Topic: Entrepreneurship or Office job? - page 11. (Read 4701 times)

Those are just the basic things that someone who's going to enter a business shall have. There are successful businessmen that are still working their ass with many endeavors and won't settle with just one business. It's because they understand that not until their businesses are established, do they need to look for other sources that will make them satisfied to earn as much as they can. But as they start, it's understandable that they need to be open-minded with any possible result.

This is what I am thinking at the moment. It is true that there are 16 hours left in a day, for a startup, sleeping less than 6 hours a day is understandable. But the problem will depend on your business, what field you are in and what products you are dealing in.  As most of us know business will often fall during office hours instead of other time frames. If your business operates at night and it doesn't coincide with your office work then of course it doesn't matter.

In my opinion, in the current economic situation, it is advisable to combine entrepreneurship and employment. 

Both of these income generation options have their advantages and disadvantages.  Entrepreneurship allows (in theory) to have an unlimited income.  At the same time, taking into account the current economic situation, it is advisable to abandon all unnecessary expenses (for example, a physical office). 

Everything should be directed solely to making a profit.  Employment is a constant and stable cash flow. 

At the same time, the employer most likely will not index your wages for inflation.

Starting up a business is not easy otherwise many people would be their own boss by now, for business to grow, established and successful, you need to dedicate a lot of time, effort and money.

As a worker with very little income it will be hard to start up a business with what you earn, taking a loan from the bank is risky but with determination you can succeed otherwise you will be in serious debt.

Job's are different, there are Job's with very high income that can support a high standard of living and don't require any additional source of income. Such are not for everyone. However, as a low income earner it will be better to have both although it is not an easy ride.

While the economic conditions may be adverse it makes more sense to try to be our own boss right now, after all many companies are not hiring new personal and they could begin to fire some of their employees if things get worse, if you are your own boss no one can really fire you while you keep most of the money you earn, and while being you own boss is harder as now you need to assume more responsibilities at the same time I think it is a route worth taking.

It is a matter of choice and also a matter of capabilities. What can you do? Are that smart to make independent decisions and still stand by them? Can you handle a business? Some persons cannot work without being under supervision. Some people cannot make decisions of their own and cannot take responsibilities. Then, you have no business being an interprenue. Keep working for someone, get savings and make investments, especially if you have job security.

But for the smart minds, you can combine both if especially you control your time. You don't have to work yourself up for hours for someone.

Then, you forgot the third option. Have your own business  or work for someone and combine same with freelancing. It could make more sense.

There's no such thing about being enough because even how many times you would be promoted but if your living standards or lifestyle upgraded as well then it wouldnt really be just still enough.
You would definitely be not that contented and as a part of human nature is on where you do see salary raise or promotion then you would be thinking lots of things in your mind
that you would need or like to buy. This is a very normal human nature and if you are really that wishing on having a good financial freedom or state then it would be that normal
you would be thinking about having another source for it to make it possible.

Even when you are giving promotion, your income is still limited. Even if you are capable to do more than that, but as an employee, you will be less waged compared to your own boss. Unlike when you are in your own business, your income is limitless since you can do everything that can increase your sales and gain more income. That is why a lot have taken the risk and manage their own business the moment they become ready both financially and emotionally because it’s where they can attain their own breakthrough and become financially independent.

I agree with the part that wages are no longer enough to keep up with the prices. However, being an entrepreneur is not for everyone. And even if you're skilled, luck also play a part, else everyone would have business. Unfortunately many businesses don't make it through their first year.

PS, I think someone should not find it difficult in making such a decision because this is something that has to do with the well-being of the person. OP, I believe the economy of every country is not the same so despite the hardship in some countries other countries' economies are still enjoying a rapid growth and development. Becoming your own boss will be preferable than working under someone no matter the economic situation because you will have time and you will make more funds for yourself if your establishment is well financed by you as you will be more serious with the management .

I don't want to be stuck in the office with bunch of paperwork and stressful environment. Why not go and try to be on the sales department (field), you're not only earning an hourly rate, it would give you commissions and incentives as well. Most of the time commission+incentives are way higher than your daily salary. Though it is still stressful when you have a boss.
Therefore, entrepreneurship is the way to move forward, because it is you as the boss and will possibly get unlimited income.

There are still 16 hours left in a day to manage own business Some people require only 5-8 hours of sleep. Plenty of time to left for own business. As it is an own business, you can set working hours yourself, no one forces you to work full 8h shift. Work 2-3 hours and free to go. Having an office and own business is possible, just dont expect huge incomes from own business. A lot depends from what kind of own business you like to start. Giving private consultations require much less time compared if you want to work as a mechanic and be shifting gear oriented. Yet still a lot depends from experience.

Honestly, I believe that everyone is wanting to do this, but in reality, it is not possible. How can you manage your business when you have to work at least 8 hours/day at the office, how can you handle all the work.

We can sacrifice our time to solve the work but it is very difficult to ensure a smooth completion of the work. We should focus on one thing at a time, then we can use our full strength to bring out our full potential.

Any job is actually boring if you don't have an interest with it. I think that on each job, there is always people that enjoys it. Someone that like talking phone calls and then using the internet won't be bored in an office job. When you work in an office you also have your co workers. You can chit chat with them while working. I think some boss will allow it as long as you are still working continuously. That is another thing that can cut boredom.

If you are an entrepreneur, usually there is only limited people in your workplace or sometimes you are the only one that displays and sells your products although you can still interact with your customer. Being rich is not important but what important is we enjoy our job and we can earn money that is enough to pay bills and then eat what we love.

Such a person will usually also find it easier to be the boss of his own business because he really understands how to be a subordinate and how it hurts when he fails in his own business. Because on the other hand people who dare to take risks by running their own business are very extraordinary people and also very fast in finding every super bright idea. But I always have a hard time finding such a person now because the average young person nowadays always doesn't want to go out of his comfort zone and accept every new challenge.

Being a successful entrepreneur cannot be obtained instantly, we do need to go through a long process. So never give up if our efforts fail,
we must accept the risk and we must learn from the failure. If indeed we are not ready for failure, it seems that being an entrepreneur is
not suitable for us. Being an office employee who earns a steady income is suitable for people who don't want to experience failure when
building a business. Because I like challenges and don't want to be controlled by other people, therefore being an entrepreneur is my passion.

Even quite a lot of office employees who have a steady income turn into entrepreneurs, because it is considered to be an office employee
a boring activity, because they undergo the same routine every day. After all, the advantages of being an entrepreneur can be much greater
than office employees, depending on how hard we work. But in the end, it's up to each of us to do which one is more comfortable. Which is
sure to run both at the same time will not give maximum results. So my advice is that we should choose one of them, whether we want to be
an office worker or an entrepreneur.

It's hard to decide knowing the current problems and the current situations that we are facing right now but one thing is for sure, we must grind and work every single day in order to survive. Whether you are an entrepreneur or an employee, we must work hard whatever happens for us to survive.

Being an entrepreneur really is hard and not all people can be an entrepreneur but anybody can be an employee. You need to adjust on what's happening around you because you have many competitors and you will compete with each other. On the other hand, there are some employees especially of those in private companies who learned what a business owner is doing and then made an huge transition from being an employee to now a business owner. Some of them are successful and some are not. In the end, it depends on the person itself. There are some people who are happy being an employee for some reasons and there are some who are happy to be an entrepreneur for some reasons.

There is a huge difference between the 2 though.
Being an entrepreneur is harder than being an employee but the reward that you will get if you become a successful one can change your life completely.
Being an employee will not make you rich because TBH, I didn't heard any single employee who became a millionaire just by working 9-5. All of the rich people in the world are all businessmen.

You are right. This is a very beautiful process and often typical people like this will succeed when starting their own business because they have gained business experience. If in the course of managing your own business you fall, this type of person is ready to accept the risk. Another important point, he could understand the condition of the subordinates.

These days everyone is just advised to become an entrepreneur not minding if such person's have an interest into being an entrepreneur or not, and this is based on the fact that there are just little or no job out there so many persons just wake up one day and tend to inbibe an entrepreneur vibe without a rigorous check on themselves if there's an interest or love towards such path they're about to tread, and due to this when challenges and storms arises you see them cower back to their shell as they feel overwhelmed by it all.

So it's better people trying to know their area of interest either as a job seeker or a self employed entrepreneur.

It all depends on someone's preference of life since there are factors that do affect your decision whether you want to pursue entrepreneurship or just go with the casual 9-5 hours work almost everyday 'til you get old. Entrepreneurship is hard in the first place and never will be an easy task but once you survived on that hardship the reward is great.

Inflation is the only problem when you are the casual working from 9-5 since there's no increase in your salary plus the prices of your daily needs getting higher and higher. While some choose to find another part-time job just to sustain their daily needs and I think being an entrepreneur is just great compared to working the casual 9-5 hours.