To take a job or to make a job, that is, was and will be an eternal the question? That question has always been on the mind of lots and lots of people. What career path should they go? Should they start up a small business or should they work for someone else. There will always be pros and cons for each decision. Let us compare being an employee and being the employer. Maybe it can help us see the world in both of their perspective.
Entrepreneur:
• They risk having little job security to become wealthy. • Can on for years or months without having paycheck. • Willing to work long hours especially when starting up the business. • There’s always a chance for that big payoff. • They build their own company’s assets. • Love’s risk or has high tolerance for it • Doesn’t have to be worried about getting fired. (just getting broke) • He or she does the interviewing. • Willing to go for adverse and calculated risks. • Creates a system for the benefit of company and themselves. • Taxes are based on the company’s net income. • Builds the asset to buy other assets. • Invests from the inside of the company. • Can be able to start other smaller companies. • Adapts to change quickly. • Hard to be able to juggle things at the same time, such as family, especially during start-up. • Be able to attain larger credit limits because of the business. • If venture succeeds, there’s a chance for financial security. • The creator of systems. • Has the say on who is the proper fit for the company. • Has the say on what direction the company will be going. • Able to use various skills. • Something new done often. • Can still make money when sleeping.
Employee:
• Would love to have a secure job to become wealthy. • Happy receiving and waiting for their paycheck to arrive and have a raise. • Working at regular times seems to sound good. • Constant pay that takes a long time to grow. • They work to build the asset of the entrepreneur. • Scared of risk • Always has a big target on his or her back of potentially being fired. • He or she gets interviewed. • Opposes risks • Builds the system for the employers. • Taxes are based on total income. • Has a hard time building assets. • Needs to invest to other companies or stocks. • There will be a contract that you can not be able to create a similar company. • Adverse to change. • Has ample time for family and hobbies. • Tough to get a bigger credit. • Goes through the rat race for a long time to achieve financial security or wealth. • Works for the system. • Looks for a company to work for. • Only has say in the company when asked. • Limited only to what is asked to be done. • Repetitive jobs. • Makes money while awake.
Hopefully the pros and cons have helped you see the world from both sides. Whatever decision you make is up to you. There will be some willing t work for a couple of years to see the system and eventually emulate it. There are some willing to jump directly in the world of sharks. Whatever choice you make, do the best out of it and I’m sure you’ll be successful, no matter what road it is. More information on Business can be found in www.business-00.info Magalie Noel Dresse is the Webmaster of http://www.business-00.info, an informative site on small business.
