In the current financial climate it’s better to find a job rather than creating one. This is because the economic uncertainty & market volatility make it challenging for new businesses to thrive. Finding a job provides more stability & a steady income which is crucial during uncertain times. Entrepreneurship can still be pursued if you have a unique & viable business idea, sufficient financial resources & a thorough understanding of the market conditions. The decision depends on your individual circumstances & risk tolerance.
Running a business is quite difficult, but it's rewarding to manage a successful business. Many people pass through hard days; thick and thin to successfully achieve their dreams and goals. Long hours of creative and critical thinking, trial and error made many entrepreneurs forfeit their dreams seeking the promising job security of working for somebody else. Which provides them, with weekly, monthly, or annual income to sustain their livelihood. It still doesn't mean that employees do not struggle financially. The high number of unemployment in societies has convinced employees who are underemployed, underpaid, or work in an unconducive working environment to remain calm and claim all is moving fine in the cooperate world. The economic crisis hits hard on the business owners and employees suffer it the most, they get owed by their bosses. Companies borrow money and employees also borrow to survive. Both ways have disadvantages and advantages. However, the scalability of being a boss contributes to financial freedom. However, some business owners run broke with no means of paying back or reviving their fallen business.
Although, some employees earn good salaries, but still fight for a pay increase. They work every day and rest for a few days, only have a month for vacation. Unlike a successful business owner who can easily decide when to visit his office or how long he'll spend on a vacation. Big businesses or companies still offer their CEOs some sleepless nights, but not like the employees, who may work extra hours to meet their goals. In the case of a sole proprietor, with no employees, he can manage his business the way he wants, but the whole risk depends on him. It depends on the career part one needs to follow. Working for someone else is like offering our skills and experiences to the company. And it's quite helpful in advancing in our field, building a stronger network of business-like minds. Some employees in one company can earn more than a boss in a different company. But, one thing that separates a boss and such an employee, is future business advances. The business owner in a few years can either skyrocket his earnings or fail while the employee can easily lose their jobs, and whatever money they've made through the company disappears.
In making money, everyone loses money if their source of income gets worn out. Earning a huge amount of money can take longer years for an employee than a business owner. Here, I'm comparing a well-earned employee in a different company to a lesser-earning boss running his own company. You'd notice that the differences between an employee and a business owner aren't much to an extent. But generally speaking, the boss makes more money and free time and can retire at any moment. Unlike an employee who works with the companies' orders and instructions, until he gets to retirement age, and then relies on a pension. In a nutshell, what matters, whoever, we are or the position we hold in any company. It's important to provide good services. Then, have a vision to grow in our field. If you notice in my explanation, employees differ according to how they offer their services in the company they work. Experiencing a good time and salaries in the well conducive company is better than setting up a business that'll fail or render the owner bankrupt. One thing is certain, an employee can't earn more than his boss does in the same company. A hacker who works for Facebook can earn more than a boss who runs an offline business.