Topic: Entrepreneurship or Office job? - page 14. (Read 4787 times)

I like doing new things but I like working for my boss as well, there is no reason why you shouldn't be doing both of them together. I do not have the time to do any new business startups right now, I do have a few ideas but I rather not do anything for the time being, I barely get enough time to sleep for the past year anyway because of personal reasons, family and health kind of stuff. But hopefully, in the future I will work proper time, and do not have my free time taken by emergencies and troubles, in that world I would definitely work and earn a salary, and use the other time to build a small business that I would be proud of, an online one of course.

At this point, to say the truth I'm opened to any opportunities disponible doesn't matter if I'm going to be the boss or the employee. The important is to have work to do and an income to earn.

Entrepreneurship looks great, but if you don't have a large network of contacts and relationships or if you are an introspective person it becomes quite difficult to thrive.

Moreover the responsabilities of being a boss are bigger than when being an employee, so you have to calculate if the money you are making worth the function you have to execute on the business.

Sometimes an employee from a influent company earns more than a solitary entrepreneur working by himself, but who has to carry the whole business on his back...

As if you do have another choice? For sure you would be sticking on that 8-5 job of yours even though it isnt really something enough to live a comfortable life considering the inflation and skyrocketing price of
needs then you would really be having that struggle thats why you would really be still that dedicated on continuing and what are  the things needed to move forward? If you do still have the time
and vacant to extent out on some business or other jobs for another source of income then do it because if you do really plan to have at least that improved lifestyle
and survive in daily living then it would really be normal to have these considerations in mind.

It depends on the capability of the person himself. Some are just happy being an employee.
But if you have other goals in life, and you have passion to set-up your own business, why not?
You own your time and you are working for yourself. You can't easily give up because that's your business itself.
In every business, there are ups and downs, so you should not give up easily if you want to survive.
Later on, you will thank yourself for not backing down. At the end of the day, just follow what your heart desires.

I often hear people say, Employees spend according to their income, but entrepreneurs earn by realizing expenses.

However, I agree with you, In the current economic recession, the upward movement of commodities and the increase in oil prices have had an impact at all levels. The standard of living of those who are salaried officers of certain grades has become really miserable. If there are no capable consumers, then who will buy the products of entrepreneurs?

But yes, in the current economic downturn, I will give more importance to entrepreneurship than jobs, because if educated people become entrepreneurs instead of running after jobs, then the problem of unemployment will be removed and the sector in which they will become entrepreneurs will be greatly improved.

For many people, most people infact, it is not always an option to become an entrepreneur because sometimes a full time job can take up most of your available time along with commuting. Many entrepreneurs start young and have the ability to withstand multiple failures as they learn what works for them, but it really helps to have a supportive environment growing up. It can be much easier to start if you have family who might give you a little bit of seed money, you have free time and you have the resources (even just access to internet) that many people take for granted in more developed countries. Some youngsters in different countries are already doing different types of work by the age of 10 or even earlier, to help the family survive.

It's not difficult to decide even if let say there's only a small capital on hand because we can always borrow a money from someone else and then we can start our own business right away. Many prefers this because they are free to do what they want and no one can scold them but they can only scold their workers if they have some.

More important is that the income potential can be high than the rates that you can get working in an office job. If we know that our budget is only limited then we should not try to live like a king or to live in a comfortable lifestyle however I think that living outside your comfort zone do also have some benefits.

I would prefer to be an entreprenuer rather than being an employee. If you're a real entreprenuer, you will not just give up easily just because your sales went down. Though it really became more difficult to manage a business because of inflstion rate, there are still some ways for a business to surivive. There are some people I know that closed their business establishment because of the pandemic but became more popular and earmed more profit when they promote their product on social media.

Being an employee is only good if your salary increases over the years because of your expertise in that particular field.

All of this begs the question: Who exactly are "they"?  Are we talking about those presumptuous morons on Youtube who play-act as gurus, telling people all about how rich they got by being an entrepreneur (and in the meantime make more money through Youtube's ad revenue than they probably made through whatever business they may or may not have had previously)?

Regardless, the fact is that not everyone can be an entrepreneur--and I'm defining that term to mean starting up your own business.  The reality is that most people need to be working those 9-5 jobs under someone else's management, else all of those public and private companies out there wouldn't be able to function--and that would be a nightmare.

Take some consolation from me if you're a worker bee, though.  It's still possible to become wealthy if you invest wisely and earn a decent wage.  I even clipped an article from a few years back about a gas station worker who lived to be 90-something, and when he died it was discovered that he was worth millions and owned tons of stock that he'd bought consistently throughout the years. 

So you don't need to strike out on your own and work 18 hours a day, putting all of your blood, sweat, and tears into a new business plan that probably won't succeed in order to become rich (if that's your goal).  That's a myth.

I think doing a job and having a small entrepreneur project on side is a good option
One the project works then one can leave the job and work it full time.

Being an entrepreneur is not an easy thing. Once a person turns to be an entrepreneur he'll not think of being into office job. At times there will be hard situations, but the entrepreneurial mind won't go down. They try to withstand the situation with earnings from the past. They knew today they might be in loss, but through entrepreneurship surely tomorrow we can make money, if we work hard on it. So, my choice will be entrepreneurship than office job.

Yes, if you're deeply hit by the inflation crisis, you shouldn't be contented with your previous salary. As much as possible, you should find alternatives of other ways to earn money if your earnings aren't enough. You could do an office job while handling a small business at the same time. Proper time management will work for you. However, if there will be conflicts, choose one thing that you can't let go. Consider the salary and earnings that you could earn as well as the job environment that you prefer.

If you are faced with a choice, then you need both.

Flex hour freelance work like uber driving and amazon package delivering should become more common to fill gaps in normal work schedules. The average worker could need to work days off and multiple jobs to retain their standard of living.

There are rumors a high percentage of consumers are using credit cards to make purchases and even out inflation. This is a temporary solution at best.

A good portion of focus in entrepreneurship or being an employee is opportunity. The biggest opportunities at the moment are lack of manufacturing and productivity. Hopefully whatever gaps and shortages appear can eventually be addressed through modern means. Whether its high fossil fuel prices or food shortages.

A cultural shift towards relying less on corporations and the state is also greatly needed. People need to develop better relationships, organization and communication with community and family. See eye to eye with those in the same circumstances. And learn to cooperate. The opposite of divide and conquer.

actually easy, work is certain because we definitely get a salary every month, and some of the salary from your work you can use to form a business and if you have savings it doesn't hurt to start a business.
What I mean and what I'm doing now is, I have a steady job and also a business that has been running for a few months, my business started because I have savings and vice versa. There's nothing wrong with me planning to set aside some of my salary for working capital gradually.
Or apply for a loan as needed for your capital because you have a job that will be able to pay for it, but make sure the business is good and profitable.
back to my job and business, besides my job, I have a food stall or basic necessities from work savings. Since I have a regular job I will not be doing my own business, there is still a wife or other family member who can help or run the business and get paid.
so in my opinion both will be better and having a job is important because from work we can or are able to do anything including business, if not where will you get the capital from.

For most of us, especially in my country, one cannot survive with just one source of income. Working an office job is a secure source of income. Like the money will regularly enter your account. Unlike running a business, the money is not always there since most businesses have their slow days and their peak days. Unfortunately, most of the time, income from a job is not enough.

For me, to move forward, keep a regular job if you already have one. And in your free time, use it to run or establish your business. I still strongly believe that to be able to achieve financial freedom, you need to have your own business.  Do this until your business can sustain all your financial needs. Then when that time comes, you can quit your regular 8-5 job. It will be exhausting and most of the time it will drain you but if you do not do this, you will be stacked in whatever you are in right now. If you want to move forward, you have to sacrifice something. And for young people, it is their strength, body, and time they can give to be successful.

Both are having different challenges but to tell you that being an entrepreneur is better than a paid job is that you see people under employment they still have other businesses or substitute source of income by the side. This buffers the point that diversification of income sources is the way to go and no man survives with just one stream of income. In the bible also, you see the great men being warriors , herders and farmers.

In our present day life, the challenges are of various degree but if the government plays a good role to provide support to SMEs it definitely goes above employed jobs, despite the hard or difficult time being self employed is more profitable if you get into the right kind of business that is set up close to the customers in need or the need of the society.

Your analysis makes sense, according to all the experts in the field of business. Rather, the best strategy is the one that can reconcile the two.
There is a basic principle in investment called "diversification of income sources" and the balance between working in a stable job and launching a private project is a good guarantee for a stable financial life.
At an advanced stage, when the office job becomes idle in terms of time, it can be abandoned.

I am currently working in a half-time office job and managing two small projects, one of them is a farmer and the other is on the Internet. This is in addition to my work in signature campaigns here on the forum, which provides me with a good weekly income, with which I can at least pay my bills .

What's the problem with both? I personally have a day job and a business. I have hired one person to manage the business so that I don't get troubled while I am in office with my employer. Once I am back from office, I check the reports and provide further guidance to that person. I also do a good amount of customer connect during the weekends where I get their feedback to make my product even better.

I agree that not all kind of business can be done alongside a day job. But if someone is willing to take that extra effort, they still can sustain both professions simultaneously.

Why not keep both? While I understand that you cannot serve two masters at once, you can use your office job as a startup in order to build that capital needed for your business in the future. Being an entrepreneur means that you have to sacrifice your time and focus on developing something that the public would need.

If you lack the business capital for the business, then I highly suggest to earn money using your job in order to fund it for your business. Investing into cryptocurrencies may provide an extra layer of security as this may guarantee profit depending on its price on the market.