Business vs Employment

[fruktik]

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.

I knew a couple of people who made a huge fortune working for a company. Their salaries were quite modest, but they were able to identify several promising investment opportunities. They invested part of their funds over several years and, with the help of compound interest, grew their initial investment to a substantial sum.

Therefore, not only owning your own business can guarantee wealth, but also proper financial management. Furthermore, no one can guarantee the success of an entrepreneurial venture. Quite a few people have gone bankrupt and ruined themselves over time.

[Jaweria parveen]

If we want to progress and improve our lives, then business is the best and if we want to live our lives like ordinary people and not bring any change, then unemployment is okay. For business, it is necessary to have some capital and some experience so that you can involve people in your business and make profit from your things. Sometimes there is a loss in business, but when profit comes, people say that there is much more profit in business. Therefore, business should be given priority so that life also goes well and there is more profit in it. Unemployment It depends on us how much effort we are working in our work or our luck does not allow us to progress. If we do not work with this thought, then it is nothing but foolishness.

[Swordsoffreedom]

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.

I knew a couple of people who made a huge fortune working for a company. Their salaries were quite modest, but they were able to identify several promising investment opportunities. They invested part of their funds over several years and, with the help of compound interest, grew their initial investment to a substantial sum.

Therefore, not only owning your own business can guarantee wealth, but also proper financial management. Furthermore, no one can guarantee the success of an entrepreneurial venture. Quite a few people have gone bankrupt and ruined themselves over time.

It must be acknowledged that the world's richest people are entrepreneur, and their wealth is closely tied to their businesses

However, there are still many other wealthy people around the world who do not own businesses. Many people become wealthy by working in high paying fields or for prestigious companies. Or many people become wealthy by accumulating assets over the long term and making sound financial decisions

There are no limits and many paths to becoming wealthy, it all depends on each person's abilities and the choices they make. We should not limit ourselves by thinking that owning a business is the only way to become wealthy.

[Etranger]

I knew a couple of people who made a huge fortune working for a company. Their salaries were quite modest, but they were able to identify several promising investment opportunities. They invested part of their funds over several years and, with the help of compound interest, grew their initial investment to a substantial sum.

Therefore, not only owning your own business can guarantee wealth, but also proper financial management. Furthermore, no one can guarantee the success of an entrepreneurial venture. Quite a few people have gone bankrupt and ruined themselves over time.

In my view, your story speaks less about financial management and more about access to insights and making the right decisions at the right time in the right place. We do not know how much management actually helped in those cases, because the way you described the story does not suggest any particular managerial decisions from those people. They simply possessed certain information and had access to the necessary tools, and they successfully made use of both.

[SquallLeonhart]

Business requires multi-tasking if you are not starting with a huge capital, and that is why I would never be able to build a successful business. Crypto is different, I could maybe start a business related to crypto which would be fine, because I have been around for over a decade, and not many people were in bitcoin before 2015, so I know a lot about it and could maybe do it.

But normal regular business ideas that we all have? That is not really something I can come p with, that is not really easy task to do for me. Because you have to be the producer or gatherer (finding product or services) the marketing guy, the accountant, the shopkeeper, the janitor, the data entry, the designer, the coder, hell you need to be everything.

[Fortify]

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's honestly really difficult to run a business and while it's glamorized the media, most people are simply not cut out for it or don't have the drive to make it work. For all the success stories we see out there, thousands of others have sunk their life savings into such projects and lose it all on a failed idea. You might say bravo for even attempting it, but there are other people who are content working for another company - getting less rewards but often having more freedom in other aspects of their life. You don't generally get rich overnight with your own business, it can take 5 or 10 years of dedicated work to get to even a baseline level of profitability before it starts to snowball into something much bigger.

[HONDACD125]

Business requires multi-tasking if you are not starting with a huge capital, and that is why I would never be able to build a successful business. Crypto is different, I could maybe start a business related to crypto which would be fine, because I have been around for over a decade, and not many people were in bitcoin before 2015, so I know a lot about it and could maybe do it.

But normal regular business ideas that we all have? That is not really something I can come p with, that is not really easy task to do for me. Because you have to be the producer or gatherer (finding product or services) the marketing guy, the accountant, the shopkeeper, the janitor, the data entry, the designer, the coder, hell you need to be everything.

Well, there's not doubt about that, if you don't have the budget to hire a person for each task, you will need to manage everything yourself, or have a short staff that will manage everything but that is also not going to be easy because if you are planning to start a medium or high scale business, then you will have to have more employees to manage everything, but if it's just a small startup at first, maybe a team of two or three can be able to manage everything.

This is the reason why it's not easy for any normal person to start a big business all of a sudden, because if you are not starting small and scaling up over time, you will need a very big budget to start things off immediately, and most people don't have that much. Small businesses can also do good if they are managed well, it's all about starting a business in a place that you know is going to work, that's the main thing about starting a business, you have to do your homework before you do anything.

Starting a business without a proper plan and observations is useless as it is only going to waste your money and time.

[Miles2006]

This is not real most at times yet I must agree with op, business owners are more likely to benefit in every aspect including the present economy condition worldwide, from my observation I realized entrepreneurs are the most competitive set of individuals basically the person who has higher finance intend to do better compared to others reason why they get to employ the best. Aside business owners and employee, we still have well doing companies who pay 5x higher than most entrepreneurs who’s finding it difficult to stand firm, being wealthy depends on the area of field one has to offer for example these high paying companies are definitely looking for the best so at the end it’s all competition.

[Rain1620]

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?

The income of an employee i.e the salary earners is dependent on their working hours. But a business owner on the other hand is entitled to asymmetric leverage i.e they earn more income while wisely utilizing other people’s time, their ideas, energy and sometimes even Capital, to ensure demands are met.

 Wealth is acquired by taking a planned risk. Employees however always depend on that sustainability the predictable pay offers, and to some extent some are unwilling to take that financial risk. But a business owner is willing to take that risk of failure which in turn pays better than the salary earners. The risk taker which is the Business owner ends up acquiring the rewards of equity ownership.

 Apparently, our present financial system globally typically fosters the growth of asset rather than income earning. The salary earners mostly the public employees tend to suffer frequent tax on every salary that’s been payed, reducing their income for basic use and savings. While business owners can optimize their expenses, reinvest their earnings before taxes and utilize their capital gains afterwards, this has been historical benefits for businesses as they get to pay lower taxes.

[Obulis]

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?

The employment chances that makes employee millionaire particularly is very small compared to the other employees offices and also very few companies have chances where an employee can become a millionaire, as for billionaires, very very few employments chances, but saying that it is not possible is not guaranteed because some employees work with the CEO on sabbatical as in highest profile level as though shareholders and are been paid monthly because of their profound impact to the company. But the best and even faster thing has been building your business. But then in so many work place only few employees grows to that level or build themselves to that level.

Not to forget, some business people handle their business as employment and with that even if they do this business for more than 30 years they won't become rich except by chances. So it's not just about doing business or being employed but about the employment and the business in question.

Looking at your question, if employees becomes untouchable rich working with a company, is the company going to still make progress? And how many employees would still remain in that company?
Well, everything or so many things has its formula without which it won't come through or it hardly come through of which applying this formula or formulas makes its reality easier and possible.

[Woodie]

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?

The answer is simple, an employee has limited pay when it comes to wages which limits their capital growth as compared to a business that has no cap of how much it can bring even though it can have its ups and downs or rather no good business periods.

And btw, being an employee doesn't get you to rub shoulders with the whales because it's the boss that will be representing the company when that time comes.. meaning your influence as an employee is limited and only way to breakout of that cocoon is to be your own boss .

[fruktik]

In my view, your story speaks less about financial management and more about access to insights and making the right decisions at the right time in the right place. We do not know how much management actually helped in those cases, because the way you described the story does not suggest any particular managerial decisions from those people. They simply possessed certain information and had access to the necessary tools, and they successfully made use of both.

There's a saying: "Whoever controls information controls the world." Therefore, it's important not only to be in the right place at the right time, but also to have specific information that you can apply correctly. It's not always just about money.

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

[Etranger]

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

I am always skeptical of such stories, because I simply do not believe that you can make money out of nothing. Everyone has heard of such masterminds, and it's cool to watch movies or read books about them, but in real life, this just doesn't happen. It's more likely that these people are simply shrouded in myths that either they build about themselves or others spread about them. But we don't fully know the inner workings of this process: what is actually going on behind the scenes or what specific actions the person is taking. Therefore, it might look that way from the outside, but it is an impression based on ignorance and speculation, not on the actual state of affairs.

[MRY]

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

I am always skeptical of such stories, because I simply do not believe that you can make money out of nothing. Everyone has heard of such masterminds, and it's cool to watch movies or read books about them, but in real life, this just doesn't happen. It's more likely that these people are simply shrouded in myths that either they build about themselves or others spread about them. But we don't fully know the inner workings of this process: what is actually going on behind the scenes or what specific actions the person is taking. Therefore, it might look that way from the outside, but it is an impression based on ignorance and speculation, not on the actual state of affairs.

The view that nothing can be achieved instantly without effort is a highly sensible and realist view. Just the illusion of prosperity without sacrifice is oftentimes intentionally created in the interest of commercial gain of some parties in the general arena. By unravelling the layer of this myth it is possible to refocus on the development of real competencies, the basis of all sustainable value creation in the economy.

[Etranger]

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

I am always skeptical of such stories, because I simply do not believe that you can make money out of nothing. Everyone has heard of such masterminds, and it's cool to watch movies or read books about them, but in real life, this just doesn't happen. It's more likely that these people are simply shrouded in myths that either they build about themselves or others spread about them. But we don't fully know the inner workings of this process: what is actually going on behind the scenes or what specific actions the person is taking. Therefore, it might look that way from the outside, but it is an impression based on ignorance and speculation, not on the actual state of affairs.

The view that nothing can be achieved instantly without effort is a highly sensible and realist view. Just the illusion of prosperity without sacrifice is oftentimes intentionally created in the interest of commercial gain of some parties in the general arena. By unravelling the layer of this myth it is possible to refocus on the development of real competencies, the basis of all sustainable value creation in the economy.

It’s just that stories like these, of huge winnings or creating a multi-million dollar company out of nothing, become widely circulated and mythologized. And people start thinking of themselves as the next Steve Jobs, completely failing to compare his life conditions and path to success with their own, or with the economic and social conditions of the environment and society they are in. Yes, absolutely unexpected, lucky cases do happen sometimes, leading to a radical change in one's financial situation. But these are isolated stories, not common practice, which is how the media tries to portray them.

[Umulala-alala]

Even though most of the richest people in the world are from the business world, I have seen people that very rich that are working and earning salaries without owning businesses. There are multibillion dollars establishments that pay their employees very well to point that they are very rich, they can afford everything they ever want in their life. Let’s take footballers for example, they earn big money from salaries without owning businesses and they are rich.

Both business and working as a salary earner is good there are jobs that pays higher that even some business people can't be compare to it while there are also businesses that generates enough funds that salary earners can't also be compare with that's how it is so we can't say any is bad both are all good as long as money is at end of the day or weeks or months, salary earners are even in more advantage because they use money that they are been paid to also start up a business and start earning from both sides.

People are more attracted towards business because there is personal freedom. If you are employed, the amount of personal freedom is very limited and some employed people cannot give proper time to their family members. A businessman can give time to his family as per his wish and enjoy freedom. It is true that some employed people can earn more than a businessman. An honest and hardworking businessman may not be in a good financial position initially but gradually his condition improves but even if the financial condition of a employed person improves, it is limited to a certain extent. In my opinion, as well as business people can enjoy a free life they can also achieve a lot of progress financially.

I understand you very well dude there are people who don't want to be under anybody which will deprived them not to get there own time to do or go to anywere they wanted to go without thinking of taking any permission from any body they just choose to be boss of their self. One of the job i dislike most is been security personnel army or police officer this people hardly get time for there self and family no freedom and they are been transfer from one state to another, i can do any other work as long as it's putting food on my table but been an officer i can't.

[colinistheman]

The answer is simple, an employee has limited pay when it comes to wages which limits their capital growth as compared to a business that has no cap of how much it can bring even though it can have its ups and downs or rather no good business periods.

And btw, being an employee doesn't get you to rub shoulders with the whales because it's the boss that will be representing the company when that time comes.. meaning your influence as an employee is limited and only way to breakout of that cocoon is to be your own boss .

An employee's income has its limit, but that does not mean it can not grow or that there is no way to build wealth. There is no shortage of solution, such as improving skill, doing side job, or investing.
Similarly, opportunities to communicate and expand your network become more accessible when you actively develop yourself. Because wealthy people tend to connect with other who are capable, bring value and share the same growth mindset.

The problem for employees is not a lack of opportunity, but a lack of action.

[junder]

If we want to progress and improve our lives, then business is the best and if we want to live our lives like ordinary people and not bring any change, then unemployment is okay. For business, it is necessary to have some capital and some experience so that you can involve people in your business and make profit from your things. Sometimes there is a loss in business, but when profit comes, people say that there is much more profit in business. Therefore, business should be given priority so that life also goes well and there is more profit in it. Unemployment It depends on us how much effort we are working in our work or our luck does not allow us to progress. If we do not work with this thought, then it is nothing but foolishness.

Unemployment is a bad situation and it's a problem, I've been there and almost everyone seems to have been there including you. What I feel when I am in that situation is very uncomfortable because I don't have what I want so we must have an income whether it is by working or doing business.

The benefits of business are not always smooth, although we will definitely do our best but with the risks that we cannot avoid completely, lucky is someone who builds a business and does not experience problems (risks). Although doing business is better but being a worker is not bad.

[Nightwatchmare]

It will be very difficult to see an employee to be come rich just by the salary he/she will be receiving every month, because the money he/she will receive will be use to take care of himself/herself and family, After doing all of this there will be no money left to save in other to be come rich. But, when you embark on business, you will see that every blessed day you be making your money no matter how small it is. An employee with just a salary can never be come a millionaire, because salary is just a money for feeding and taking care of things that are not available for the moment and also why waiting for your salary for the month, you found out that you have borrowed money in different places that even when the salary comes there will be nothing left after paying all the debth you are owning but with the business you have invested in will make you rich in the space of no time. So, if anyone wants to become a billionaire business is the ultimate deal for that.

[Swordsoffreedom]

It will be very difficult to see an employee to be come rich just by the salary he/she will be receiving every month, because the money he/she will receive will be use to take care of himself/herself and family, After doing all of this there will be no money left to save in other to be come rich. But, when you embark on business, you will see that every blessed day you be making your money no matter how small it is. An employee with just a salary can never be come a millionaire, because salary is just a money for feeding and taking care of things that are not available for the moment and also why waiting for your salary for the month, you found out that you have borrowed money in different places that even when the salary comes there will be nothing left after paying all the debth you are owning but with the business you have invested in will make you rich in the space of no time. So, if anyone wants to become a billionaire business is the ultimate deal for that.

But you will not easily get rich, let alone a millionaire just by owning a business. Business does not automatically make you rich quickly. Business does not guarantee anything, the only thing it offer you is bigger opportunities. Whether or not you seize those opportunities is a completely different matter

That is why alongside the many who get rich through business, thousands of companies go bankrupt every year. Many people become homeless in a short period of time due to business failures

Business is a path to becoming a billionaire, but it is only for those with the courage to think big and act on it. It is not for everyone, and certainly not for those who only talk but never step out of their comfort zone.