Business vs Employment

[Byebyebtc]

Well although most millionaires and billionaires are business owners, I still believe there are high-paying jobs that can make someone a millionaire or even a billionaire. Most of the wealthy business owners we see today started by working for someone else before they were able to find their footing and build their own businesses. A well-paying career can provide the capital, experience, network, and industry knowledge needed to create wealth over time.

But then business ownership often offers greater potential for scaling wealth because your income is not directly tied to the number of hours you work. While a high-paying job can make someone financially successful, combining professional expertise with investment is  what takes people from being comfortable to becoming truly wealthy in this life.

In today's world starting up a business has become more difficult, in terms of raising capital, connections and ideas. So it is a valid point that to become a millionaire in today world you will need a job at first before the business comes next. The job will not only provide the capital you need, but it will still give you ideas on how to manage your business, and also most cases give you connection as well.

Although some people still have a good start without a Job, but if your interested is to get to be rich, I will advise to not exclude getting a job, because that can play a big role in building a good foundation for your financial journey.

[tiCeR]

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?

How is this a question? It is more stupid than just being circular reference. If you have a salary, calculating when you could theoretically be a millionaire is easy. What is your point? I don't get it and it makes no sense. If you decide to found your own business, you are entitled to all the income this business may or may not generate. You are questioning an issue that makes no sense to be questioned.

[Berry2d]

I don't believe that , there are so many persons I know that works and earn huge amount ,they don't have a personal business but what most of them do is set up a business for their wives,them some work and use their money to invest in another business ,I think there reason could be,if they keep earning high amount ,housing expenses,car maintenance, children school fees and all the rest many still make them broke that is why most of them invest in a business just to balance up,so I can't say business made all the millionaire or billionaires ,some work does them they just invest wisely on a profitable business.

That money generating business most salary works established for themselves is the only difference that exists between them and others that depends on salary jobs for survival.  I talking now was once a salary earner, I know how different it was meeting end needs especially now that there is uncontrollable inflation, but all this is never to  criticise or discourage those depending on salary for survival but just to expose them to the hidden secrets of life that is always hidden to all except for those willing to know the mysterious path of wealth that is always hidden.
To become successful,  business establishment is the only answer to all because a time shall come when once services will no longer be needed in that establishment and then the only way out is  business 

[tiCeR]

I don't believe that , there are so many persons I know that works and earn huge amount ,they don't have a personal business but what most of them do is set up a business for their wives,them some work and use their money to invest in another business ,I think there reason could be,if they keep earning high amount ,housing expenses,car maintenance, children school fees and all the rest many still make them broke that is why most of them invest in a business just to balance up,so I can't say business made all the millionaire or billionaires ,some work does them they just invest wisely on a profitable business.

That money generating business most salary works established for themselves is the only difference that exists between them and others that depends on salary jobs for survival.  I talking now was once a salary earner, I know how different it was meeting end needs especially now that there is uncontrollable inflation, but all this is never to  criticise or discourage those depending on salary for survival but just to expose them to the hidden secrets of life that is always hidden to all except for those willing to know the mysterious path of wealth that is always hidden.
To become successful,  business establishment is the only answer to all because a time shall come when once services will no longer be needed in that establishment and then the only way out is  business 

It is not the money all the time, it is the idea that you either want to take the risk or don't. I can understand if you say I don't want to take the risk.

Basically the risk is small if you don't thin thart everyone who submits an opinion is right. Have your own ideas.

[Sexylizzy2813]

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?

Going to work for other companies is like you going for a life changing lesson that is if you have the idea of what you would get after the few years you'd spend in that company. Some persons go to work for a company because they love what is going on in that company, not that they have the experience but they'd love to be like the owner of that particular company and they have the hope of getting a place of their own using almost the same format, not everyone who chooses to work for a company will want to come out as a business owner that's why you see some persons spend more than 10yrs working for a particular company without any plan to go out and have something of their own.
For those want to get a place of their own, it would make the individual that went to learn to know how best to manage his own company that is why we have businessmen excelling more, some persons don't just become a rich businessman on his own, many work under someone before getting a place of their own and they try to make sure it will be better than where they got the knowledge from.

[Out of mind]

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?

Basically, in this world, most of the millionaires and billionaires are business and company owners who can get rich quickly. But one thing is that the employees of those companies cannot fulfill their dreams and become rich even after working hard all their lives. Basically, the main reason for this is the low salary that they cannot save much money after saving money for years. Those who work cannot save much money for investment, basically their money runs out to meet their living needs. Those who are employed work for a low salary, but at some point it is seen that their savings are not very much, due to which they cannot start a business and investment. If someone can do business and investment, then he has the possibility of becoming rich, but those who work for a low salary and cannot earn much, they can never become rich, they remain middle class. That is why those who have enough money invest in different places and keep money in business, put a lot of their money in the stock market, at some point it is seen that they get a lot of money from somewhere, which makes them the owner of more money.

[Negotiation]

Basically, in this world, most of the millionaires and billionaires are business and company owners who can get rich quickly. But one thing is that the employees of those companies cannot fulfill their dreams and become rich even after working hard all their lives. Basically, the main reason for this is the low salary that they cannot save much money after saving money for years.

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

[fuguebtc]

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

Working for someone else also carries risks such as job loss, unstable income, or dependence on the company's situation. But yes, those risks are still significantly lower compared to running your own business because they remain within our control and are much easier to recover from.

Frankly, most of us want to be rich but are afraid and unwilling to face the risks. Most people prefer to stay within their comfort zone rather than stepping out of it to break their own limits.

[slapper]

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?

Going to work for other companies is like you going for a life changing lesson that is if you have the idea of what you would get after the few years you'd spend in that company. Some persons go to work for a company because they love what is going on in that company, not that they have the experience but they'd love to be like the owner of that particular company and they have the hope of getting a place of their own using almost the same format, not everyone who chooses to work for a company will want to come out as a business owner that's why you see some persons spend more than 10yrs working for a particular company without any plan to go out and have something of their own.
For those want to get a place of their own, it would make the individual that went to learn to know how best to manage his own company that is why we have businessmen excelling more, some persons don't just become a rich businessman on his own, many work under someone before getting a place of their own and they try to make sure it will be better than where they got the knowledge from.

Some people don't leave because the company became their identity. You enter at 23 and you are looking to learn. And around year 5 or 6 the learning stops but the comfort doesn't. One of the most lethal forces in a human being's life is comfort. It seems like it's stable, but really, it's stagnant.

Some people stay because they genuinely found something they're good at inside someone else's system. Not all the people require to be the owners of the building to feel as though they created it. Self-actualization doesn't require entrepreneurship. It requires alignment between what you do and who you actually are.

Those who do get out, however, weren't really employees in the first place. They were always observers. Taking notes. Studying decisions. It's a very different relationship with labour.

[Bitcoin.com97]

I don't believe that , there are so many persons I know that works and earn huge amount ,they don't have a personal business but what most of them do is set up a business for their wives,them some work and use their money to invest in another business ,I think there reason could be,if they keep earning high amount ,housing expenses,car maintenance, children school fees and all the rest many still make them broke that is why most of them invest in a business just to balance up,so I can't say business made all the millionaire or billionaires ,some work does them they just invest wisely on a profitable business.

That money generating business most salary works established for themselves is the only difference that exists between them and others that depends on salary jobs for survival.  I talking now was once a salary earner, I know how different it was meeting end needs especially now that there is uncontrollable inflation, but all this is never to  criticise or discourage those depending on salary for survival but just to expose them to the hidden secrets of life that is always hidden to all except for those willing to know the mysterious path of wealth that is always hidden.
To become successful,  business establishment is the only answer to all because a time shall come when once services will no longer be needed in that establishment and then the only way out is  business 

I have always tell myself one thing , that salary cannot give one the kind of life they want , depending only on salary can't really save you  all the time, which I understand perfectly well for a very long time ,but as I'm growing I have also come to understand that most lifestyle people show off they began somewhere,I have friends that are salary earners from there they invest their money into good business that is booming so well for them ,one even started gold business which he make almost his monthly salary in a week or two ,so with the way prices are going up everyday ,I know salary cannot get you the life you desire ,everyone need something to add up to what is already existing in there lives .

[puloweh555]

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

Working for someone else also carries risks such as job loss, unstable income, or dependence on the company's situation. But yes, those risks are still significantly lower compared to running your own business because they remain within our control and are much easier to recover from.

Frankly, most of us want to be rich but are afraid and unwilling to face the risks. Most people prefer to stay within their comfort zone rather than stepping out of it to break their own limits.

A common problem in life is the same: a strong desire for wealth but a strong aversion to risk and discomfort. Most people are afraid to step out of their comfort zone because they are often more afraid of loss than the potential gain which is equally great. So, the real difference isn't just about high risk versus low risk but about who is willing to take the risk. In a company, the company primarily bears the risk, but in your own business you bear all the responsibility.

Essentially to achieve success you must dare to step outside your comfort zone. The most successful people are usually not the smartest, but those most willing to take calculated risks and learn quickly from failure. Working in a company certainly carries risks as does owning your own business the decisions we make will determine our future prospects.

[fredericktaylor]

I don't believe that , there are so many persons I know that works and earn huge amount ,they don't have a personal business but what most of them do is set up a business for their wives,them some work and use their money to invest in another business ,I think there reason could be,if they keep earning high amount ,housing expenses,car maintenance, children school fees and all the rest many still make them broke that is why most of them invest in a business just to balance up,so I can't say business made all the millionaire or billionaires ,some work does them they just invest wisely on a profitable business.

That money generating business most salary works established for themselves is the only difference that exists between them and others that depends on salary jobs for survival.  I talking now was once a salary earner, I know how different it was meeting end needs especially now that there is uncontrollable inflation, but all this is never to  criticise or discourage those depending on salary for survival but just to expose them to the hidden secrets of life that is always hidden to all except for those willing to know the mysterious path of wealth that is always hidden.
To become successful,  business establishment is the only answer to all because a time shall come when once services will no longer be needed in that establishment and then the only way out is  business 

I have always tell myself one thing , that salary cannot give one the kind of life they want , depending only on salary can't really save you  all the time, which I understand perfectly well for a very long time ,but as I'm growing I have also come to understand that most lifestyle people show off they began somewhere,I have friends that are salary earners from there they invest their money into good business that is booming so well for them ,one even started gold business which he make almost his monthly salary in a week or two ,so with the way prices are going up everyday ,I know salary cannot get you the life you desire ,everyone need something to add up to what is already existing in there lives .

With time, human needs increase and people need sufficient amount of money to fulfill their needs, nowadays it is never possible to reach the desired goal in life through salary because our expenses are more than our income. In reality, the way of all those who have reached their desired goal or have been able to create a position was not easy at all, their day were very difficult and painful. However, to reach a specific goal a person needs to have a calm mindset along with knowledge money and patience. The way to success is never easy, for this you have to make a lot of sacrifices as a result of which you can gradually reach your goal. The will to reach a specific goal makes the difficult way easy, as a result of which a person can gradually move forward a long way.

[ChocolateBitcoinK]

Basically, in this world, most of the millionaires and billionaires are business and company owners who can get rich quickly. But one thing is that the employees of those companies cannot fulfill their dreams and become rich even after working hard all their lives. Basically, the main reason for this is the low salary that they cannot save much money after saving money for years.

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

Many people think like this, to do business you have to have your own funds first, and there is also risk with it, where there can be huge losses, because of all these thoughts they go towards jobs instead of business. But they do not understand that if they take the risk of this business once and keep going, and if they do everything right and start getting an effective result, then this will change their fate. But jobs can never give you much success, because here you have to be limited to that certain amount.

[letteredhub]

Basically, in this world, most of the millionaires and billionaires are business and company owners who can get rich quickly. But one thing is that the employees of those companies cannot fulfill their dreams and become rich even after working hard all their lives. Basically, the main reason for this is the low salary that they cannot save much money after saving money for years.

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

Both owning a business of your own and being an employee comes with their own peculiar risks and it's just left to the individual to choose the risk he is willing and ready to face but one thing is for sure that if you could eventually become a successful business owner you definitely gonna be madly rich creating a generational wealth, but it's never same for just being an employee where the organisation you working with/for has to experience about a 10x expandmsiolve growth before you as an employee can be affected with a 1% growth somehow through salary increase or allowances. Which get eating easily with the wild inflation of today's.

[tottong]

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 reason is simple because when you become an employee the salary you get is quite limited and how is it possible for someone who works as an employee to achieve wealth like a business owner or someone who runs an investment.
It shouldn't be too complicated to understand because when someone becomes an employee their salary is already measured and not to mention the increase in prices of goods so the salary we get is not enough.
But that doesn't mean that someone who has been an employee doesn't have the opportunity to achieve wealth because there are some rich people who actually came from being ordinary employees.

When someone has the ability to manage finances well then in their job position as an employee they can prepare certain steps such as how someone can set aside money to invest or build a business, even though it requires a long process to achieve success in business or investment because the capital they have is limited.

[Minor Miner]

Basically, in this world, most of the millionaires and billionaires are business and company owners who can get rich quickly. But one thing is that the employees of those companies cannot fulfill their dreams and become rich even after working hard all their lives. Basically, the main reason for this is the low salary that they cannot save much money after saving money for years.

Well, In most cases, people choose a job over a business because there are often losses when doing business, so people do not want to take risks. They can have their own business and their own employment, but most people do not want that. Everyone wants to work in someone else's organization. Because there is no risk in working in someone else's organization.

Both owning a business of your own and being an employee comes with their own peculiar risks and it's just left to the individual to choose the risk he is willing and ready to face but one thing is for sure that if you could eventually become a successful business owner you definitely gonna be madly rich creating a generational wealth, but it's never same for just being an employee where the organisation you working with/for has to experience about a 10x expandmsiolve growth before you as an employee can be affected with a 1% growth somehow through salary increase or allowances. Which get eating easily with the wild inflation of today's.

Owning or succeeding in business does not automatically mean becoming wealthy. That will depend on the scale of the business as well as its revenue. You will not be able to become rich and accumulate a huge fortune if your business is only small in scale.

Moreover, being an employee may limit your wealth building potential, but it is generally more stable than running a business. Business offer the potential for wealth creation, but it also carries many risks, unstable income, and worse, can lead to bankruptcy.
That's why most people end up choosing to become employees rather than starting their own businesses.

[Ayers]

Many people think like this, to do business you have to have your own funds first, and there is also risk with it, where there can be huge losses, because of all these thoughts they go towards jobs instead of business. But they do not understand that if they take the risk of this business once and keep going, and if they do everything right and start getting an effective result, then this will change their fate. But jobs can never give you much success, because here you have to be limited to that certain amount.

Have you ever run or currently running a business?

From personal experience and from witnessing the failures of my friend, I can confirm that risk in business are real. And daring to step out of your comfort zone and persistently pursuing your goal does not automatically guarantee success. Courage and determination are necessary, but they are not a guaranteed ticket to success and wealth for you. How to succeed in business is a very complex issue, it is not as easy as we think and say.

Many people choose to be employees because they do not understand business or because they are afraid. But many others choose to be employees because they know who they are and their limitation. Business is not for everyone, and it is easier said than done.

[Sexylizzy2813]

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?

Going to work for other companies is like you going for a life changing lesson that is if you have the idea of what you would get after the few years you'd spend in that company. Some persons go to work for a company because they love what is going on in that company, not that they have the experience but they'd love to be like the owner of that particular company and they have the hope of getting a place of their own using almost the same format, not everyone who chooses to work for a company will want to come out as a business owner that's why you see some persons spend more than 10yrs working for a particular company without any plan to go out and have something of their own.
For those want to get a place of their own, it would make the individual that went to learn to know how best to manage his own company that is why we have businessmen excelling more, some persons don't just become a rich businessman on his own, many work under someone before getting a place of their own and they try to make sure it will be better than where they got the knowledge from.

Some people don't leave because the company became their identity. You enter at 23 and you are looking to learn. And around year 5 or 6 the learning stops but the comfort doesn't. One of the most lethal forces in a human being's life is comfort. It seems like it's stable, but really, it's stagnant.

Some people stay because they genuinely found something they're good at inside someone else's system. Not all the people require to be the owners of the building to feel as though they created it. Self-actualization doesn't require entrepreneurship. It requires alignment between what you do and who you actually are.

Those who do get out, however, weren't really employees in the first place. They were always observers. Taking notes. Studying decisions. It's a very different relationship with labour.

Working for someone is stressful and is like a trap the owner set for those coming to always stay and not to go, if anyone who does well and would like to leave the owner will look for a way to keep that person and the only way is by increasing his pay, this has been a way to trap down many people and it is working so that is one of the reasons why working for someone doesn't give more.
That is why I say some persons do join some companies just to learn, they know what they want while some do go just for the money and these sets of people are the type that will stay till they go old, that is why you'd see some people bragging that they have stayed for more than 30 to 40 years working for the company, not that they don't have plans but they prefer staying there until the owner says is enough that is when you see them making plans for themselves.

[letteredhub]

Both owning a business of your own and being an employee comes with their own peculiar risks and it's just left to the individual to choose the risk he is willing and ready to face but one thing is for sure that if you could eventually become a successful business owner you definitely gonna be madly rich creating a generational wealth, but it's never same for just being an employee where the organisation you working with/for has to experience about a 10x expandmsiolve growth before you as an employee can be affected with a 1% growth somehow through salary increase or allowances. Which get eating easily with the wild inflation of today's.

Owning or succeeding in business does not automatically mean becoming wealthy. That will depend on the scale of the business as well as its revenue. You will not be able to become rich and accumulate a huge fortune if your business is only small in scale.

Moreover, being an employee may limit your wealth building potential, but it is generally more stable than running a business. Business offer the potential for wealth creation, but it also carries many risks, unstable income, and worse, can lead to bankruptcy.
That's why most people end up choosing to become employees rather than starting their own businesses.

Actually true that there are small scale business starters but so far as success is being made with the business progressing then it's gradually going to grow from a small scale to a large scale etching on the business ideas and innovations deployed. Creation of wealth on a business pedestal doesn't come at once but gradually except on grounds of fraud.

Yes, you're right, limitations applies to being an employee as there are certain height you may not reach by just being an employee because am not sure there's any employee that has grown in net beyond that of the organisation they working for. For those that ain't risk takers they would more conveniently prefer being an employee over an entrepreneur but nevertheless they have their specific risks as I stated previously.

[junder]

Working for someone else also carries risks such as job loss, unstable income, or dependence on the company's situation. But yes, those risks are still significantly lower compared to running your own business because they remain within our control and are much easier to recover from.

Frankly, most of us want to be rich but are afraid and unwilling to face the risks. Most people prefer to stay within their comfort zone rather than stepping out of it to break their own limits.

It's true what you said, working for other people also has risks as you said, I once had a job where my boss was not good because he did not pay attention to his workers but preferred his hobbies while the business was unstable so I experienced delays in salary payments for almost weeks.

And with business of course it is a good thing because I myself want to have a business that I dream of, but yes with risk it is definitely there, it's just that I will definitely do my best like doing research first before starting it.