Entrepreneurship or Office job? - page 7.

lucates

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Quote from: romero121 on August 08, 2022, 01:10:53 PM

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.

Entrepreneurship is not a bed of roses, but it's a good way to go. Entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to risk position themselves as leaders, while others get left behind. The success one sees is a result of the risk one took. Whether it's entrepreneurship or a secure job, just falling in love with the process, not the end result.

2stout

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Quote from: 2stout on August 26, 2022, 09:50:45 PM

What you say may be true if you have Musk, Bezos, and Zuck type goals; however, not every entrepreneur has such lofty ambitions. Therefore as such, the need for resources and liquidity may be low and comes from self without the need for vc's. With this being said, the spirit typically comes before liquidity and resources unless you are born into money.

Sometime people think job is not for them and they should get in entrepreneurship and they fail there terribly.
I think its good to have a job - - it keeps you active - but having a small side hustle is very important. For the mind and for the financial freedom.

I totally agree with you that it is good to have a job- in the least that it provides funding to a small side hustle that can be built upon and also financial stability without the need to go full entrepreneur until sussed out and ready. It also serves as a plan B should entrepreneurship fail.

Theones

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Quote from: ningrum on August 27, 2022, 04:20:54 PM

That's true, especially now that the world is experiencing inflation. Of course, we need to have other sources of income and not just depend on our main job.
and entrepreneurship is one of the options even though it's not an easy thing to do

The inflation is killing people physically and psychologically. ...
Noone has ever thought that what disaster this COVID and war will bring to world - yet we have to see so much after effects in the days to come.

ningrum

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Quote from: 2stout on August 26, 2022, 09:50:45 PM

What you say may be true if you have Musk, Bezos, and Zuck type goals; however, not every entrepreneur has such lofty ambitions. Therefore as such, the need for resources and liquidity may be low and comes from self without the need for vc's. With this being said, the spirit typically comes before liquidity and resources unless you are born into money.

Sometime people think job is not for them and they should get in entrepreneurship and they fail there terribly.
I think its good to have a job - - it keeps you active - but having a small side hustle is very important. For the mind and for the financial freedom.

That's true, especially now that the world is experiencing inflation. Of course, we need to have other sources of income and not just depend on our main job.
and entrepreneurship is one of the options even though it's not an easy thing to do

andriarto

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In my opinion, both are equally good. God created humans with different souls and they were created to complement each other. for someone who has an entrepreneurial spirit, he will tend to seek freedom and dare to take risks, and unfortunately not everyone has this character, many of them choose the safe path by becoming an office worker who gets a salary every month. Therefore, ask yourself which group we belong to, so that we can determine the direction according to our conscience

tygeade

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Quote from: Dragonfund on August 26, 2022, 09:03:47 AM

Quote from: 2stout on August 21, 2022, 01:49:38 PM

If you have that entrepreneurial spirit and are built for it, then by all means this would be best for you. However, office jobs will for most as we are basically trained or at least the thought is ingrained in us to work for someone else, i.e. be employees, from beginning to end of primary schooling. Again, some of us breakthrough but most end up office workers, which in and of itself is not necessarily a bad thing.

It is not a matter of spirit, if you aspire to be an entrepreneur but lack the resources to launch, there is a problem. You need liquid funds as a fresh start-up to get things in order, otherwise, you won't be around for very long.
Entrepreneurs also struggle with how to get cash, especially in underdeveloped nations where venture capitalists sometimes prefer to invest in projects where they can gain greater ownership rather than supporting ambitious individuals. I still prefer to create my own business when I have enough money to do it in the future than work for people.

The thing is, there is money in the world, you may not have it, but the money is out there and we all know it. So, if you really want to be an entrepreneur and you actually do believe that you could build it, then you should try to get some money. How? I mean it is not easy as we all know because if it was so easy then everyone would be rich.

So, how you do is you end up saving money from the office job, and then you learn the skills needed to build whatever you want to start and do it for others, if it is a website you want to do, then be a web developer and earn from that too. In the end it will be hard but you could end up doing it one day, and when you have enough money, you would profit from it.

2stout

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Quote from: Dragonfund on August 26, 2022, 09:03:47 AM

Quote from: 2stout on August 21, 2022, 01:49:38 PM

If you have that entrepreneurial spirit and are built for it, then by all means this would be best for you. However, office jobs will for most as we are basically trained or at least the thought is ingrained in us to work for someone else, i.e. be employees, from beginning to end of primary schooling. Again, some of us breakthrough but most end up office workers, which in and of itself is not necessarily a bad thing.

It is not a matter of spirit, if you aspire to be an entrepreneur but lack the resources to launch, there is a problem. You need liquid funds as a fresh start-up to get things in order, otherwise, you won't be around for very long.
Entrepreneurs also struggle with how to get cash, especially in underdeveloped nations where venture capitalists sometimes prefer to invest in projects where they can gain greater ownership rather than supporting ambitious individuals. I still prefer to create my own business when I have enough money to do it in the future than work for people.

What you say may be true if you have Musk, Bezos, and Zuck type goals; however, not every entrepreneur has such lofty ambitions. Therefore as such, the need for resources and liquidity may be low and comes from self without the need for vc's. With this being said, the spirit typically comes before liquidity and resources unless you are born into money.

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Quote from: serjent05 on August 26, 2022, 01:54:04 PM

Quote from: AicecreaME on August 20, 2022, 06:42:34 AM

Entrepreneurship has its own disadvantages and advantages, same as to office job. The only difference is that you have your own freedom in entrepreneurship that you can't have in a office job. Entrepreneurship gives you freedom on everything, you decide your own income and has no limits on your profits unlike in office job which your salary is fixed on a certain range, while you exhaust yourself and drain your emotional and mental health if you're working in a toxic workplace.

Freedom in entrepreneurship is an illusion. You are more tied since the responsibility is all yours. When you are working 8 hours per day being an employee, an entrepreneur works way more hours than that. Even their sleep hours are being invaded by the thoughts of how they will grow their business. The entrepreneur path is way harder than being an employee, you aren't free but a slave of your own desire to prosper your business. Having to decide what's next for your business is the only consolidation an entrepreneur has which is also available to an employee whenever he wanted to quit being one. Grin

But we know on what are the probabilities or chances for us to make ourselves even way more better when it comes to finances although it wont really give out assurance of success but at least it does give the

probability for you to become a boss instead of have to work for other people and doesnt really have any plans in regarding on enhancing their lives.Yes, you would need to exert more effort and time to be spent

compared when you do just simply wait for a salary on a 8-5 job.Some people do really have that kind of mindset that they shouldnt really be limiting theirselves into that manner
and this is where they do decide to take up another career or path.

serjent05

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Quote from: AicecreaME on August 20, 2022, 06:42:34 AM

Entrepreneurship has its own disadvantages and advantages, same as to office job. The only difference is that you have your own freedom in entrepreneurship that you can't have in a office job. Entrepreneurship gives you freedom on everything, you decide your own income and has no limits on your profits unlike in office job which your salary is fixed on a certain range, while you exhaust yourself and drain your emotional and mental health if you're working in a toxic workplace.

Freedom in entrepreneurship is an illusion. You are more tied since the responsibility is all yours. When you are working 8 hours per day being an employee, an entrepreneur works way more hours than that. Even their sleep hours are being invaded by the thoughts of how they will grow their business. The entrepreneur path is way harder than being an employee, you aren't free but a slave of your own desire to prosper your business. Having to decide what's next for your business is the only consolidation an entrepreneur has which is also available to an employee whenever he wanted to quit being one. Grin

Dragonfund

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Quote from: 2stout on August 21, 2022, 01:49:38 PM

If you have that entrepreneurial spirit and are built for it, then by all means this would be best for you. However, office jobs will for most as we are basically trained or at least the thought is ingrained in us to work for someone else, i.e. be employees, from beginning to end of primary schooling. Again, some of us breakthrough but most end up office workers, which in and of itself is not necessarily a bad thing.

It is not a matter of spirit, if you aspire to be an entrepreneur but lack the resources to launch, there is a problem. You need liquid funds as a fresh start-up to get things in order, otherwise, you won't be around for very long.
Entrepreneurs also struggle with how to get cash, especially in underdeveloped nations where venture capitalists sometimes prefer to invest in projects where they can gain greater ownership rather than supporting ambitious individuals. I still prefer to create my own business when I have enough money to do it in the future than work for people.

ingiltere

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Having an office job is less risky and it gives a good comfort zone. You can retire working 9-5 until you fulfill your 20 or something year requirement but in the end you don't get rich and you live a standard life. Entrepreneurship means you go out of your comfort zone and take risks, in result you can get your reward and make money or you may bankrupt, depends on your choices. If you don't have capital it's hard to become an entrepreneur, so you may have to do some office job before growing your own business. Both have ups and downs, no matter which one you choose you gotta give your best. It's not only about making money but reputation and environment.

Marykeller

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How does self-proclaimed entrepreneurship tend to survive when he or she leaves an entrepreneur or has no plans of having another entrepreneur at heart? People changes from one area of business to another if they find out, that the particular business they are into is not profiting them.
The decision of being your own boss or working for someone else comes with many tasks, to be able to meet up with the economic breakdown. It is not easy surviving this period without having different side hustles

Ludmilla_rose1995

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Quote from: Lambe Ndumble on August 23, 2022, 05:33:30 AM

Of course I choose Entrepreneurship, it is very easy to make money after the presence of Instagram, YouTube or others, with YouTube followers at least 1 million, it will be easy to get an $ 100K income per year, but it takes a good skill to be successful and I try to walk there.

entrepreneurship is a global word, it's not just a business but being a content creator is also included in it. I have an old female friend who has almost traveled in many cities in my country with only income from endorsement Instagram and TikTok. even her monthly income from endorsement for these several years is equivalent to the salary of a 4-month employee (at my country's rate). Social media and technological developments have made a lot of changes in someone's life according to their passion.

stomachgrowls

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Quote from: sana54210 on August 24, 2022, 11:35:50 AM

Quote from: bakasabo on August 23, 2022, 01:45:44 AM

If we sum up replies here, it turns out that entrepreneurship and office jobs can be combined, but a lot depends from the age of a person and the country he lives in. The sooner a person starts combining them, the better it would be, because he wont be interfered with such things as family, kids or office job at late age might turn into exhausting. Average country salary is another important fact. In some countries it is enough to work from 9 to 5 and be able to afford lots of things and activities, while in other country working from 9 to 5 allows to barely make ends meet. In the conclusion, I would say it is preferable to to start combining both at the early age, but the young person need to solve starting capital issue.

Yeah, that is right. This is what I did, worked in an office, and then did freelance, and when my freelance was enough, quit my office job. That's the right answer. What people should realize is that crypto has a ton of jobs that you can get, you can build a brand and then your brand could get you a lot of money if you know what you are doing and if you could do great networking.

I personally did that back in the day and if I wanted to, I could earn so much more, but I want to do just one job very well, and earn max from that (which I still fail unfortunately because of lack of time) but if I spread it to 5 different jobs, I would have earned 2x of this income and would be fired from all of them in 3 months. So be careful with your quality as well, earn less, but earn longer.

All matters with proper time management so that you would really be able to handle out multiple things which would really be pertaining about your other source of income which we do really prioritize since

we know on what are the things which would really be giving out more income.Whether you would be deciding on quitting up your main job and would focus into something that do generates more then it

would really be your choice.If we do really target out on regarding having that good financial status in life then it would be common sense that you would really be finding another source of income.
Its not necessary to quit up your job but if it needs to then its up to your decision.

so98nn

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It's not easy mate. I have myself tried to do this in the past but failed and I am still struggling to establish my own business. If you don't have credibility and perfect project proposal then no bank or lender will give you any sort of financial input. The problem in any business is to have that "initial" capital and resources. Most of the weightage however goes to the capital only.

Based on you available funds you can allocate budget to various stuff like marketing, office space, salaries, expertise to hire and what not. Obviously this I am speaking out of the experience of setting an office related to trading of raw materials.

This could be entirely different for businesses like farming material or IT sector etc. However basic model remains the same for all.

With even one factor out of hands one can struggle a lot. No matter what you explain to others you will always get one foot back if things ain't properly stacked.

So always choose wisely, look at the things available in your hands. Being confident is good, being overconfident is biggest failure.

sana54210

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Quote from: bakasabo on August 23, 2022, 01:45:44 AM

If we sum up replies here, it turns out that entrepreneurship and office jobs can be combined, but a lot depends from the age of a person and the country he lives in. The sooner a person starts combining them, the better it would be, because he wont be interfered with such things as family, kids or office job at late age might turn into exhausting. Average country salary is another important fact. In some countries it is enough to work from 9 to 5 and be able to afford lots of things and activities, while in other country working from 9 to 5 allows to barely make ends meet. In the conclusion, I would say it is preferable to to start combining both at the early age, but the young person need to solve starting capital issue.

Yeah, that is right. This is what I did, worked in an office, and then did freelance, and when my freelance was enough, quit my office job. That's the right answer. What people should realize is that crypto has a ton of jobs that you can get, you can build a brand and then your brand could get you a lot of money if you know what you are doing and if you could do great networking.

I personally did that back in the day and if I wanted to, I could earn so much more, but I want to do just one job very well, and earn max from that (which I still fail unfortunately because of lack of time) but if I spread it to 5 different jobs, I would have earned 2x of this income and would be fired from all of them in 3 months. So be careful with your quality as well, earn less, but earn longer.

Lambe Ndumble

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Of course I choose Entrepreneurship, it is very easy to make money after the presence of Instagram, YouTube or others, with YouTube followers at least 1 million, it will be easy to get an $ 100K income per year, but it takes a good skill to be successful and I try to walk there.

bakasabo

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If we sum up replies here, it turns out that entrepreneurship and office jobs can be combined, but a lot depends from the age of a person and the country he lives in. The sooner a person starts combining them, the better it would be, because he wont be interfered with such things as family, kids or office job at late age might turn into exhausting. Average country salary is another important fact. In some countries it is enough to work from 9 to 5 and be able to afford lots of things and activities, while in other country working from 9 to 5 allows to barely make ends meet. In the conclusion, I would say it is preferable to to start combining both at the early age, but the young person need to solve starting capital issue.

MarjorieZimmermanGinger

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The way a person thinks really depends on the environment he is in. Developed countries do not consider work just an office, they are more likely to make their own business to get out of the poverty line. People like this usually have the skills and abilities in researching the business they want to develop.

Developing countries actually choose to work in companies or offices, people who are in countries like this do not dare to go out of their comfort zone, so the risk becomes a big problem that must be considered.
Although not 100% what I said is true, but the mindset of most people is like that.

Even though the availability of job opportunities for now is very wide, but we can use the media and the internet as a place to start a business that we like, with mastery according to our ability to manage

edgycorner

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It's a very very very subjective question. And there can't be one right answer to this.

For some people, the appeal of being their own boss and having the freedom to set their own hours and work on their own terms is irresistible. However, entrepreneurship can be a risky proposition, and many people find themselves unable to maintain a successful business in the face of economic difficulties. On the other hand, office jobs may not offer the same level of autonomy and freedom, but they tend to be more stable and provide a regular income. Someone who has a tendency of being servile would prefer to work under a "boss" . Ultimately, the decision of which to pursue depends on the individual's preferences and priorities.

There's a third option, mix the two. Office workers should explore ways to supplement their incomes, whether through side hustles or freelancing. This is what my friend is doing. A 9 to 5 job with a profile on upwork Wink

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