What makes business better than a job, and what happens when you take that leap of faith, stop working for the big man, and start working for yourself?
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Doing a job
- There is a fixed pay, which is usually good. You can earn good money and there is a 100% guarantee that you will get a paycheck (as long as you are good at your skills). You won’t be able to buy the jets, but you won’t be riding the subway either.
- Responsibility is limited only to your task. If you are a coder, you have the responsibility to maintain/develop the code you are responsible for. You don’t have to care about the company financials, marketing, sales, HR, etc
- You get to finish your work at 5PM (some companies do make you work overtime, but it’s nowhere as hectic as compared to running a company).
- You get to enjoy and take out time for leisure. You get to Netflix and Chill. You will probably not become famous like Zuck or Bezos but you will live a good life.
Running a business
- There is no fixed return. A small number of people end up becoming millionaires/billionaires while others just end up wasting their time, energy, and money - going back to a job.
- Assuming everything works out fine (not applicable for 90%+ companies). There is at least a 5-10 year time investment before you sell your company or list it on the market and make the millions.
- These 5–10 years are years of immense hard work and pain. Only I know how much I have faced in these 2 years - and most of my entrepreneur friends can relate.
- You are responsible for all your team members and employees, your customers, your business partners, etc. You are no longer accountable only for your task - you have to ensure that *everything* is fine. Becoming your own “boss” comes with a lot more baggage than you think.
What are your thoughts on this?
2 Comments
Good points.
ReplyDeleteThank you Alphin Francis
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