A career - as an employee or a business owner which do you prefer and why? - page 4.

barisbilgili

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Quote from: Lida93 on December 27, 2023, 08:19:45 AM

There are challenges and obstacles within the business environment that could deter a person from continuing to run a company which you have mentioned few key factors to that effect and for many when they analyze and compare the weight to bear in becoming a successful business owner to that of just gaining the needed set skills and education to be gainfully employed a whole lot of people decides to be employed and be contented with any level of success they can attain under such status.

Moreso like you had mentioned "another person reaping you off" before you could even stand sturdy, as in, the competition alone has made a good number of person's with business ownership mindset to drop the dream because they couldn't match in the competition and the politics against those that have already gained a higher ground in that line of business over you.

When someone decides to run a business, of course they have carefully studied the risks that exist in the business and have also thought about how to overcome them well so that the business they run can survive various obstacles. Some people who decide to work will of course be ready. with all the responsibilities that will be given to them and it is very different from those who decide to run a business, they have to manage all their business needs themselves without anyone controlling them.

If we are not confident in our business abilities, it is better for us to keep working for other people, because if we continue to force ourselves to build a business, of course this will not last long because we will not be able to survive with the business.

Lida93

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Quote from: Fortify on December 26, 2023, 03:47:11 PM

Quote from: Lida93 on November 24, 2022, 06:40:49 AM

In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business.

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually.

Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

Let's begin!

It is a lot harder to be a business owner and the reward is sometimes not worth the effort. You soon start to realize that so many "hidden" costs need to be factored in and covered by the price of your product or service before you can make a profit. Things like business insurance, postage fees, server hosting, stationary, covering the cost of your vehicle wear and tear, plus so much more. That you will probably not have to think about as the employee of a bigger company. You can reap a lot bigger rewards as the owner, but only if the market is big enough and you're able to scale to the right size before someone else tries to hop on your idea. Otherwise you can end up in a rather unprofitable or break even limbo which is the worst of both worlds.

There are challenges and obstacles within the business environment that could deter a person from continuing to run a company which you have mentioned few key factors to that effect and for many when they analyze and compare the weight to bear in becoming a successful business owner to that of just gaining the needed set skills and education to be gainfully employed a whole lot of people decides to be employed and be contented with any level of success they can attain under such status.

Moreso like you had mentioned "another person reaping you off" before you could even stand sturdy, as in, the competition alone has made a good number of person's with business ownership mindset to drop the dream because they couldn't match in the competition and the politics against those that have already gained a higher ground in that line of business over you.

Egii Nna

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Quote from: Lida93 on November 24, 2022, 06:40:49 AM

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

To be sincere with me, I will like to be the employer, not the employee, since I have never dreamed of working under someone just because I find it so irritating because if you, as an employee, work under the company of someone, your needs in life are limited because anything you need to purchase in this world or your daily or monthly experience must be on budget based on the salary that you will get paid at the end of the work day, but if you have no option, you have to manage and work under someone so that you can survive.

If you are the owner of the company, you are in a position to employ others. which is the chapter I love the most in my life. I hate being disturbed about something, and I also hate disturbing someone because I usually think that person that I will disturb will feel the same, to hate being disturbed, so I will like to employ others so that we can work together to earn more and sustain each other. I know I am the owner of the company, but I will make the company like a big family where you will have all the freedom to do the right thing, but if you are found a victim of doing the wrong or illegal act, I can do what is not expected, but to be sincere, working under someone’s company is somehow irritating, unless there is no option.

Fortify

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Quote from: Lida93 on November 24, 2022, 06:40:49 AM

In life we have different folks with different likes and preference. There are people that chosed to go into business as businessmen from scratch and turned out to be business tycoons and movers and shakers of the industries with some few years in business.

While on the other hand some other person chosed to be employees as in working for those that owns business organisations/companies and yet still made it in life to an enviable climax. Perhaps cause that's what they love and have enthusiasm for rather than being an entrepreneur which perhaps might not have worked out well for their career eventually.

Either way, be it a business owner or an employee there are some other people who venture into either of them made no success too. Life can be somehow unfair, right? No! Life isn't unfair, for that's how the cosmos works. So everyone can't just win on a particular thing, definitely not everyone

Now let's have a discussion about it all, for between being an employee to work for some other person's establishments/organization/company and rather taking time/years to establishing your own company and not working under an employer but rather you being the employer, which will you chose and please ensure to back up your choice with reasonable thoughts, as it could be a guide to some other person's that might be reading this tread.

Let's begin!

It is a lot harder to be a business owner and the reward is sometimes not worth the effort. You soon start to realize that so many "hidden" costs need to be factored in and covered by the price of your product or service before you can make a profit. Things like business insurance, postage fees, server hosting, stationary, covering the cost of your vehicle wear and tear, plus so much more. That you will probably not have to think about as the employee of a bigger company. You can reap a lot bigger rewards as the owner, but only if the market is big enough and you're able to scale to the right size before someone else tries to hop on your idea. Otherwise you can end up in a rather unprofitable or break even limbo which is the worst of both worlds.

Hamphser

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Quote from: eightdots on December 26, 2023, 01:11:57 PM

Quote from: Fivestar4everMVP on May 08, 2023, 03:29:22 PM

Right from my young age, I've hated working for people, I've always dreamt of employing hundreds of people, though in my journey through life, I've worked for several companies, but in all my years of working for those companies, one thing that have always been on my mind was how I would start my own company some day.

Though I am not there yet as of today, but that dream is still here with me, owning big businesses around the world is a target I hope to achieve before I turn 70 , and to achieve this, I am happy I have a business I am currently managing today, and growing bit by bit, and I've never been more happier in my life, I choose to own my own businesses over working for other people, simply because, it's what I love doing.

Having a purpose is a wonderful thing. A person who moves towards his goals and develops himself benefits both himself and his environment. You work in a company and you have a chance to understand what working conditions are like for an employee. If one day you reach your goal, you can improve the working conditions for your employees.

When you start your own business you will see the advantages of working. I think that investing in employees in a business always gives positive returns to the business. You are an employee, you know the shortcomings and what managers need to do. When you reach your goal, you have to close these gaps in your own business and value your employees. Most businesses don't do that and it's a very important issue.

Really that impossible that someone doesnt really have a goal nor really have those wishes and objectives in life on which we are really that trying out to aim to have a better life on which it would really be just that normal that we are really that wishing on having comfortable way of living on which it is really just that normal that we would really be needing to act for it to happen. Peoples succeed would really that determine
on how hard they do work to achieve their dreams or wont really be doing any actions at all. Some would really be taking up some actions and some wont really care at all and this is why we do really be able to see different situations or conditions on which people would be having those kind of results into their lives.

Some might be able to reach out their goals because they work hard for it and there are ones who do still keep into their places just because they are really just that lazy on doing things
and really just that contented on the current condition that they are in and wont really be tending to make out some decisions on trying to move
on at least achieving their goals in life.

Obim34

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Quote from: Unbunplease on May 08, 2023, 06:25:58 PM

The important thing is that as an employee you have gained business experience and the necessary business connections. And your reputation is probably quite high. It is quite difficult to start a business without going through certain stages of development. When you get off the beaten track, everything becomes much easier.

It's not as easy as we think just waking up and owning a business, certain skills and knowledge is needed which in this case experience becomes the best teacher and not reading books or from the internet. It is said you need to render service at first before you can be served. It is important we get to take few years experience from experts before starting one's own business, deploying management skills into our business learnt from working under someone.

jeha2015

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Hi @wmaurik, you've highlighted an essential aspect of career development. Gaining experience as an employee, building business connections, and earning a solid reputation can be crucial steps toward eventually becoming a successful business owner. It's a path that many choose, leveraging the skills and knowledge acquired during their employment to kickstart their entrepreneurial journey.

Ideally, in building a business or developing a career, we should at least have experience working as an employee or at least have knowledge. Because without this, even if we have money to build a business, the percentage of success will be small.

That's why if you see people who are successful in business or career, if you ask them, they will definitely have worked somewhere else, after they have gained experience or have had sufficient skills, they will then open a business independently.

DYING_S0UL

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Quote from: Unbunplease on May 05, 2023, 07:42:51 PM

The problem with the career of a salaried employee is that he can always be fired, and then because of competition or age he will no longer be able to get a similarly paid position. A business owner - if he has successfully found his niche, he is more firmly established on his feet. Of course, the risk of the business owner is greater, but there are also many advantages

Both have different advantages and disadvantages. To be honest, I think it really does depend on the person. If it were me, I would have chosen to set up my own business. Of course, it poses many risks and challenges. But if one had experience and was smart, he could easily overcome those. He could start small and grow the business over time, minimizing the risks.

eightdots

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Quote from: Fivestar4everMVP on May 08, 2023, 03:29:22 PM

Right from my young age, I've hated working for people, I've always dreamt of employing hundreds of people, though in my journey through life, I've worked for several companies, but in all my years of working for those companies, one thing that have always been on my mind was how I would start my own company some day.

Though I am not there yet as of today, but that dream is still here with me, owning big businesses around the world is a target I hope to achieve before I turn 70 , and to achieve this, I am happy I have a business I am currently managing today, and growing bit by bit, and I've never been more happier in my life, I choose to own my own businesses over working for other people, simply because, it's what I love doing.

Having a purpose is a wonderful thing. A person who moves towards his goals and develops himself benefits both himself and his environment. You work in a company and you have a chance to understand what working conditions are like for an employee. If one day you reach your goal, you can improve the working conditions for your employees.

When you start your own business you will see the advantages of working. I think that investing in employees in a business always gives positive returns to the business. You are an employee, you know the shortcomings and what managers need to do. When you reach your goal, you have to close these gaps in your own business and value your employees. Most businesses don't do that and it's a very important issue.

wmaurik

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Quote from: Unbunplease on May 08, 2023, 06:25:58 PM

The important thing is that as an employee you have gained business experience and the necessary business connections. And your reputation is probably quite high. It is quite difficult to start a business without going through certain stages of development. When you get off the beaten track, everything becomes much easier.

What you say is very appropriate and I agree with this because there are many examples of people around me in their life environment where they work and seek experience while earning money for themselves in order to be able to gain knowledge and broader business relationships so that one day later they leave their jobs, they can immediately open and run their own business with minimal capital.

I think this kind of thing is very common and even often happens in the lives of many people because everyone who can really take advantage of the opportunity to earn money, experience and knowledge for himself will find it easier to become successful and independent in his life after they are no longer under contract with the company where they work for a living. And I think that's the way to a very good career path in business.

Unbunplease

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Quote from: Fivestar4everMVP on May 08, 2023, 03:29:22 PM

Right from my young age, I've hated working for people, I've always dreamt of employing hundreds of people, though in my journey through life, I've worked for several companies, but in all my years of working for those companies, one thing that have always been on my mind was how I would start my own company some day.

Though I am not there yet as of today, but that dream is still here with me, owning big businesses around the world is a target I hope to achieve before I turn 70 , and to achieve this, I am happy I have a business I am currently managing today, and growing bit by bit, and I've never been more happier in my life, I choose to own my own businesses over working for other people, simply because, it's what I love doing.

The important thing is that as an employee you have gained business experience and the necessary business connections. And your reputation is probably quite high. It is quite difficult to start a business without going through certain stages of development. When you get off the beaten track, everything becomes much easier.

Fivestar4everMVP

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Right from my young age, I've hated working for people, I've always dreamt of employing hundreds of people, though in my journey through life, I've worked for several companies, but in all my years of working for those companies, one thing that have always been on my mind was how I would start my own company some day.

Though I am not there yet as of today, but that dream is still here with me, owning big businesses around the world is a target I hope to achieve before I turn 70 , and to achieve this, I am happy I have a business I am currently managing today, and growing bit by bit, and I've never been more happier in my life, I choose to own my own businesses over working for other people, simply because, it's what I love doing.

KiaKia

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As much as I hate being employed and work under someone there was nothing that i can do about it, your journey needs to start from somewhere, you need to at least make some money or some funds before you can stand on your own and maybe create your own company or start your own business or whatever but you have to start from somewhere.

You will have to be employed at first even if you don't like it or you have promised yourself to never work under anyone, but I spent most of my life working under a boss and I work a lot until I realise that is not worth it and I spent most of the money I made from my jobs on myself to take good care of myself because as hard-working as I was at that time it affected my health.

Iadegbola34

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I agree that everyone has their own preferences and strengths, and it's important to find what works best for you.

As for the choice between being an employee or an entrepreneur, it ultimately depends on the individual's goals, interests, and risk tolerance. Being an employee can provide stability, benefits, and a steady paycheck, but may not offer the same level of control or potential for financial success as being an entrepreneur.

On the other hand, starting your own company can be rewarding and provide opportunities for personal and financial growth, but also involves more risk, uncertainty, and responsibility.

It's important for individuals to carefully consider their options and make a decision based on their own values and goals. Both paths can lead to success, and there is no one "right" choice.

smile1218

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A career as a businessman for me because being a businessman we have control over our work and time, As a businessman it has a greater potential to earn more money. Being a businessman is risky because we need to dedicate more time and effort to our company. As we all know if we stay as an employee it is hard to achieve higher goals because we are dependent to the stable salary that we are receiving. Thats why i choose to be a businessmen so that i can reach the goals that i wanted.

Unbunplease

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Quote from: Twentyonepaylots on May 07, 2023, 05:28:40 PM

Just like the majority, most really need to be an employee at first since not everyone has the capacity to make themselves have all the resources that they need such as capital for a business. Business is a risk so before taking into this, a great paying job as an employee is a great start to make ourselves financially stable enough for us to embark into the world of business. So, personally, I would prefer for now to be an employee since that is the best for my case and situation and I just really hope that I can have my own business in the future since I'm the type of person who actually do not want to be an employee forever.

Of course, being a salaried employee first, you will gain some experience and connections. The main thing is whether or not you decide to go freelance afterwards. A salaried employee has much less responsibility and problems. The business owner has to live on the job, otherwise his business will not be successful.

Twentyonepaylots

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Just like the majority, most really need to be an employee at first since not everyone has the capacity to make themselves have all the resources that they need such as capital for a business. Business is a risk so before taking into this, a great paying job as an employee is a great start to make ourselves financially stable enough for us to embark into the world of business. So, personally, I would prefer for now to be an employee since that is the best for my case and situation and I just really hope that I can have my own business in the future since I'm the type of person who actually do not want to be an employee forever.

CryptSafe

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As interesting as this topic is, there would be many views and personal perspective from different people which is quite alright with me.

However, I have come to realize that many people fit in to many activities in life just to stay abreast and connected to the main stream. A career is good and a business is welcoming.

I believe building a business takes patience and time which not every body has that calms and chills to handle it and instead, would opt for a paid job for survival but it doesn't ends there.
I have come to realize that most people prefer government jobs. Why? because of the time they would need for their own personal business which means that even while working as an employee, people still run their various businesses through proxy and this is basically seen in the government institutions because they have time and are not under any pressure to work so they devote that time to their own personal business.

Crypto Library

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I don't know what others think about this but my own thinking is to start with a job first and then start a small business along with that job. And upgrade slowly while keeping that business job running, then take the next step according to the outcome. When the business situation is a little better, more focus on the business than the job, i.e. I can leave the job if I want to.
And thus the main reason for choosing both business and job is for a stability, and since everything big starts from small, so is my choice. And if I see that most of the big businessmen in the world started by being the employer of others, so I myself see this way a lot.

usekevin

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Being the entrepreneur,my opinion will be owner of the firm.But it’s not the easy task for the ownership,you need build yourself with the modern technology.Because to survive in the market,you should advance as compared to the other people.Because they are your competition in the field,even learn something from them.All the people had their own skills and some talent.Use that talent to earn money.When you are a multi talented person,it’s essential for the people to use their time in various things instead of stuck at the single one.So their earnings will get into multiple of their normal business income.When the earnings was increased,you can do more startup with the huge profits.With my experience the earnings from business as compared to the regular monthly income.

Topic: A career - as an employee or a business owner which do you prefer and why? - page 4. (Read 2527 times)