Which is better- job or business? This is a question that often bugs fresh college pass outs and even experienced professionals. Some people are lured to jobs because it offers the security of income while others find doing business more rewarding because they are their own boss.
Whether you decide to build your career in corporate jobs or business, it is all about the mindset and professionals goals. Still not sure which is the right path for you? Well, here is a list of pros and cons associated with both so that you can make an informed decision.
- There are specific working hours. While it is no longer 9 to 5 type of scenario these days, you still work only for a fixed number of hours every week and find a work-life balance. Some companies even compensate for the extra hours of working with cash or kind.
- You are entitled to a fixed monthly salary, so no worries about income. It offers you the security of regular cash flow.
- There are more and better chances for growth in the form of promotions or job roles if you are a hardworking, dedicated and smart employee.
- If the job role, salary or organizational culture is not as per your expectations, there is lesser job satisfaction. It may reduce your productivity.
- You might not receive due credit, or your hard work might go unnoticed; especially there is a lot of office politics in the company.
- There is always the fear of job loss due to recession, company restructuring and layoffs.
- Entrepreneurship makes you your own boss. You don’t have to report to anyone or listen to instructions.
- Work satisfaction is high because you are doing what you are passionate about.
- If your business is successful, you can earn more money than in a job.
- The risk is the biggest factor that you have to consider in business. However, you can mitigate these risks by enrolling in entrepreneurship courses online before you start your own venture.
- Financial success is not a guarantee. Sometimes, entrepreneurs have even decided to go back to routine jobs as they couldn’t earn profits from the business.
- Even though you don’t have a boss, all customers, clients and stakeholders would have high expectations from
Pros and cons always exist. It is you who has to choose whether to go steady with a regular desk job or give free wings to your career with entrepreneurship.
So what is your say? Business or Job?