Earning salary or owning a business which is better

[Texac]

Personally, I prefer a salaried job regardless of the nature of the work a fixed amount of income is guaranteed at the end of the month. Typically, there are set working hours which makes it easier to dedicate time to personal pursuits or family outside of work. Unlike in business, there is no risk of losing one's own capital or incurring direct financial losses.

At the end of the day, choosing between a salaried job and running a business is a personal choice. Neither path is better across the board, it's whatever fits your skills, and your situation and your goals. Different strokes for different folks.

But it is a mistake to believe a salaried job comes with no risk. Your paycheck could be reduced, you could receive no increase in pay, or you could be fired at any given moment .  Steady income isn't  same as being bulletproof. Every choice comes with its own risk and trade off .

[fredericktaylor]

Both salary and managing your own business or having your own business are actually good. But majority of people will prefer doing business over earning salary, because we all know how beneficial it is, especially if the business is standard. Because that's the only way one can enjoy the benefits and profit of business.

Deciding to start a business is indeed a good thing, but only those who have the business mindset to do business, along with sufficient money, knowledge, time, and patience, can do business and stick to it until the end. Those who do not have sufficient capital and business mindset to do business and patience are not suitable for business, they must choose a job that will meet their financial needs.

You might faces challenges at first, when trying to start or set up a business and also when trying to grow it, but at the end of the day, if things work out perfectly for you, then you will be the luckiest and happiest person on earth. Well, salary also have several advantages. Because if you don't have any source of income there's no way you will be able to set a business from the first place. But at the end of the day both of them are perfect in the own ways.

Normally, in running a business, a person has to go through various challenging times, but when a person manages the business activities properly with proper knowledge and experience about the specific business along with taking risk management, takes a long time with confidence, does not give up quickly, moves forward by learning from mistakes, and perseveres till the end with patience, they can gradually build a good position.

[Queen Julie]

I think having your own business is better, because you have the opportunity to grow and earn more. But at the same time running a business isn’t as easy as people make it seem. Because you still have expenses, challenges and months when sales are really slow.
At the same time , having a salary job is not a bad thing because you already you know what to expect at the end of the month.

I think both have advantages and it really depends on how much you’re earning and how well you can manage your business.

[Etranger]

At the end of the day, choosing between a salaried job and running a business is a personal choice. Neither path is better across the board, it's whatever fits your skills, and your situation and your goals. Different strokes for different folks.

But it is a mistake to believe a salaried job comes with no risk. Your paycheck could be reduced, you could receive no increase in pay, or you could be fired at any given moment .  Steady income isn't  same as being bulletproof. Every choice comes with its own risk and trade off .

I agree, there are no 100% guarantees in life. A regular job doesn't give you any certainty that things will always stay the same either. But it does free up headspace for other things, because the employer (if it's a decent company) takes responsibility for a lot of issues that the employee no longer has to deal with; they can simply leave them to the employer. With your own business, all those issues become your responsibility.

[Cryptmuster]

I agree, there are no 100% guarantees in life. A regular job doesn't give you any certainty that things will always stay the same either. But it does free up headspace for other things, because the employer (if it's a decent company) takes responsibility for a lot of issues that the employee no longer has to deal with; they can simply leave them to the employer. With your own business, all those issues become your responsibility.

But when you run your own business, you don’t have a boss telling you what to do. You also have much greater earning potential, although of course, the responsibility is considerably higher as well. So it really comes down to deciding what suits you personally.

I don’t like working for someone else because there are always restrictions on your time, in other words, you don’t really belong to yourself. If you need to step away to take care of something personal, you have to ask for permission. And in most cases, the earning potential of a regular job is significantly lower than that of running your own business. That’s another very important factor for me and one of the things that ultimately influences my decision.

[GIF-JOBS]

I think having your own business is better, because you have the opportunity to grow and earn more. But at the same time running a business isn’t as easy as people make it seem. Because you still have expenses, challenges and months when sales are really slow.
At the same time , having a salary job is not a bad thing because you already you know what to expect at the end of the month.

I think both have advantages and it really depends on how much you’re earning and how well you can manage your business.

Both jobs and businesses have their own advantages and disadvantages, which you have already mentioned. But one thing is that you can only run your family with the salary you get from your job, and it is never possible to acquire any big wealth for the future by depending on this salary alone. But on the other hand, although there is a possibility of loss in business sometimes, when you start a suitable business, there can be huge profits from it, that is, even though there is risk here, it is possible to achieve something big by managing it properly.

And besides, we should understand this issue more realistically, what is the organization you are working for doing with you? By using you, that organization is doing its own business, that is, you are working as an employee in someone else's business, that is, everything is basically dependent on business, and the only way to achieve great success is to do business. Now the decision is yours whether you will do a job or do your own business, or do both together.

[JoyceBTC]

The least business requires a reasonable capital to start with and if you don't have an alternative means of generating this capital, getting a job is the easiest means through which you can build your capital.

Yes for persons who don’t have the money to start a business, they prefer working under someone to make money in order to earn a living but there is something we need to understand. Having the capital, doesn’t guarantee one can manage or do a business. Business is definitely not for everyone, most individuals are very poor at managing a business even when the capital is there, so they don’t even bother starting one and there are some set of people that even started a business and ended up back to square one because of mismanagement.
Earning a salary is not bad, most people just tend to move away from it because of stagnant salary, no growth, so I believe everyone should do what works for them.

[HyperCodexV]

Personally, I prefer a salaried job regardless of the nature of the work a fixed amount of income is guaranteed at the end of the month. Typically, there are set working hours which makes it easier to dedicate time to personal pursuits or family outside of work. Unlike in business, there is no risk of losing one's own capital or incurring direct financial losses.

It always depend on mental settings, there are those that automatically excel in business no matter the nature of the business they found themselves in, and there are those that find success in working a good paying job. So it depends on the quality of the two. A mediacl doctor or someone who works in big tech company like NASA will never think of business to feel successful because he is getting a good salary that is possible to last him 2 lifetime so he will naturally want to maintain the job. And in the other hand a security guard who guards a supermarket or a waiter who serves people at the bar will always want to have a business of their own so they can have the freedom to explore and always make good money for themselves. Sometimes depends on the situation.

[Versatile_choice]

It always depend on mental settings, there are those that automatically excel in business no matter the nature of the business they found themselves in, and there are those that find success in working a good paying job. So it depends on the quality of the two. A mediacl doctor or someone who works in big tech company like NASA will never think of business to feel successful because he is getting a good salary that is possible to last him 2 lifetime so he will naturally want to maintain the job. And in the other hand a security guard who guards a supermarket or a waiter who serves people at the bar will always want to have a business of their own so they can have the freedom to explore and always make good money for themselves. Sometimes depends on the situation.

There's nothing good as having a business, forget about mental settings. Although it is true that some people are not business minded but not that they can't rebuild it if they want, of course they can actually learn how to run a business but many of them chose not not look into that aspect. If you're working without Investing in something or even starting up a business there's every possiblity that at the end you will go broke, that is why it is important to have a business no matter what.

I used to advice those that feel they are not good in business to go look for someone that has business idea to manage it for them maybe with time they will beginning to learn from them, it is better off this way than not having a business.

[Mehmet69]

Personally, I prefer a salaried job regardless of the nature of the work a fixed amount of income is guaranteed at the end of the month. Typically, there are set working hours which makes it easier to dedicate time to personal pursuits or family outside of work. Unlike in business, there is no risk of losing one's own capital or incurring direct financial losses.

It always depend on mental settings, there are those that automatically excel in business no matter the nature of the business they found themselves in, and there are those that find success in working a good paying job. So it depends on the quality of the two. A mediacl doctor or someone who works in big tech company like NASA will never think of business to feel successful because he is getting a good salary that is possible to last him 2 lifetime so he will naturally want to maintain the job. And in the other hand a security guard who guards a supermarket or a waiter who serves people at the bar will always want to have a business of their own so they can have the freedom to explore and always make good money for themselves. Sometimes depends on the situation.

Yes, your example is correct. But we have to remember which one is more in the context of the common man. An exception can never be an example. The number of doctors or nurses you are talking about is very small in the general population. They have earned that position by studying a lot and working hard. So we cannot call this type of profession common. The question asked here is which one is needed by the common man. A job is a job that involves working for others at a specific time. And business is a job that does not have a specific time. You have to work day and night for your own needs, and you can do whatever you want with your freedom. Still, you are right. These decisions are mainly taken from the context of the person himself. For example, in my opinion, a job is for those who want a secure life. And business is for those who want to cross their boundaries by fighting with life.

[Texac]

But when you run your own business, you don’t have a boss telling you what to do. You also have much greater earning potential, although of course, the responsibility is considerably higher as well. So it really comes down to deciding what suits you personally.

I don’t like working for someone else because there are always restrictions on your time, in other words, you don’t really belong to yourself. If you need to step away to take care of something personal, you have to ask for permission. And in most cases, the earning potential of a regular job is significantly lower than that of running your own business. That’s another very important factor for me and one of the things that ultimately influences my decision.

Truth is, nobody likes working for someone else and getting bossed around. Everyone wants to be their own boss.
But wanting it does not make it happen. Not everyone has the skills, and capital and risk tolerance to run business. Folk who stay on salary are not doing it because they do not want to be their own boss. They simply understand their own abilities, and circumstances and what they can realistically take on.
Sometime a steady paycheck is simply a better fit than betting the farm on a business.

[fruktik]

Most times we don't need funds to start a business. The challenge is that some persons don't know how to start a business with zero capital. Starting a business is by far better than most jobs especially if it's affiliated. Salary earners get restricted to what they can afford but businesses after scaling for a long time live their dreams. I can only take a job that gives me time to run my own business else I will always choose business over jobs no matter the pay.

So how exactly can you start a business without capital? Are you absolutely sure about that? I seriously doubt you’ll be able to pull it off. Even if you do manage to do it, you’ll still end up wasting your most precious resource: time.

With some initial investment, it’s much easier to get things organized. And it’ll save you a lot of time, too.

I once tried to start my own business without any investment, and I actually had some success, but I spent all my free time promoting it, while those who had money did it much faster.

[Pablo-wood]

So how exactly can you start a business without capital? Are you absolutely sure about that? I seriously doubt you’ll be able to pull it off. Even if you do manage to do it, you’ll still end up wasting your most precious resource: time.

With some initial investment, it’s much easier to get things organized. And it’ll save you a lot of time, too.

Starting a business without capital can be done through affiliation. We can`t allow capital be a limitation in our modern world. Business of today isn`t 100% about capital but more of packaging, branding and ads. so without capital a determined fellow  can partner with an established firm run promotion on their product and get their percentage .

I once tried to start my own business without any investment, and I actually had some success, but I spent all my free time promoting it, while those who had money did it much faster.

The fact it didn`t work out for you doesnt mean others dont make fortune out of it everything boils down to the approach, determination and dedication applied. Affiliators dont grow instantaneously their growth process takes time and sometimes resources too.

[PVequalNRT]

I think having your own business is better, because you have the opportunity to grow and earn more. But at the same time running a business isn’t as easy as people make it seem. Because you still have expenses, challenges and months when sales are really slow.
At the same time , having a salary job is not a bad thing because you already you know what to expect at the end of the month.

I think both have advantages and it really depends on how much you’re earning and how well you can manage your business.

You can have your business and still struggle because no business is free risk. I used to have a business idea that I wanted to do, it has something to do with dollar and my local currency. You buy low and sell high and when the price drop, you hold the currencies until you are profitable enough to Resale. Lol and behold, we did that and after some while, the government decide to change the system and it hit everyone, made some bad losses and now the business is not profitable anymore.

The thing is you can be doing your business and makes some money but mind you, it doesn't make it completely risk free. You can also rely on job, you don't carry any risk, you will do well in your job and one day, you just get sack from the job. It's about what you are lucky to find your self. The one you think is best for you sometimes may disappoint you the most.

[Jaweria parveen]

These two are different things, those who have a salary live on it and those who have a business spend their expenses accordingly. Many people benefit from salary because their expenses are in accordance with it and many people benefit more from business. There should be some investment to do business, a person who does not have such status cannot run a business, which is why they go for a job. Today, we are so educated and are forced to think for ourselves whether we should do business or run a household with a salary because our teachers are also so educated and are running their household with a salary and today we also get to see the same stage. Business is useful for everyone but some people are afraid that their investment will go to waste.

[Obulis]

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 statement if I should call it didn't completely settle the relationship and difference between salary earners and business owners. Your point of view is sounding bias. Salary earners go to work spend their time and energy to earn salary which they use to buy goods and services from business owners who also go to their business place spend their time and energy to make gain from sales of goods and/or service.
Some business owners pay themselves more than the salary some salary earners get paid and some salary earners get paid more than what some Business pay themselves.

Maybe you are trying to point at which is more important or better between working for salary and build a business. There's no need for that because most salaries are earned from business owners or group of business owners, all of which are the bedrock of the society. Some businesses are self-employment.

[Roseline492]

So how exactly can you start a business without capital? Are you absolutely sure about that? I seriously doubt you’ll be able to pull it off. Even if you do manage to do it, you’ll still end up wasting your most precious resource: time.

I use to feel that every type of business requires a person who has some certain capital before they could be able to achieve any success but however when I think deep about the various businesses we have and also how someone skill could be converted into profiting business without an initial capital then I realized there are some possible business a person could do without money, for instance we have cooking business in my country were you could be operating based on contract to cook for someone on their home or during occasion with the money they gave them for the entire contract, so actually this is part of the business that might not require capital to start.

[ruykeri]

These two are different things, those who have a salary live on it and those who have a business spend their expenses accordingly. Many people benefit from salary because their expenses are in accordance with it and many people benefit more from business. There should be some investment to do business, a person who does not have such status cannot run a business, which is why they go for a job. Today, we are so educated and are forced to think for ourselves whether we should do business or run a household with a salary because our teachers are also so educated and are running their household with a salary and today we also get to see the same stage. Business is useful for everyone but some people are afraid that their investment will go to waste.

Different types of people have different thoughts, opinions and desires. For those who have a desire to do business and invest from the beginning, raising investment money is not that difficult. I have seen many people who have worked for 3 to 4 years and saved some money and started a business with that money. A person I know used to do a very difficult job, where he used to drive a container truck. After saving money for a while, he later started a business with that little capital. Currently he is in a much better position than his driving job life. He is also making a good amount of profit from the business. He has even started selling different types of products in his own business. All these things have been possible mainly because of his own desire and interest. On the other hand, many people are forced to decide to do business after losing their jobs for some reason after working for a long time. But in that case they cannot actually succeed. Because, they did not want to do business from the beginning. Rather, they start a business under the pressure of circumstances, because maybe they could not find a good job anymore. This is exactly why their attention and talent are not used properly while doing business. As a result, they make wrong decisions and face financial losses. At some point they have to leave the business and go back to work. That is why not everyone can take the risk of business. Some want to be mentally stable and spend their entire life with a good job and good salary. On the other hand, some people want to strengthen their position. That is why they do business invest and want to strengthen their financial position and live independently.

[Halifat]

I agree, there are no 100% guarantees in life. A regular job doesn't give you any certainty that things will always stay the same either. But it does free up headspace for other things, because the employer (if it's a decent company) takes responsibility for a lot of issues that the employee no longer has to deal with; they can simply leave them to the employer. With your own business, all those issues become your responsibility.

It is not easy to be under someone and that is why a lot of people are running away from business owners just because of the pressure they are receiving, what usually bothered me is that, it will be very difficult for you to establish yourself when you are under someone because all the time you have will be used for the work you are doing, you will not have any time left for yourself to think on how to build yourself. The funniest part here is that the money you are getting will not even be enough to cover up your needs, because normally no any business owner or institution will pay you comfortably compare to the time you are spending for them.

[Unknown Op]

~~~
First Year: Around 20–22% of businesses fail within their first 12 months.
Third Year: By year three, approximately 39.7% of businesses have failed.
Fifth Year: Roughly 48–50% of small businesses fail by the end of their fifth year.

Around 1 out of 5 business are failing within the first 12 months and half of the small business are failing within 5 years. This is the reason not all business owners can be successful hence, they're becoming an employee or better, being an investor.

Well, if you can do both then at all cases, do it, but for me, I'd rather be a business owner while being invested to different asset classes. Unfortunately, I'm not born to be a business owner.
[/quote]
I agree that owning a business gives more freedom and financial opportunities compared to working for someone else but I don't think that owning a business is always better compared to earning a salary. A good and successful employee can earn a good income; they can invest consistently and also build wealth without having any risk and responsibilities that come with running business. Business owners has to deal with losses, competition, unpredictable cash flow and also having the risk of losing all of their investment. Best option is dependent on someone's personal abilities, resources and financial goals. Certain people are good at managing businesses whereas there are people who can earn through employment and investment. Both paths are okay and there is nothing wrong with either path.