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The following topics will be discussed in this post.
- JOB VS BUSINESS
- BENEFITS OF JOB
- BENEFITS OF BUSINESS
- DOWNSIDES OF JOB
- DOWNSIDES OF BUSINESS
- Conclusion - Job Vs Business
To quit or not to quit is the question. This is because all of us, in one way or another, are bound to a job-like structure. Be it a 16-year-old student or a 45-year-old senior manager, both have set targets to meet and get weekends off if they successfully meet their targets.
They are only responsible for the work; they are obliged to do. However, that is not the case if you decide to start your own business.
We see entrepreneurship or business is not restrained by any educational qualification or work experience. Anyone who wants to start their business can enter this arena filled with loads of challenges and learnings.
Not to mention, it requires practical skills and hardcore determination to make your business – A Successful Venture.
Job vs business? The question is not about which is better, it’s a matter of self-consciousness. It’s about knowing what suits your personality – THE BEST. In this article, we will try our best to let you understand the basic difference between having a job and owning a business.
We will also share the benefits associated with each so that you can make the correct choice for yourself.
JOB VS BUSINESS
A job in simple terms is a task assigned which is duty-bound to complete. The task is generally assigned by someone of higher designation, and you will be held accountable for non-completion of the task.
In this case, the higher designation will have the authority to scold you or even fire you in worst-case scenarios. Your work reports will be assessed frequently, and your remuneration decision will be based on the assessment.
A business can be defined as an organization run by an individual or a group of individuals for commercial, professional, and charitable purposes. It involves an exchange of goods and services with the primary motive of earning profits.
If you own a business, then you are the one accountable for the overall success of your business. The growth of your business will be entirely dependent on the efforts you put in. You cannot be laid off from your own business.
BENEFITS OF JOB
Corporate life gives you an enormous number of tasks, besides knowing you cannot do them all alone. However, they expect you to delegate your work. Working in a corporate environment helps you to improve your team building skills and lets you develop leadership qualities.
You share your words of wisdom with your teammates and acknowledge theirs.
A REGULAR PAYCHECK
Let’s get real, money is required for a smooth and trouble-free life. The job allows you to get paid regularly for the efforts you are putting in. you earn, save and invest wisely.
Apart from all these necessities, you keep the necessary funds aside to enjoy what you like and to explore other hobbies.
YOU KEEP YOURSELF UPDATED
To survive in the competitive environment of the corporate sector, you need to keep yourself updated about the things happening in the business environment. You make new friends and exchange ideas with them.
You spend a lot of time with professionals and gain the necessary problem-solving skills. Since you are assigned a variety of tasks and projects, your role in a corporate sector is not limited to the one who you are.
You regularly put effort to fit into those roles. This lets you expand your horizons, and you gain a unique sense of awareness about the things you can do.
WORK-LIFE BALANCE
This is one of the most exclusive benefits of a job – Work-Life Balance. Having a job lets you have a structured life. You need to work for a set number of hours, and then you can pay more attention to yourself.
You need to work only on the weekdays and can have your weekends off. Furthermore, you can chill, enjoy, party, or even plan a trip during this time.
EMPLOYMENT BENEFITS AND RETIREMENT PLAN
None of us wants to work forever. All of us are trying to reach that point of life where we can enjoy ourselves without any constraints. For that, we need to earn early, save early, and invest more. This will help us to plan our retirement early.
Most of us are working so that we can gather enough funds to lead the rest of our life peacefully. With the correct strategy and appropriate fund management system, one can plan their retirement early.
BENEFITS OF BUSINESS
Many people like to make their own decisions and are ready to face the consequences of their actions. They tend to retaliate by working under someone else. Instead, they start their small business and put the best of their skills to grow their business to new heights.
They give direction to their creativity and ultimately, the success of their business is decided by the efforts they put in.
Though business does test your nerves at times, this is also true that it has its advantages. In business, you are your own boss. You are the employment generator. You will be the employer who will hire employees according to their qualifications that match your needs.
Likewise, you are given the freedom to choose with whom you want to work.
YOU REAP WHAT YOU SOW
The growth of your business will be entirely dependent on the efforts you will put in. A business owner grows her own business like a mother raises her child. You need to put all your savings as your investments in the business.
Capital alone will not bear you good results. You will have to devote sleepless nights and early mornings to feeding your business. And once your business will mature, it will reap good results.
FOLLOW YOUR PASSION
Successful business owner always knows what interests them the most and upon which they can put endless efforts without getting tired. They know what their true passion is. However, discovering your passion is a whole process in itself.
To start your own business, you need to know yourself and what interests you the most. This journey will enlighten you with knowledge and self-awareness.
YOU PAY BACK TO THE SOCIETY
All the businesses use resources from the society and a successful business tries to pack back to the society in the form of value addition, employment generation and solving problems.
Business owners like creating something of their own and that, my friends, gives them immense pleasure and a reason to continue the business venture.
DOWNSIDES OF JOB
Doing the same task continuously till perfection, sometimes, breeds a monotonous feeling among the employees. They slowly start losing interest in what they do in the organization.
They start brimming over things they once used to like and start pointing out flaws in everything around them. This has a negative impact on a person’s mental health as well.
LITTLE OR NO RECOGNITION
Sometimes, the work environment you choose may not be as supportive and helpful as you are. People are dying for taking credit for work done by them as well as others. This is because promotion is based on that only.
This also results in dirty office politics, which makes the work environment a very toxic place to work in.
DOWNSIDES OF BUSINESS
Your dreams of working according to your wish will all vanish. You will often find yourself over-burdening yourself with work. You will have to sacrifice that one extra hour of sleep.
All your weekend plans will be cancelled and if somehow you manage to make one you will be constantly working. You can not be on holiday, not at least in the initial stages of your business.
NO RISK, NO GAIN
You are at never-ending risk of bankruptcy. There is a constant risk of losing everything you invested just because of an unsuccessful business plan. You need to continuously update yourself with your surroundings.
The business environment is very dynamic, and a business owner has to cope with all these changes taking place.
Conclusion - Job Vs Business
Everything comes at a cost. And if we see job vs business as a debate, both sides are equal supporters. It’s you who will decide what your personality type is, based on your past and present life experience.
There is no set theory of success. If you will be able to know what suits you the best, you will be able to unleash your full potential in your particular field.
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