Business vs Employment

[Doan9269]

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?

When you are being employed as an employee, you are limited to what you can do and even if you have a goal to achieve something more than that, your ideas could not go far because you are still subjected to their own principles and common goals, once you are working under an employer, he controls you, determine what you do and also pay you just to earn a living and not to make wealth or afford what would bring you out of your current status quo, except you are being independent, this is why some people will determine to work for a little time to gain experience and also gather some capital in other for them to start their own business and scale through.

[Felicity_Tide]

But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

Are you sure about that?, because I know a very few professions that makes you "untouchable rich", even richer than a lot of business owners. You probably just have to look a bit forward in order to spot those types of jobs, although they're quite common, but it demands a lot of professionalism from you as a person. But of course, I agree that owning a business happens to be a common way of hitting those millions/Billions, even though not all business owners ends up becoming millionaires/billionaires.

I think at the end of the day, there are literally no limits to becoming wealthy. Running a business often present that opportunity to earn more,  but the goal is still to earn something decent, isn't it ?.

[Grace333]

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'm glad you value school education this much yet you can't read and understand simple English. If you have no clue of what I'm talking about then you better stay quite and talk about the shallow basic ideas that your brian can carry. Maybe you should spend more tiime in reading than thinking wrongly. People like you earn on a monthly basis and still thinks you're doing well in life lol you're only playing your part in a scripted game that was designed to supress your creativity and make you work hard for nothing. I never siad education was bad or useless in fact there are entrepreneurial courses that student take but those teaching still has missing pieces.

[TheUltraElite]

I think at the end of the day, there are literally no limits to becoming wealthy. Running a business often present that opportunity to earn more,  but the goal is still to earn something decent, isn't it ?.

The goal is not just to earn but to be happy with what you have and think how much is enough. Because if nothing is ever enough then the hunt for more money never stop and internal peace is never achieved. People should be careful not to get carried away with this ambition. Business starting and running are tough for common people but it is possible and often carries a risk taking event which if crossed kickstarts the process.

Every employee should dream big and consider about doing something that can change the people's lives. But everyone will not have the opportunity and hence there is nothing to be disheartened about.

[Pearl_20]

There's no way you can become rich with mere salary, being an employee will not get you anywhere at all. A lot of people are being payed peanut coupled with rent, and bills to pay there's no way you can be rich per say! This days I encourage people to learn skill and go into business even if your employed, you can also have a side hustle after work or do weekend sales.

I know of a friend who was working and before the month ends his already in debts, he decided to stop working and started doing business, right now he has gotten properties for himself. Well, being employed isn't bad, but to be honest business is better especially if you're into the kind that isn't seasonal, it will open a lot of channels for you that through it, you can save, pay bills, invest and still have thing's running well.

[junder]

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?

I think maybe it's just a difference in goals, so there are also people who can become wealthy by working in a company but maybe this is only a small part because in my opinion they work also the focus is to meet the needs of themselves and their families first, and after that then lead to their own success whether starting their own business or having a career with their work.

[DanWalker]

There's no way you can become rich with mere salary, being an employee will not get you anywhere at all. A lot of people are being payed peanut coupled with rent, and bills to pay there's no way you can be rich per say! This days I encourage people to learn skill and go into business even if your employed, you can also have a side hustle after work or do weekend sales.

I know of a friend who was working and before the month ends his already in debts, he decided to stop working and started doing business, right now he has gotten properties for himself. Well, being employed isn't bad, but to be honest business is better especially if you're into the kind that isn't seasonal, it will open a lot of channels for you that through it, you can save, pay bills, invest and still have thing's running well.

Nobody denies that running a business is better. However, my question is whether starting a business and becoming an entrepreneur is really that easy?
In my opinion, business has never been easy, and becoming an entrepreneur doesnt automatically make you rich or successful.

Honestly, Im quite curious about your friend. What did he do before? What experience did he have in business before quitting his job and making the switch? How can someone so easily succeed going from employment to running a business? Meanwhile, thousands of small and medium businesses declare bankruptcy every month across most countries, despite careful preparation.

[Cityhunter34]

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?

Have you gone round the world and seen that all millionaires and billionaires made it through business? I wonder what makes you think that way, because there are many people who became what they are today through company jobs. Everything life is comes down planning, nothing more than that.

Sometimes it's good to do some research before drawing a conclusion. A company man or woman can actually do very well with a modest income. Not only business people do well.

[Samlucky O]

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?

I'm glad you said that except an employee work, save money and invest otherwise they will not make wealth. How do you expect an employee to become wealthy In that current position except they do their own business and make progress over time. Well life success is a stage, when you pass the first phase you will go into another phase and it will increase your growth. Do you know that you can be an employee and be wealthy when you have set an investment before finding a job. Not all employees are broke, some just only came to aquire skill in disguise like they don't know anything just to improve in skill or business they are currently doing, and you might be overlooking them and seeing them as less till they surprises you. What I am saying is that you might have an employee who is rich but doesn't want you to know and you may neglect you.

[Johnlomape]

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?

Have you gone round the world and seen that all millionaires and billionaires made it through business? I wonder what makes you think that way, because there are many people who became what they are today through company jobs. Everything life is comes down planning, nothing more than that.

Sometimes it's good to do some research before drawing a conclusion. A company man or woman can actually do very well with a modest income. Not only business people do well.

Entrepreneurship is the only way we can become successful and have big investments that will worth millions of dollars.
I have never seen a person that is a government worker that is able to become successful without venturing into businesses.
This is why wise people does not keep their money in the bank. They all know that the bank will use their money for businesses why they are being paid peanuts as interest. We need to put our money into action or work and the only way to do that is to invest and build different businesses.

[Rubuchi]

When you are being employed as an employee, you are limited to what you can do and even if you have a goal to achieve something more than that, your ideas could not go far because you are still subjected to their own principles and common goals, once you are working under an employer, he controls you, determine what you do and also pay you just to earn a living and not to make wealth or afford what would bring you out of your current status quo, except you are being independent, this is why some people will determine to work for a little time to gain experience and also gather some capital in other for them to start their own business and scale through.

both of them have their advantages and disadvantages. I’ve had a very few time I have spent in the corporate or government environment as an employee and ive had a great experience working as an independent person either as consultant or an executor and both are interesting and can be difficult but the one I find more demanding or challenging could be working independently because that means you are not placed on any other person’s payroll but you are only hustling left right and center hoping to meet one client or the other. When you are not working as an employee, every other time can be your workday and work hour as you won’t have a specific time and duties can fall in from any of your clients. If you are doing business like this, you may have over 5 customers to attend to and each one of them will be requesting for your full time and attention which becomes difficult to handle and they will be saying they don’t.

[justdimin]

There's no way you can become rich with mere salary, being an employee will not get you anywhere at all. A lot of people are being payed peanut coupled with rent, and bills to pay there's no way you can be rich per say! This days I encourage people to learn skill and go into business even if your employed, you can also have a side hustle after work or do weekend sales.

I know of a friend who was working and before the month ends his already in debts, he decided to stop working and started doing business, right now he has gotten properties for himself. Well, being employed isn't bad, but to be honest business is better especially if you're into the kind that isn't seasonal, it will open a lot of channels for you that through it, you can save, pay bills, invest and still have thing's running well.

You may not reach to a whale level by just getting salary, but you are forgetting what you are getting back in return. A salaried employee has no risk when the business is doing bad, or no reward when the business is doing good, you jus test your salary and do your task and leave, that's it.

This means that you have less stress, and no risks at all, if the whole company goes bankrupt, you just leave and find another job to get paid. When you own a business however, ti is your entire business and you have to do a good job or you will fail, and that is the entire problem, you could do great, or you could do terrible, there is no way of knowing this. Which is why, business owners might be rich, but they are richer because they take that risk.

[GIF-JOBS]

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?

I think maybe it's just a difference in goals, so there are also people who can become wealthy by working in a company but maybe this is only a small part because in my opinion they work also the focus is to meet the needs of themselves and their families first, and after that then lead to their own success whether starting their own business or having a career with their work.

Not everyone's path to success is the same, this is the main truth, not everyone's situation is the same, not everyone works, not everyone does business, again some only work and some only do business, everyone's lifestyle is different, but in the end everyone wants to take themselves to a successful level. The effort to succeed is within everyone, and everyone works according to their goals, and moves forward through hard work. Not everyone does the same kind of work and not everyone sees success in the same way and not everyone can be successful in the same way, everyone's journey is different.

[Oasisman]

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?

Being an employee does have a ceiling in terms of earnings. Meaning, there is a limit to what they earn on a monthly/yearly basis. While having a business doesn't have a fixed earning. It could be less than what an employee with the highest position in a company has, but that doesn't always have to be the case. Business can lift off anytime, or even faster and more often than being promoted in a company if you're an employee. Promotions come in several years, while the business can expand as quickly as a year and even expand even more in lesser time.

Employees can save, but inflation will just catch up with them. I can only think of a job that could make someone filthy rich, be a corrupt politician, lol!

[Jubilee58]

People get rich by investing, and running their own business, and not becoming an employee. Doing a good job as an employee is not wrong, and those who doesn't have strong starting point work as employees, and use that money to invest in business.
When you have your own business, you grow quickly financially, and control your business, but employees does not have such freedom, they are being employed to work, and they work based on the directive of the employer.
Many of us today who are still struggling to get a good job or are still traped as an employee would been financially successful, and rich if we had made any investment, and start a business of our own.

[SamReomo]

I guess it wouldn’t be wrong to say employees can actually become rich. A lot of top executives and skilled professionals have actually managed to build and stacked up massive wealth just through their salaries and company shares, just like the example you gave. But the truth is that this is only possible if the employees have a professional skill and not just for regular employees. But owning a successful business gives one a much higher chances of building wealth, independence and of course becoming rich. Although this may not actually be as easy as it sounds, as it requires serious hard work, patience and resilience.

That's true, some employees can be great assets for companies and such top level professionals build a lot of wealth by being part of a that company for longtime and by getting shares of the company overtime and similarly by investing their money to good assets or to shares of that company.

A business can make someone independent but at the same time it's not easy to start a successful business anymore because there're already many people doing the same business. However, if someone gets success in business then such a person can build a lot of wealth.

[bhadz]

When you have your own business, you grow quickly financially, and control your business

This is a misconception about owning a business. You don't grow financially quickly when you do it, in fact there will be more loss in the beginning and it is your business controlling you because you have to grow it. So it's common to see businessmen loaning money from the banks, through friends, selling of their assets just for them to sustain it at first. You have to dedicate more time to it because you seek for its growth. But all of that are in the beginning and when you're able to make it big and that's when you can say that you finally made it.

[slapper]

There's no way you can become rich with mere salary, being an employee will not get you anywhere at all. A lot of people are being payed peanut coupled with rent, and bills to pay there's no way you can be rich per say! This days I encourage people to learn skill and go into business even if your employed, you can also have a side hustle after work or do weekend sales.

I know of a friend who was working and before the month ends his already in debts, he decided to stop working and started doing business, right now he has gotten properties for himself. Well, being employed isn't bad, but to be honest business is better especially if you're into the kind that isn't seasonal, it will open a lot of channels for you that through it, you can save, pay bills, invest and still have thing's running well.

So what exactly is meant by the word "rich"? If rich is defined as purchasing property and having no debt then yes, your friend got rich through his business. Then there are the business owners who make a lot of money and are so miserable that they've sold one type of trap for another. The danger of never being able to stop.

Which isn't to say employment is better. It's usually not, financially. You're right about that.

But I think the real variable people miss in this whole employed-vs-business debate is ownership of skill. Business ownership is not a factor. Ownership of something you can do that other people need. And that gets better the more you do it, that doesn't depend on one employer or one client or one market trend to stay valuable. Skills build up faster than salaries do, and sometimes faster than businesses do, if they're based on a trend.

[Berry2d]

People get rich by investing, and running their own business, and not becoming an employee. Doing a good job as an employee is not wrong, and those who doesn't have strong starting point work as employees, and use that money to invest in business.
When you have your own business, you grow quickly financially, and control your business, but employees does not have such freedom, they are being employed to work, and they work based on the directive of the employer.
Many of us today who are still struggling to get a good job or are still traped as an employee would been financially successful, and rich if we had made any investment, and start a business of our own.

Don't be to fast in drawing conclusion in the possible causes of wealth because what favours me may not favour the other person.  Before we talk about setting up a business,  we must think of the possible sources of capital which we all know is from working for others, so there is nothing wrong in doing a salary job because through that same salary job must people do gain stability financially. 
I won't say financial stability can't be archived through owning once person business but it takes a step to get to the other because I still can not forget that a journey of one thousand miles begins with a step.  But coming back home, I will all business is the key but we must not neglect salary jobs because from there we can raise the capital required to get that same business.

[Swordsoffreedom]

When you have your own business, you grow quickly financially, and control your business, but employees does not have such freedom, they are being employed to work, and they work based on the directive of the employer.

Are you sure about this? Do you know how many businesses file for bankruptcy each year? How many businesses are drowning in debt and awaiting bankruptcy approval?

Owning a business does not automatically guarantee rapid financial growth or financial freedom. Many businesses fail, and many business owners are in far more precarious financial situation than salaried employees.

Many of us today who are still struggling to get a good job or are still traped as an employee would been financially successful, and rich if we had made any investment, and start a business of our own.

No one has the right to stop or prevent you from quitting your job and starting your own business. The question is whether you have the courage and the guts to do it.