Earning salary or owning a business which is better

[Ricardo11]

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.

Of course, I prefer business because a working person earns money in exchange for his hard work and time, no matter how hard he works, he can earn that specific amount of money. And in this case, the limits of working people are set by others.
When I have my own business, I will work hard myself, and I can make my dreams bigger if I want. Just as working people get stability, their financial freedom is limited, but in business, it is not like that. When I create wealth from business, I will get unlimited income. Business will never pay me by counting hours, here I will earn based on value creation.
But yes, there is risk in business, in that case, if there is a proper plan, the possibility of risk in business can be reduced.
So work gives us a livelihood, but business gives us financial freedom, that is why I think business is good.

[Nothingtodo]

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.

Having your own business is much more important than getting a salary. In this case, anyone can do a job along with doing business. If a person has a private or government job, he can do a part-time business after his duty time. Many people in my locality run businesses alongside their jobs, just like in my country, after their 8am to 5pm duty, many people have their own shops and sell at night. Of course, this is an important business along with a job, and he is getting a salary from the job and also getting profits from his own business.

[EarnOnVictor]

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.

Nothing is lame here, perhaps you didn't understand what @Obiene12 is trying to say, that statement is perfect as far as I'm concerned, with no single fault. Where the huge disparity between the poor and rich, or should I call it the successful onye and most unsuccessful ones is that the latter always purchase one thing or another from the former without the former purchasing anything from the latter.

The economics of "give and take" shouldn't be like that, otherwise, you will continue to enrich them, while you get drained financial. I can only fault you for blaming him because, contrary to your debunk, is such a person not enriching them? The only way to change the narrative is for people to stop being a consumers alone, we should find a way where people give back to us directly or indirectly. It's obvious that salary earners have not created that avenue if they rely only on their salaries.

[Versatile_choice]

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.

Still trying to figure out what @ Obiene12 is actually trying to say, he seems to have forgotten that everyone must not be business minded, There are folks out there who would want to dive into skill acquisition and others. business is one of the hardest thing to learn because it takes a lot of time before a guy can learn and master it. especially when you don't have a potential in business, after you must have finished the learning process you will still have to figure out where to launch the business that will enable you gain recognition, and also find those goods and services that the consumers crave for. so after looking at this things some guys can decide not to go into business and then look for other things because they feel that the stress is much for them.

[Anayochukwu]

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.

Salary earners should always have a side hustle to add to their job because they can be sacked from work at any time, owning your business is self employed and you can do anything you like at your own time and on your own terms. Earning salary is good but never depend on it alone if you want a stable income add a business to it as a side hustle because even when you are retired from work you still have your business to sustain you and your family during retirement.

[Issa56]

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.

Most people will want to own a business, but they lack the capacity to do that. When you want to start up a business, firstly you will need capital, thats one of the things that is always stopping some people from starting up a business, some people wants to hold a business, but they don’t have the capital to run it.

Also when you starting a business, then you should know you giving the job full time attention, and you should know their is risk in it, so you should be prepared to face the risk. If you don’t properly manage your business, then you should know that the business is going die down, or you might not really be getting enough profits. Owing a business it’s really nice because you will be your boss, no one will be controlling you.

The reason why some people do end up looking for a salary job is just because they don’t have the capital to start up a business, and some people are not ready to take risk, so they just want to stay under someone, and they going to get paid.

[GiftedMAN]

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.

Salary earners should always have a side hustle to add to their job because they can be sacked from work at any time, owning your business is self employed and you can do anything you like at your own time and on your own terms. Earning salary is good but never depend on it alone if you want a stable income add a business to it as a side hustle because even when you are retired from work you still have your business to sustain you and your family during retirement.

Things are not always that easy if you are working for others having a side hustle to add to your work is cool but most of the jobs you will see will not give you that time to have something else doing as they will take your time, your energy and all, it takes someone with courage to survive working for others and doing something else. But for those who have time aside their salary jobs they should take the opportunity to get a skill or set up a little business that will be giving them a little extra income so that when the salary job is no longer available they can switch to their side hustle.

[EarnOnVictor]

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.

Still trying to figure out what @ Obiene12 is actually trying to say, he seems to have forgotten that everyone must not be business minded, There are folks out there who would want to dive into skill acquisition and others. business is one of the hardest thing to learn because it takes a lot of time before a guy can learn and master it. especially when you don't have a potential in business, after you must have finished the learning process you will still have to figure out where to launch the business that will enable you gain recognition, and also find those goods and services that the consumers crave for. so after looking at this things some guys can decide not to go into business and then look for other things because they feel that the stress is much for them.

You're being pessimistic right now, and it's not good. If many successful business moguls thought this way, they wouldn't have made it in life and would have relied on their small salaries for the rest of their lives.

Mind you, if one is talking about business, it doesn't necessarily mean the business of buying and selling directly, it could be anything. Even in real estate and other professional services and investments, there are business that could be built around them. The same goes to the creativity and skills of the person, businesses could be built around that too.

As for the challenges, nothing is without their challenges, and for sure, many had overcome the challenges, and many others will in the future.

Lastly, smartness drives business than having all the money present. We've seen people who had less than $100 when they started business, but are worth millions of dollars today.

Above all, "It's better you try and fail than not to try at all."

[Fredomago]

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.

Salary earners should always have a side hustle to add to their job because they can be sacked from work at any time, owning your business is self employed and you can do anything you like at your own time and on your own terms. Earning salary is good but never depend on it alone if you want a stable income add a business to it as a side hustle because even when you are retired from work you still have your business to sustain you and your family during retirement.

Things are not always that easy if you are working for others having a side hustle to add to your work is cool but most of the jobs you will see will not give you that time to have something else doing as they will take your time, your energy and all, it takes someone with courage to survive working for others and doing something else. But for those who have time aside their salary jobs they should take the opportunity to get a skill or set up a little business that will be giving them a little extra income so that when the salary job is no longer available they can switch to their side hustle.

Agree to that, while you've got the opportunity to learn better do so, with that knowledge you'll be able to create your side hustle while still engaged with your day job, like you mentioned it takes a courage to survive as most of the day job already consume your energy but if you want to push forward and have that chance to change your financial capabilities, having that mindset that you need to do things and make it possible will allow you to gain that success.

[JangoUnchained]

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.

This is not a easy question to answer because it is incomplete.

A salary you asked, what type of salary and what type of business? It is not as if all salary earners make the same amount and all business owners generate the same income.

Both side have their advantages and disadvantages, salary for example means you are working for someone or under a company, the amount might be small or big but there is a risk of getting sacked one day.

A business owner have their advantages higher in percentage than a salary earner, there is enough time to make things the way you want, no answering to anyone's order and no rushing to your business like teachers who don't want to late to school.

For business owners, all that matters is their income stream, are they making enough? Are people patronising their business? The biggest challenges for them is customers.

We need to go for the one that suits us the most, some people have talent as a business owners while some suck at it, some people will never do so well on their own, such people are better serving under others.

[B-BossMan]

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 will rather consider this as an economic rotation. The businessmen also pay taxes and revenues to the government, while the salary earners purchase goods from businessmen. Actually, the salary earners are spending 80 per cent of their salary income on purchasing goods from business owners, and at the end of it, the salary earners end up with nothing. In my own observations, the salary earners always depend on their salary, which makes their expectations high, but since the business owners are paying taxes to the government and the government generates income from revenues and taxes to pay their wages, it's indeed an economic rotation.

However, being a salary earner wouldn't help the matter if you didn't look for another source to build your wealth.
Moreover, being a businessman or business owner is the best because you make a huge amount of profits that triple some individuals' salaries, so once you are successful in any business, even the paying revenues will not affect your business profits. Therefore it's better to be a businessman or business owner than to be a salary earner.

[Cheema02]

Salary earners should always have a side hustle to add to their job because they can be sacked from work at any time, owning your business is self employed and you can do anything you like at your own time and on your own terms. Earning salary is good but never depend on it alone if you want a stable income add a business to it as a side hustle because even when you are retired from work you still have your business to sustain you and your family during retirement.

Its a noticeable fact that if we depend only on our salaries it can be risky as we can loose our job at any time. Everone should struggle for a small business or side hustle to earn extra income and more security for the future. These things can make someone build new skill and more independent. If we are doing a business, we have control over it and our time but if we are at a job we have to bear a lot of things including the insult from the boss. So being independent of these employers we should focus on having a small business instead of slavery of a boss who doesn't pay us enough to live a better life. Proper planning, saving snd hard work can help anybody to make their side hustle successful. Combine your salary with a business to earn handsome and to build a stable future.

[BABY SHOES]

Most people will want to own a business, but they lack the capacity to do that. When you want to start up a business, firstly you will need capital, thats one of the things that is always stopping some people from starting up a business, some people wants to hold a business, but they don’t have the capital to run it.

Also when you starting a business, then you should know you giving the job full time attention, and you should know their is risk in it, so you should be prepared to face the risk. If you don’t properly manage your business, then you should know that the business is going die down, or you might not really be getting enough profits. Owing a business it’s really nice because you will be your boss, no one will be controlling you.

The reason why some people do end up looking for a salary job is just because they don’t have the capital to start up a business, and some people are not ready to take risk, so they just want to stay under someone, and they going to get paid.

Yeah,,, when you want to start a business, you need to have capital ready... you even need to have 2-3 times the capital because businesses don't usually run smoothly in the beginning and you will need more capital to continue.

Therefore, starting a business means you already know the skills you possess and the target audience for your business this is not easy it requires careful thought and strategy because if you do it carelessly, it could lead to the business going bankrupt.

They don't have capital, or they want to stay in their comfort zone where they have a monthly salary without any risk of loss.
Perhaps if they don't make any mistakes, they won't get fired.

[Keevoid]

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.

That’s an interesting point, but I see it differently. Not everyone is meant to run a business, and that’s okay. I believe it’s more about what you do with what you earn. A salary can still open doors to investments or side ventures if you manage it wisely. At the end of the day, both salary earners and business owners can build wealth, it just depends on the mindset and discipline behind it.

[ChocolateBitcoinK]

Each of us who are employed gets a certain amount of salary at the end of the month. And with this money we make our financial plan and allocate money for the necessities of our life, savings, investments, etc. In this case, if my salary does not increase, then I will not be able to add extra money anywhere. Since the salary is limited, money is limited in every case. And we get the opportunity to add extra money to our salary through promotions. But when I have my own business, the daily income will not be constant. In business, one day there will be good profit and another day there will be less profit. And in business, the possibility of profit depends on good products or services. So I think that if the business can be done according to plan, then success will definitely come.

[Nwadiche]

Earning salary in other countries could be a little bits good but not in our own country called Nigeria, with the current situations in this country. Salary Earning are the one suffering mostly in this country because the payment are very low and can't even feed a family to more of to do other things needed imagine working for over 365 days in a year got paid 12 times, business is more better than earning salary because money enter your accounts every day not monthly and a business person can easily sort some issues out than a salary earnings who wait till he/she got paid before sorting those things, we can't really compare business person to a salary earner there's much difference between them.

[Mpamaegbu]

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...

There's no perfect time to start a thing than the moment one conceives that idea. You can start small if you think running it in its full capacity will be capital intensive.

Yes, issue of capital to start with will in most case be a stumbling block and points one's attention to it to weaken one's determination but one shouldn't allow that discouragement. Just dream big with your concept but start small. Gradually you will up your game and achieve full capacity of your plan with time.

[cxtreenal]

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.

But we prefer to work than to do business. There is a logical reason for this. To do business, we need money and we cannot find anyone to provide that money. If you think of doing it through a small scale business, it may be possible but no one will encourage you in that regard.

Having your own business is good but it will take a long time for you to reach that stage. You have to acquire skills by acquiring knowledge and not just being skilled, you have to acquire skills institutionally. It will not be easy to start a new business after receiving formal education for a certain period of time. To do business with your own funds, you have to work and accumulate a capital as soon as you acquire skills. Strong morale and discipline are required if you want to become a businessman.

[HelliumZ]

You have become a salaried employee under someone, which means you have no freedom. You are under your boss from morning to evening, you have lost the freedom to express your opinion. But if you establish your own business, then you will be the boss of that business organization and many employees will work under you.
So you tell me which will be better? Working under someone else ? Will others work under you?

[Halifat]

You have become a salaried employee under someone, which means you have no freedom. You are under your boss from morning to evening, you have lost the freedom to express your opinion. But if you establish your own business, then you will be the boss of that business organization and many employees will work under you.
So you tell me which will be better? Working under someone else ? Will others work under you?

Everyone is trying to be rich but we all know that working under someone can never make you rich or working  as a salary earner can never make you rich, because you will always be thinking of the institution you are working for and their aim is to exhaust you so that they will continue to grow in wealth. All what you have discussed is all about risk taking and not everyone have that mind of taking risk and again we cannot have the same mentality because if you decide not to work under someone and you have intention of hiring people to work for you, so if the same people also how the same ideology then who will be working for you?