Business vs Employment

[Fiasem20]

What I know is they’re lot of individuals that are working in oil companies and they’re millionaires.So your perspective may be wrong because they’re lot of business owners that aren’t billionaires but though they’re millionaires,so it all depends on the kind of work an individual is being employed for instance working as a teacher in a private school,you shouldn’t expect to be paid high.You can be earning a low income monthly or weekly and still not be able to save up a million due to the essential expenses you usually meet up in a month.So I wouldn’t conclude between business owners and employees in regards to having millions in their account,because both set of individuals can handle millions.

[Grace333]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

Well let's say employment places fixed limitation as per how much you earn per month but business don't.  In business you are completely your own limitation. If you decide to push yourself further with not just hard work, with smart business ideas the sky might be your starting point but when you add laziness with no creativity you might end up just like those retail traders who have been in same position for a very long period of time.
And the worse part of everything our school majorly teaches people work for money(employment) and not money working for them(business) and that is why they world has only few rich people who self taught and did apprenticeship under a mentor in the business field.

[Cheema02]

Not everyone that gets into business ends up becoming successful or have an a large resource like the billionaires you have in mind, some people do business and it only keeps them surviving and not really giving them a huge amount of money that makes them rich. The economy is one factor that makes a lot of businesses go through difficulties. We cannot just use the accomplishments of a few people to  make a general assumption. Some businesses are suffering and a lot of business owners under harsh economic conditions wish they were employed.

Many individuals have the opinion that every businessman is successful or rich nut its not true because many small business owners earn money that just enough to meet the basic needs. In situation of high taxes, weak economy and inflation tuning a business is very difficult. Some times even after putting all efforts people fails to run a business so we should not compare normal business owners with the billionaires and millionaires because situation is not same for all. The reason is that in tough economic conditions every single day hurts the business owners but on the other hand a stable job gives regular financial stability. So the learning point is that we should not judge any business owners on the behalf of our owns sense.

[Roseline492]

What I know is they’re lot of individuals that are working in oil companies and they’re millionaires.So your perspective may be wrong because they’re lot of business owners that aren’t billionaires but though they’re millionaires,so it all depends on the kind of work an individual is being employed for instance working as a teacher in a private school,you shouldn’t expect to be paid high.You can be earning a low income monthly or weekly and still not be able to save up a million due to the essential expenses you usually meet up in a month.So I wouldn’t conclude between business owners and employees in regards to having millions in their account,because both set of individuals can handle millions.

Maybe if we were able to narrow down the type of businesses we should have to make us prefer it than working for a person and also the kind of jobs that might not be substituted with owning some kind of business, then we could have spare ourselves from thinking and giving too many scenarios why working is lucrative than operating your own business, so actually what should make a person choose between them is if the business is the type that records thousands of dollars in a day or weekly and you cannot find any job with such payment, then you wouldn't leave the business for any less paid job, and also if someone is working were they pay them $20k in a month they wouldn't also bother for a business except the one they have mind could pay them better, so actually apart from comfort in business that also differentiate them but however money is another reason people consider between them.

[Churchillvv]

In the country where I live now, small businesses are living through very difficult times. The fact is that there used to be a lot of small shops made by small private entrepreneurs. But over time, marketplaces appeared that had the same products, but with delivery and a cheap price, because their sellers did not need to rent a room. And they completely eliminated the small street shops. So, now there are a lot of commissions on marketplaces, both within these sites and from the government. And now I've seen shorts, as these sellers on marketplaces cry because their business has become unprofitable.

Right now the entrepreneurship is not just the small business that used to exist along the street but we even have entrepreneurship or small business that exist on the only platforms or in the web yet are considered entrepreneurs or small businesses, i don’t if this small business like creating and selling of websites for business that do not have them is also a business in your place but thats an example of business that are small but not on street, what I’m trying to say is that small business are not just the street shops that used to exist that called themselves entrepreneurs but digital businesses today are considered the small business.

[batang_bitcoin]

What I know is they’re lot of individuals that are working in oil companies and they’re millionaires.

Not only specific to oil companies but also to tech companies. The famous one is about the Nvidia employees who's got stock options while working there. After all the pressure and tiresome tasks that they have, it made nearly 80% of its employees to become millionaires and that's a lot of people. Nvidia do care about its business but it has never forgotten its hard working employees. If this is the type of company, I'll work for them but I know it's not that easy at all. IMHO, for every type of industry, it can make its employees millionaires depending on the revenue.

[Pi-network314159]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

You have already answered the question by yourself, an employee who is working under someone and is from a poor family will need to work very hard improve and become wealthy. There is never an employee that becomes wealthy why they are still an employee except they win lottery while working, or they inherited property from their parents while still an employee and they quit the job and go back to inherit their parents wealth. But hardly you become successful working for someone. Because if you even do there will be a question.

[liasbaa]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

If you can manage a business organization in a planned manner, it is possible to earn a huge amount of profit from it. Due to the lack of proper management system, many organizations may be at risk of closure and the owners may go bankrupt. You are right that most millionaires or billionaires are businessmen because if you manage a business organization properly, you can earn profit and increase the number of organizations. A successful businessman has more than one business organization because their financial provider is the country's financial institutions and many individuals and organizations come forward to provide loans to successful businessmen.

Many employees also become millionaires if they can live a disciplined life and can be involved in regular investments, even if in small amounts. Accumulate some part of your salary every week or every month and invest that money in the long term without leaving it idle. Perhaps you will soon become a millionaire.

[BALIK]

And the worse part of everything our school majorly teaches people work for money(employment) and not money working for them(business) and that is why they world has only few rich people who self taught and did apprenticeship under a mentor in the business field.

Stop making things up. School never taught or told us that we should only work for others and never become entrepreneur or start our own businesses.

The role of school is to provide knowledge and foundational skills. They never had the authority or responsibility to decide who we will become in the future.

You know what? Most billionaires and millionaires around the world were educated through the school system, and many of them send their children to prestigious school. Therefore, do not blame the school or the education system for your failure.

[Supreme Donvic]

And the worse part of everything our school majorly teaches people work for money(employment) and not money working for them(business) and that is why they world has only few rich people who self taught and did apprenticeship under a mentor in the business field.

Stop making things up. School never taught or told us that we should only work for others and never become entrepreneur or start our own businesses.

The role of school is to provide knowledge and foundational skills. They never had the authority or responsibility to decide who we will become in the future.

You know what? Most billionaires and millionaires around the world were educated through the school system, and many of them send their children to prestigious school. Therefore, do not blame the school or the education system for your failure.

I think you should try to understand what he's saying before you attack him as for me I understand what he's saying very well the way they are teaching student in some countries are different from the way they are teaching student in other countries in some countries they teach students in a way that they will finish school and then look for a job they don't teach them entrepreneurship and how to make a successful business from their own self so if you are in such a situation or a country were students are not taught how to develop themselves it will be very difficult for those students when they finish from the University.

[Jody.Drummer]

And the worse part of everything our school majorly teaches people work for money(employment) and not money working for them(business) and that is why they world has only few rich people who self taught and did apprenticeship under a mentor in the business field.

Stop making things up. School never taught or told us that we should only work for others and never become entrepreneur or start our own businesses.

The role of school is to provide knowledge and foundational skills. They never had the authority or responsibility to decide who we will become in the future.

You know what? Most billionaires and millionaires around the world were educated through the school system, and many of them send their children to prestigious school. Therefore, do not blame the school or the education system for your failure.

Right you say, with school it only gives us lessons and school does not teach us to make money so when we graduate from school that's where we will get our own lessons to make money and life experience or we can get it from someone who could be someone who becomes a teacher for us in business. With the failures that we experience it is not the fault of the school, because in my opinion there is no connection between failure and our school, it's just that this failure occurs due to our own mistakes whether we realize it or not, especially if we are not good at doing business then failure is prone to occur.

[colinistheman]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

If you can manage a business organization in a planned manner, it is possible to earn a huge amount of profit from it. Due to the lack of proper management system, many organizations may be at risk of closure and the owners may go bankrupt. You are right that most millionaires or billionaires are businessmen because if you manage a business organization properly, you can earn profit and increase the number of organizations. A successful businessman has more than one business organization because their financial provider is the country's financial institutions and many individuals and organizations come forward to provide loans to successful businessmen.

Many employees also become millionaires if they can live a disciplined life and can be involved in regular investments, even if in small amounts. Accumulate some part of your salary every week or every month and invest that money in the long term without leaving it idle. Perhaps you will soon become a millionaire.

Yes, business is often seen as a path to higher income compared to being an employee. However, we should not assume that being an employee automatically means having a low paying job. Because there are many highly specialized positions with very high salaries, such as surgeon, software engineer, pilot...Many of them can earn hundreds of thousands, even millions of dollars a year.

In addition, people with low incomes still have the opportunity to become wealthy through investing. However, that's not easy and we also need to be realistic. Because finding an asset that return x100 or x200 is no easy feat, and even if you do find one, not everyone has the patience or the nerve to hold through it.
Bitcoin used to be one of the few asset that could do that, but that window has mostly closed.

[Leahized]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

It is very easy to understand because an employee has a certain amount of salary. Salary is paid at that rate only after working certain hours. But if a person runs an organization or company through hard work, the profit that will come from it is entirely his own. So an entrepreneur or company owner can inherit a lot of money. But many employees can be wealthy in certain fields, whose salaries are very high. So we always have to focus on the organization. And getting rich is not easy. But it's better to invest in making life easier.

[Accardo]

It is very easy to understand because an employee has a certain amount of salary. Salary is paid at that rate only after working certain hours. But if a person runs an organization or company through hard work, the profit that will come from it is entirely his own. So an entrepreneur or company owner can inherit a lot of money. But many employees can be wealthy in certain fields, whose salaries are very high. So we always have to focus on the organization. And getting rich is not easy. But it's better to invest in making life easier.

Scaling is what makes company owners rich, the thing with employees is that they hardly scale, their salary sticks at one point for a long time thereby making no huge financial shift on the long term. Some company owners also get sales leveled off, and find it hard to grow, it's not always about being a business person or an employee, what matters is being smart with what you're at as a person. Growth is a factor, and those who find it hard to do well in this aspect are the ones who don't actually make big money.

[Tmoonz]

The point is that, if you are a business man or an entrepreneur, you are your own boss, and therefore not accountable to any one instead you employ people to work for you, and you pay them. This is entirely different from an employee. As an employee, you are not independent, you work so hard but your wages or salary is Small, and you wholly depend on your employer to earn money. It is not actually bad to work for another person, but you should be wise enough to esterblish your own business, and learn not to depend on your employer to grow financially. So when you now invest your money in the right business, you can be able to become rich.
Your salary alone cannot make you rich except when you invest with it.

For every business owner,the money for the business doesn't just fall down rather it was generated which may includes working for someone too, making such comparison of a business owner and an employee doesn't make sense to me because people only find themselves doing what they can at a point of their life, both an employee and a business they are all important regardless of their income, we should know that not everyone can be able to do business and why they are working for someone, everyone can not be found having the same level of wealth the same as what they do for their earnings.

[bitLeap]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

Believe me, everyone's measure of wealth is different. The wealth of businesspeople and employees is clearly not directly comparable. While an employee may feel quite wealthy based on their income and achieve their desired definition of wealth. On the other hand, a wealthy businessperson may not consider themselves wealthy in their more rich community.

The question is, are your observations based on research conducted by interviewing wealthy individuals and employees about their definitions of wealth? Or are you simply drawing conclusions based on your own observations?

[Rubuchi]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

what you are saying used to be the situation in the passed but it is not what is happening anymore as there is no single institution in the world today that has become so corrupt and fast rewarding like the government institutions where a single person holding a high position can amass a generational wealth that only a few businesses can guarantee. Most millionaires and billionaires are mostly found in the civil services today and not just business only. We still have legitimate businesses generating billions of money into the treasury till date but we have seen an era where what used to be unlucrative which is civil service now becoming the biggest industry to make fast or quick money today.