality and perseverance. It's easier said than done and starting a business is not as easy as many people think.

[Z_MBFM]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

I am a salaried employee, so I know how much pressure there is here. If I can put in the same amount of effort as I do in my office for my business, then I have the confidence to succeed in business. However, I am not yet able to take the risk of money that is required to start a business. If I get some financial support, I will start a business. I believe that only business can make a person financially independent and give freedom. If you have a job, you have a security of income, you get a certain amount of money every month, but you do not get mental peace and physical peace. I always support business.

[Ryu_Ar1]

Only those who are overly confident and perhaps unaware of the true state of the business would think this way.

Indeed, when we start a business, our ultimate goal is to make a profit and earn a lot of money from the business we run, but in the end, it is not that easy, considering that business also carries a very high risk, including the possibility of failure, which we will inevitably experience.

Even if our plans are well thought out and everything seems to be going very well, there are bound to be some things that can happen and have an impact because being in business is not as easy as we imagine once we start.
I won't deny that I have experienced failure or plans that did not go as expected in business, leading me to think that business is easy and that you can make a profit on your first try without a plan (as I thought at first). Clearly, that is a big mistake that must be avoided.

I'm glad that you've got that unique experience, a personal experience that tells you starting your own business isn't easy as it seems. That's because many think the same as you and when they do the actuality of it, everything they believe changes.

And for that reason, they've come to understand that starting a business isn't all about profiting. But you'll get to struggle from the bottom all the way to the top or even before reaching the peak.

The conditions that occur in the field are sometimes not in line with expectations, but many people are fixated on profits and positive things and do not want to consider the worst-case scenario, so they do not think about it even though it is clearly something that should be considered from the outset.

As a result, many people say they want to do business because the profits are clearly greater than those of working for someone else, but on the other hand, they only focus on that aspect and ignore the worst-case scenario when expectations do not match desires.
This does not mean that we should not do business, but before doing so, we must be prepared for all possible outcomes. In addition to having a good plan, we must also be aware of our own potential and whether or not we are suited to the business we are running.

Only those who are overly confident and perhaps unaware of the true state of the business would think this way.

Indeed, when we start a business, our ultimate goal is to make a profit and earn a lot of money from the business we run, but in the end, it is not that easy, considering that business also carries a very high risk, including the possibility of failure, which we will inevitably experience.

Even if our plans are well thought out and everything seems to be going very well, there are bound to be some things that can happen and have an impact because being in business is not as easy as we imagine once we start.
I won't deny that I have experienced failure or plans that did not go as expected in business, leading me to think that business is not easy and that you can make a profit on your first try without a plan (as I thought at first). Clearly, that is a big mistake that must be avoided.

It is already a trap when it is suggested that starting a business is all about profit. Profit is the score, but the game is survival. What you are talking about (the optimism in the beginning, the shock of reality) is more or less a rite of passage in terms of psychology. Most individuals are entering in with an individualist frame: my plan, my idea, my execution. The reality then hits them on the face collectively: supply chains, customers who have irrational habits, competitors that do not play fair, governments that change rules mid-game

It is also deeper than that: human beings systematically underestimate risk since we are genetically primed to believe that our will can twist results. It is not merely ignorance of being overconfident. It is a biased evolution that compels us to strive to do what is impossible. Without it, no one would begin anything. The irony here is that it is this bias which contributes towards the cycle of failure

What is not much spoken is that failure is not even an enemy. Persistence without adaptation is the actual threat. Individuals who continue to apply the same reasoning to new situations. That is where ruin happens. Not how to escape the failure but how to consume it fast enough to transition into the next cycle. Since business is not about right, it is about surviving long enough to be wrong a hundred times before the one time you are right will matter

Well, this is also what ultimately becomes a reality that is often forgotten. It's not that our confidence is wrong, because ultimately, if the conditions are not forced, there would be no great businesspeople like the many who have emerged today. However, the point I want to emphasize is that we shouldn't be too fixated on the idea that by doing business we can do everything, because not everyone will be able to do business, as everyone has their own progress in terms of qualifications and abilities. So, just because we want greater profits, we shouldn't go in the wrong direction by choosing a business that doesn't suit our style or that we can't even be in that situation.

I also agree that failure is not the enemy because, after all, we cannot become as strong as steel if there is no such thing as failure in life. However, on the other hand, we also need to evaluate ourselves because while it may not be easy to give up, that is good, but when something should not be done by us, even if we force it, it will not go well.

[Mame89]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

I am a salaried employee, so I know how much pressure there is here. If I can put in the same amount of effort as I do in my office for my business, then I have the confidence to succeed in business. However, I am not yet able to take the risk of money that is required to start a business. If I get some financial support, I will start a business. I believe that only business can make a person financially independent and give freedom. If you have a job, you have a security of income, you get a certain amount of money every month, but you do not get mental peace and physical peace. I always support business.

We need to understand that business is often seen as a way out of our financial problems and a way to improve our lives. Like you, being an employee can be a solution to earn extra income. Some people even find it difficult to find work, but they turn to business as a solution. Because in business, there are no age or education restrictions.

Our advice for you remain an employee and manage your finances well so you have the capital to start a business. You should start learning about business now so that when you do have capital, you already have the knowledge. Starting a business requires capital and managing it well. Limited capital often hinders building a business, and conversely, even having a business idea is useless without capital. In conclusion, when you have opportunities as an employee, you must be able to utilize them effectively while accumulating capital so you can start a business. Being an employee won't improve your financial well-being, but business can enable you to achieve financial freedom.

[Guccho]

We need to understand that business is often seen as a way out of our financial problems and a way to improve our lives. Like you, being an employee can be a solution to earn extra income. Some people even find it difficult to find work, but they turn to business as a solution. Because in business, there are no age or education restrictions.

Our advice for you remain an employee and manage your finances well so you have the capital to start a business. You should start learning about business now so that when you do have capital, you already have the knowledge. Starting a business requires capital and managing it well. Limited capital often hinders building a business, and conversely, even having a business idea is useless without capital. In conclusion, when you have opportunities as an employee, you must be able to utilize them effectively while accumulating capital so you can start a business. Being an employee won't improve your financial well-being, but business can enable you to achieve financial freedom.

I think you are correct in identifying both sides of this. A salary position is stable, but also limited. Business on the one hand is risky but the reward should it succeed is virtually unlimited. This is because the majority of the business owners that have become successful did not jump in without thought, in fact they usually jumped in when they were still working, raised capital, took the risk of small experiments, and it was as a result that they gained enough experience and security to make the leap.

The history of humanity knows numerous examples of such a gradual method. Jeff Bezos continued his job in Wall street up to the time when the initial intention of Amazon became evident. At the time of their departure, small shopkeepers may begin with side jobs even within our own communities. Bitcoiners are no exception: at first, many of them accumulate satoshis from their salary and then invest that in business.
Yes, business is a means of financial independence, but the smarter one is to have the job provide the initial impetus, to accumulate experience in the meantime, and then take the leap into entrepreneurship when you have a solid foundation. Then you do not lose the safety of income too soon and still train to have the freedom you desire.

[Muba20]

There is nothing compared to being free and by that I mean doing what you want when you want without being told what to do...as a salary earner you are under a lot of conditions set by your superiors, they can tell you to work from 9 to 5 daily but as for people who run a business you can easily do different things at the same time..it's obvious that running a business Is better but it is not easy to get is started, it takes a lot of time and capital

There is no doubt that owning a business is the best, but in terms of time management, because it’s your business, doesn’t mean you will not be punctual to work. Especially when you are in the startup stage, you will need to put in a whole lot of work to make sure that you retain your newly attracted customers. There is a lot to be done and handled, unless you have a helping hand in your business, which before you get to that stage, takes a lot of processes and stages.

Starting a business is certainly difficult and during this initial period, a businessman has to work hard. If he neglects any kind of responsibility during this period, then he will not be able to expand the scope of his business. If a businessman works hard in the start-up, then he will be able to enjoy the benefits when the business is established. No matter how hard a person works in the field of employment, it will not be the same as in business. The benefits he will get in business are never available in any other field. If someone accepts business as a source of income rather than a job and works accordingly, then he can definitely be successful.

[slapper]

However personally I don't like the job, I have a plan to start a business, I don't like to work under others, so if I have enough money in the future I will quit my job and start a business.

I want to say that no one likes working for someone else, especially people who have never owned a business. They always dream of being their own boss and think that owning a business will help them make more money and have more freedom. But what's interesting is that many of them quit their current jobs and started their own businesses, but after a while, they realized that working for someone else would suit them better. They understand that business is much more difficult, arduous and risky than they imagined.

So, it is good that you intend to start a business, but you need to note that to start a business you need to ensure factors such as capital, ideas, plans, skills and especially mentality and perseverance. It's easier said than done and starting a business is not as easy as many people think.

Having a business and a salary are examples of human bargains in freedom and safety. One is the need to be stable, the other is the need to be self-determining. Free without power is anarchy and order without liberty is oppression. It is only after jumping sides that people discover this

Your statement on perseverance is great, yet I would include: the social aspect is severely underestimate by the majority. A business does not consist of "you and your idea". It is the market, the customers, the regulators, the competition, even the chance of a vaginal moment. A salaried employee trades all that complexity to predictability

The dangerous bias is believing that entrepreneurship is "superior". That is the narrative Silicon Valley sells: everyone should be a founder, everyone should disrupt. However, when all people quit being employees, the economy does go down the drain. The so-called freedom of business is accompanied by invisibility chain (stress, capital risk, extensive isolated periods). Meanwhile, there is another chain (hierarchy, dependency, capped upside) that comes with a salary. They are both chains, only made in different designs

[Cgrexp]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Those who are basically salaried people receive a certain amount of money at a fixed time at the end of the month. And with that money, they fulfill the necessary needs in their life for which they spend their money on various goods and services. On the other hand, the money they spend comes to the businessmen. The businessmen build their capital from this income. While businessmen get the opportunity to profit more from their assets and investments, the salaried people have to be limited to the money they receive at the end of the month. However, salaried people can also build and increase wealth, but this path is a bit difficult and requires patience. It is not that salaried people cannot build wealth. If they can invest according to financial awareness, saving habits, and proper planning, they can also build wealth for the future.

[Graph001]

There is nothing better than having your own business. Even people that are earning salaries will later set up a business and be earning with the business.

But there are some workers that are highly paid, many people wish to be someone like that also, so that they can be able to save up, start a good business with it as alternative source of income.

Yes, I agree with you that owning your own business is definitely the best. But in our society, there are all kinds of professionals and we all have needs, whether they are more or less. Everyone is trying to fulfill their needs from their own position and they are all skilled in their own work. Now, except for those who are professional businessmen, it may be a little more difficult for those who are employed or engaged in other professions to establish a business while managing their daily life, but even among them, many are able to establish their own business, which they cannot do, they have their own reasons because everyone's life is different, they all have different busyness in their lives.

[passwordnow]

Yes, I agree with you that owning your own business is definitely the best. But in our society, there are all kinds of professionals and we all have needs, whether they are more or less. Everyone is trying to fulfill their needs from their own position and they are all skilled in their own work. Now, except for those who are professional businessmen, it may be a little more difficult for those who are employed or engaged in other professions to establish a business while managing their daily life, but even among them, many are able to establish their own business, which they cannot do, they have their own reasons because everyone's life is different, they all have different busyness in their lives.

There are people that has a daily job and yet still manages their own businesses. I think the plan is once the business becomes stable and it's earning near or more than the salary they do in their day jobs, they're going to resign and will focus on that business. So, there has to be a plan A and B for everything. And the others who are doing both, if they don't become successful with their business, they'll stay on their current jobs and might try again next time. Those people that are for the business, they'd do it and for those who are not will stop it.

[CTO114]

My key take here is the age gap. When you're salary earner, you have to plan and start building your business from a very young age, because at 45 - 50 you'll be shown the door.

But as a business owner surprisingly, that's the age where your business starts looking like an empire.

[Republikcoin.com]

My key take here is the age gap. When you're salary earner, you have to plan and start building your business from a very young age, because at 45 - 50 you'll be shown the door.

But as a business owner surprisingly, that's the age where your business starts looking like an empire.

That's the fundamental difference between working for someone else's business and working for your own. The pressure is even greater when someone reaches retirement age, when they're generally no longer fit to continue working due to physical fatigue before rest. However, business owners also face greater pressure from the start, as the potential for failure to thrive is a challenge for the owner, so a high level of caution is essential. However, if successful, the benefits are immense, as in old age, we can simply enjoy the results without having to manage the business full-time.

[Luminous10]

To be honest, I would say both is good depending on the individual
Some people like the stability of earning salary; you get paid at the end of the month on good or bad days but can’t say the same for a business owner; some days business is good other times it’s slow
I say it takes a high mental and emotional capability to run a business and overturn profit annually.

[ThankGodkk2]

For me it’s better to own a profitable business because that’s the real key to success if you want to be rich someday. Having a job, even with the best position in a company or in government, you can’t pass that on to your family.

But if you own a business and you nurture it until it grows into an empire, that can give your family a comfortable life.
And when your time is up, you can pass it on to them. That’s my position about the question.

Basically I prefer being a working than owning a business business has to with profit and gains, while paid salary job doesn't have lost in itself.

Salary job is a pensionable work and business is not so you can see the difference between the both.

A salary earners in a big range amount of one million naira in government and company
Are better than someone who is earning 50 thousand as a gain in a business in a month.

[Metalbest]

My key take here is the age gap. When you're salary earner, you have to plan and start building your business from a very young age, because at 45 - 50 you'll be shown the door.

But as a business owner surprisingly, that's the age where your business starts looking like an empire.

That's the fundamental difference between working for someone else's business and working for your own. The pressure is even greater when someone reaches retirement age, when they're generally no longer fit to continue working due to physical fatigue before rest. However, business owners also face greater pressure from the start, as the potential for failure to thrive is a challenge for the owner, so a high level of caution is essential. However, if successful, the benefits are immense, as in old age, we can simply enjoy the results without having to manage the business full-time.

Exactly, there is a certain period of employment, where uncertainty increases with age. Many organizations want to bring in new blood after 45 or 50, so job stability decreases. But in business, time works the other way around. The beginning is difficult, the risk is high, but once it is established, it becomes a permanent asset. Experience and network make the business stronger as you get older. I think it is worth taking some risks when you are young, because even if you fail, you have time to get back up. Even if a job seems secure, in the long run, creating something of your own is the most stable path.