Job vs Business: What’s Better?

 

Income generation doesn’t have to be too difficult.

Working as an employee:

Responsibilities:

Employees also have certain responsibilities towards the organization they work for which is their bread and butter. 

•  Schedule oriented routine – As an employee you work for someone else. This means you have to conform to the schedule and timings they give you. This works out for people who have a certain portion of their day to dedicate to work and can use a constant schedule.
•  Conformity – As an employee you have to conform to the rules and regulations of the organization you work for. There are certain tasks assigned to you that you have to perform regardless of your preferences. Your employer expects you to be able to work according to their requirements.

Owning a business:

Operating a business puts you at the crossroads of decisions and responsibilities. 

Responsibilities:

• Vision and execution – Owning a business means that you are responsible for the vision of the business. As the business owner and probably being the first person to execute your idea, you have to be able to think clearly in the long-term and short-term for the benefit of your business and customers alike.
• Recruitment and resource management – As the owner of your business, you will also realize that you cannot do everything on your own. You are responsible for hiring and firing staff as required and your decision relies on the quality of your judgment. You are also responsible for effectively managing your resources to help your business grow.
• Decision making – Making decisions is your full-time job if you run a business. As the decision making authority, your choices will reflect upon the performance of your business. Whether it is hiring employees or deciding what your social media strategy should be, it is for you to think about.

Conclusion:

After going through all these points it should be clear which one is the right choice for you. If confusion still persists, then think about what you should and can do in your position. If you already have too many responsibilities, then you can consider working as an employee till you can invest in a long-term idea.

Otherwise if you think you can sustain the first few years of struggle with your business and manage your life accordingly and find an idea worth working on, then you can think about investing yourself in business.