Hello Folks,
Today we have an interesting topic and
we will be discussing about the pros and cons of Business and job. One of the
most common questions we always get is to compare the pros and cons of a
business versus job. So, let's look at this and break it down. Let’s start with
the pros of each. So, for business, no income limit; the sky's the limit, it
all depends on your effort and your business. You could really make as much
money as you truly want to make. You have ultimate job security. I mean you're
your own boss, right? So, there's no one else to fire you, makes sense. No
formal education is typically required. Actually, some of the most successful
businesses on the planet were started by people who either dropped out of
college and/or high school.
So, you don't really need any special
education to be a successful business owner. Flexible schedule and lifestyle. I
mean a lot of people know this, right? You're in control of your own day. Now
it doesn't mean you won't put in hours and effort into your business, but it
just means you are in control of that, versus someone else telling you when to
work. So, better tax breaks, right? The country is built on the backs of small
business owners, so it makes sense that small businesses will typically get
better tax breaks.
Large, positive impact, job
satisfaction, right? You are in control of the amount of people and the amount
of value that you provide out to the world and for some businesses that can be
a snowball effect, an exponential amount of impact that you're able to make and we'll look at that for the job here in
just a second.
For a job, some pros consistent income, right?
So, it's every what, every week, every couple of weeks, every month. That
paycheck's coming in the mail or that money's getting deposited, right? It
doesn't matter how much it is, at least it's coming. Benefits package: you
don't have to think about that, it's taken out of your pay. It's automatically
taken out of your pay. you check a few boxes and now you have health insurance,
life insurance. And I do say sometimes, because we all know, and maybe you're
experiencing this, businesses are constantly looking how they cut costs, and
benefits is typically one of them.
So, you may or may not have benefits, but if
you do, it's there, you don't have to think about it. And low responsibility.
Let's just face it, a lot of people work a job and put in the minimum effort,
just to collect their paycheck. So, you do your job and collect your paycheck
and that's about it, right? Now let's look at some cons.
So, for the business, you can have an
inconsistent income initially, right? When you start, it doesn't mean you're
just getting a paycheck and making all kinds of money right away. You may have
to build up to that. You also have to provide your own benefits. You know, your
health and life, no one's doing that for you, you have to go out and get that.
Now, most of these companies do have packages set up for business owners, but
you do have to go out and get that on your own.
So, for a job, we all know our income's
limited. It doesn't matter how hard we work, we're at the mercy of what our
bosses say we can make and/or the raises we're allowed to have. There's
definitely no job security. Every waking moment of the business you're working
for, the CEO or the owner, they're trying to figure out how they cut more
costs, right? Especially if you're one of the people who just put in the
minimum effort to collect a check, you're always at risk to get laid off, and
they won't care.
Ask the people who work for the
government, one of the most secure things, entities to work for, ask them how
they felt during the shutdown when they kind of got temporarily laid off and
weren't getting paid. Limited freedom and flexibility: you have to work when
you're told to work, it's really that simple. Formal education requirements. So,
if you want a job, typically, that's worth anything, at least worth the money
that you want to make, you typically require formal education. You have to go
to school, whatever that is, your certifications, whatever it is, you typically
have to put in an extra effort to even qualify for jobs that are worth having.
They're definitely the worst tax breaks,
right? A person just working for someone else and that's all the money they
make, you're bearing the brunt of the worst of the tax bill, okay? And little
impact, little job satisfaction. Now this is definitely job dependent but for
the most part. You only impact as much as you can just impact in your little.
Now the business you work for might
impact a lot of people, so you may get some impact that way, but you yourself. You're
just usually one part of a big machine. Whereas on the business side you're
running the machine. You're the one driving that impact. So ultimately, there's
pros and cons of each. But I think most people can agree ultimately that a
business will give you more income opportunity, more freedom, more control, and
definitely more impact.
So, I'm interested to hear, if there's
something that I miss, drop it in the comments below, let me know. Let me know
your thoughts on this, what you think from either side. Again, I've been on
both sides so I definitely have that experience. But interested to know what
you think about that as well.
Choose your future as per your happiness.
If you think that Business is good then do business but if you think Job is
better then you can do job for your future. It’s different for everyone.
Stay safe stay happy 😊
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