Earning salary or owning a business which is better

[highalch]

I tried both, and never fully settled.

Owning a business is better if you are dedicated, have the right idea, and got connections. If you don't have the right connections, you'll end up doing multiple times an average employee's effort for less income. The proper way to do this is being laser focused on passive income, as time passes you'll realize that time is the most valuable after all.

On the other hand, the peace of mind that comes with being an employee is also invaluable, no legal hassles, scams, evaporating customers, upfront costs, competition, corruption, regulation. That's also something to consider.

I said I never fully settled. By that I mean that being a contractor for a company that provides stable income in part time, while aiming to maximize passive income in the rest of your time is the best of both worlds.

[Questat]

I tried both, and never fully settled.

Owning a business is better if you are dedicated, have the right idea, and got connections. If you don't have the right connections, you'll end up doing multiple times an average employee's effort for less income. The proper way to do this is being laser focused on passive income, as time passes you'll realize that time is the most valuable after all.

On the other hand, the peace of mind that comes with being an employee is also invaluable, no legal hassles, scams, evaporating customers, upfront costs, competition, corruption, regulation. That's also something to consider.

I said I never fully settled. By that I mean that being a contractor for a company that provides stable income in part time, while aiming to maximize passive income in the rest of your time is the best of both worlds.

Just because you are doing both, that will guarantee easier success and profitability. But in reality, it’s even more risky, threatening, and more stressful when it comes to time and money management, but if you can handle them well, the outcome will definitely be worth it all.

Earning salary will be less hassle, but the amount of income also comes with a lower value, but if you can work on them both, it’s always hard in the beginning but if you find yourself get used to it, the outcome will create a big difference and will always be exceptional.

[Maslate]

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.

Reality these days, those who are earning well from their top positioned jobs are eventually putting their own business to have an additional source of income. For me, that’s the ideal one, you don’t have to just settle from one of them, but you chose to take the challenge from both of them. And believe me, the results will bring us incomparable success and huge amount of profits.

This is just a matter of taking the risk, and getting brave and smart enough throughout the process. If you want to create life-changing profits, taking risk like this is the key.

[Felicity_Tide]

Is it still necessary to answer that question? We already know where we can experience financial freedom; it's just up to us to choose which path to take. Earning a salary, we know, falls into the category of being an employee, and it depends on your position.

If you have a high position in a company, you'll surely have a large salary, and it's expected that you'll have a decent, huge salary every month. While with owning a business, financial freedom is truly there, not with being an employee. Because once you lose your job, your monthly salary earnings stop, while it's not like that with owning a business.

The thing is, both cases has its own pros and cons, which gives everyone the right to make their choice. There are people that feels it is easier to work for others than to work for themselves considering the fact that the risk involved is not managed by them. Salary work isn't bad per say but personally, i'm not a fan. But that doesn't still mean that others don't earn a decent living from it, even far more than what personal business owners earns.

The thing with owing a business is that it demands a lot of effort to keep it growing unlike while working for someone. No one tells you to get up early and make plans, you have the responsibilities to do that yourself if you actually want the business to grow. The interesting thing about it is that you will have to make the rules, and decide how profits is being split. It demands a lot honeslty, but atleast, you're left to make the rules.

[SUPERSAIAN]

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

They don't necessarily need to start a business. Starting a business carries significant risks, and not everyone can manage them.

[OgNasty]

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

They don't necessarily need to start a business. Starting a business carries significant risks, and not everyone can manage them.

I think it isn't so much being your own boss as it is having passive income.  That's the secret to really being able to enjoy life in my opinion.  You want to be able to earn money while you sleep, so that you don't have to work until you die.

When I say I want to own a business, I'm talking about owning stock in a company like Altria that kicks off massive dividends and has seen huge gains over a period of decades.  All you have to do is buy it and collect money.  More people should look at investing in stocks as opposed to starting businesses.  I think the majority of businesses that fail could have likely provided their owners with decent income if that capital had been invested rather than burned.  It is easy to get a business loan though, and nearly impossible to get a decent rate loan to invest. So I understand why the path of least resistance for many is starting a business.

[ASloveapg]

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.

Neither job nor business is bad. There is no saying that those who work cannot become rich. If there is proper management of money, then employees can also become rich. As in the case of business, there is no profit or loss for employees. They will get a guaranteed salary at the end of the month, so they can consistently make a budget for savings. As you said, when salaried people earn money, it goes back to the business owners through spending. However, here, salaried people are not spending unnecessarily, they are spending to fulfill their basic and necessary needs.

[highalch]

When I say I want to own a business, I'm talking about owning stock in a company like Altria that kicks off massive dividends and has seen huge gains over a period of decades

Nah man, dividend investing is dead. Altria, 6% yield, 3% after inflation, with price risk? I doubt anyone here would rush to the brokerage firm after reading this.

[Bitcoin_people]

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.

It is very difficult to manage a family in the present day by working because one has to face various financial problems. When a customer works, it becomes very difficult to run his family and his expenses with the salary he gets from his employer. But when a businessman starts a business successfully, he can be very financially developed and he is profitable. That is why I think that compared to working in a job, if a person can start a business and if he is successful there, then he will not have to suffer from financial problems later.

[junder]

It is very difficult to manage a family in the present day by working because one has to face various financial problems. When a customer works, it becomes very difficult to run his family and his expenses with the salary he gets from his employer. But when a businessman starts a business successfully, he can be very financially developed and he is profitable. That is why I think that compared to working in a job, if a person can start a business and if he is successful there, then he will not have to suffer from financial problems later.

A business will run smoothly and possibly be successful if it's run properly and correctly. Some people start a business simply by following their passion without proper skills, so they don't manage it well. Furthermore, we know that starting a business carries significant risks, such as bankruptcy. Although everyone will try to maintain their business, no one knows when problems will arise.
Furthermore, I think those who work and try to make ends meet with their salary don't necessarily want to own their own business. But perhaps their income is only enough to meet their needs, and they don't set aside any money to start a business. Everyone's path is different; I personally feel more comfortable working and earning a salary.

[Smack That Ace]

Just because you are doing both, that will guarantee easier success and profitability. But in reality, it’s even more risky, threatening, and more stressful when it comes to time and money management, but if you can handle them well, the outcome will definitely be worth it all.

Earning salary will be less hassle, but the amount of income also comes with a lower value, but if you can work on them both, it’s always hard in the beginning but if you find yourself get used to it, the outcome will create a big difference and will always be exceptional.

Everyone wants to have multiple jobs and multiple streams of income, but you need to know that it's easier said than done. Because to be able to do both, we need a lot of energy and time and hardly have time to rest. Not everyone has enough energy and time to do both and still ensure efficiency and quality of work.

That is why governments and companies set limits on daily/weekly working hours per person, per department. Forcing yourself to work too hard will significantly reduce your work performance.
So, you should only choose 1 of the 2 and focus highly on it to be able to maximize your potential. Only think about doing both once you're settled into your first job and can schedule your time so they don't interfere with each other.

[Cookdata]

It is very difficult to manage a family in the present day by working because one has to face various financial problems. When a customer works, it becomes very difficult to run his family and his expenses with the salary he gets from his employer. But when a businessman starts a business successfully, he can be very financially developed and he is profitable. That is why I think that compared to working in a job, if a person can start a business and if he is successful there, then he will not have to suffer from financial problems later.

There is a new kind of settings in this modern age of family care that I'm trying to get used to so people don't think one is leaving in the 80s lifestyle. Back in the days where public schools used to be a thing of competition where every child want to go, but now nobody want to visit public schools anymore except for the university since the government is funding them and are been protected by professors that value the education. The thing about private schools is they are expensive and I wonder how today's parent are copying with this exorbitant fees.

I'm not sure if this small amount of money been paid as wages can last for days before parent get paid here especially from here where wages are paid between 20 days. It's going to be so hard to make proper life with earning without having a business or maybe another stream of income. You can't survive earning just salaries and this is the problem here in my country, people add corruption from their working place to make more money to make a living.

[mvdheuvel1983]

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

Not everyone can survive being a boss of their own some people has no idea of managing a business of their own so they will rather do better by working for others to earn their living by so doing they will be able to afford what they need to take good care of themselves and their family. Owning a business should be for those who find it easy and those who have passion and are determined to achieve something great for themselves rather than thinking about what they can do to please others while they are working for them.

[m2017]

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.

What is better: a loss-making business or a high salary in a corporation?

In fact, what you can take/get is better. In other words, what you can own (salary or profit in business) will be better for you.

You need to be able to manage a business successfully. Business can be small, very small, etc., the profitability of which can vary greatly.

You missed one more detail. Salary recipients get money from business owners. But you don't say that business owners are left with nothing.

In fact, business owners and salary recipients depend on each other.

[Youngrebel]

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.

question about it, being a business owner is  and save enough. And when you think that it's ripe for you to quit and start your own then do it and with no regrets.

becoming wealthy or rich depends wholely on the individual whether a salary earner,a business person or even just a normal person can great wealth through the right investments,just make money work for you.
You most not own your personal business before you become rich,invest in the right platforms,buy stock,share,go into real estate you necessarily don't have to do anything, your money will be working and generating more money for you. Salary earners suffers a lot in society because their salaries are never enough too foot the bills,but even with a small salary you can build wealth gradually .all what you need is consistency which becomes the driving force you don't need to wait until you have a big salary before you invest.you build the habit early.

[Mame89]

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

They don't necessarily need to start a business. Starting a business carries significant risks, and not everyone can manage them.

So we can conclude that having a salary or a business can both lead to financial success in the future depending on your persistence in pursuing them.
In fact it's a good idea to be able to pursue both options as both a salary and a business generate income which can be used for further investment. When looking to invest the more income you earn the better. Many people have found success in business without a salary as employees, and vice versa.

Your decision to choose between these two depends on assessing your own capabilities and choosing which is best for you in the future. Never listen to the advice of others and make the wrong decision. Instead ask yourself questions when making a decision. Business does carry significant risks, but behind those risks lies enormous success if we can truly execute it well.

[SUPERSAIAN]

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

They don't necessarily need to start a business. Starting a business carries significant risks, and not everyone can manage them.

I think it isn't so much being your own boss as it is having passive income.  That's the secret to really being able to enjoy life in my opinion.  You want to be able to earn money while you sleep, so that you don't have to work until you die.

When I say I want to own a business, I'm talking about owning stock in a company like Altria that kicks off massive dividends and has seen huge gains over a period of decades.  All you have to do is buy it and collect money.  More people should look at investing in stocks as opposed to starting businesses.  I think the majority of businesses that fail could have likely provided their owners with decent income if that capital had been invested rather than burned.  It is easy to get a business loan though, and nearly impossible to get a decent rate loan to invest. So I understand why the path of least resistance for many is starting a business.

You're absolutely right that the secret to financial success lies in passive income and investing. For example, it's not about being a boss or an employee, but about how you manage your earnings and what you do with them. No matter what you earn each month, if you don't save and invest those savings to generate passive income in the future, that money will simply disappear.

Businesses often make this mistake: unlike individuals, they don't invest their money in other profitable ventures, and in the end, they fail because they're fixated on a single source of income.

[Scarlett_23]

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.

Businessmen take from employees the amount of work that they pay to their employees. In this way, the income of businessmen increases several times.  OP,is right in saying that businessmen not only profit from the labor of workers, but also by selling their products to workers.

This conflict between workers and owners is a historical and structural conflict that has started long ago. Regarding this, we know a famous quote by Karl Marx, "All history is the history of class struggle". So it is clear that workers are exploited throughout their lives. However, I will not put all businessmen in this category. There is some inequality in our society.

[bhadz]

In my country, there are a lot of influencers telling their fans that it's still the best to own a business which you can call your own. I want to argue with them that because they're in a better situation, it seems that they're degrading or discouraging people who are earning salary of being employed. They are making it look like they're a higher creature by having their own business. But in regards to profitability, they'd know that it's not always a good day when you are into business. IMO, it's best to have both like in my country where you have to hustle hard. Working  for some company and then having a side hustle whether it's from my own business o part time job.

[hedgeh0g]

In my country, there are a lot of influencers telling their fans that it's still the best to own a business which you can call your own. I want to argue with them that because they're in a better situation, it seems that they're degrading or discouraging people who are earning salary of being employed. They are making it look like they're a higher creature by having their own business. But in regards to profitability, they'd know that it's not always a good day when you are into business. IMO, it's best to have both like in my country where you have to hustle hard. Working  for some company and then having a side hustle whether it's from my own business o part time job.

I completely agree with you that an excellent combination is working for a large private entrepreneur, or in government work, and at the same time combining this with working for yourself. At the same time, you can open your own business. Or you can not register with the state at all, so as not to pay taxes and be in the shadows.
This combination of two financial activities allows you to: receive the maximum amount of money and at the same time be clean before the state and tax authorities, and also allows you to take out loans and mortgages from banks.