Starting a business is risky. You might spend years building up your company, and then it all crashes down on you in one day. On the other hand, what if you get a job as a fresh graduate and end up working for someone else's company? What if they eventually fire you? It can be difficult to know what to do when faced with this decision - but luckily, some facts will help guide your decision-making process!
You need to ask yourself whether or not starting a business would be the best way for you to follow your Passion.
Suppose either of these scenarios feels like it doesn't fit with what your values are. In that case, that's probably because it isn't! Passion and purpose go hand-in-hand: if something gives you energy and excitement - but also makes sense logically - then this is worth pursuing as an option. On the other side of things, if nothing excites you, or there aren't enough numbers adding up in terms of revenue potential, etc., we suggest trying out employment first before diving into entrepreneurship as a career move.
Here are reasons why we suggest trying out employment first before diving into entrepreneurship as a career move
- It allows you to gain experience and learn new skills.
- You can start making money as soon as possible, making it easier for you to pay off debts (student loans, car loans). If this is not the case, then starting a business might be better since it could take some time before getting a stable income from running a business.
- With all of these experiences under your belt after several years at one company and with many promotions and salary raises by that time, job hunting will become much easier because there would be more doors open for you than if you just graduated into the workforce without any work experience or references/recommendations since employers like hiring people who have been working in their industry beforehand since they already know what is expected of them and how things work in their field.
- It's easier to get a job than it is to start your own business since you don't have any capital or experience with running a company, which can be daunting for people who just graduated from college without any background knowledge about doing so even though there are many free resources online where you could learn more about starting your own small business.
- You would also need an office space which means higher rent costs if the employer will not provide this, and having employees might become another expense on top of everything else, especially if these employees did not come cheap either when you're paying for their salaries other benefits like health insurance. This is why it is important to think about these things if you're thinking of starting your own business, in addition to the difficulty that comes with balancing all of this at once.
- You can also grow into management or other positions in a company which allows you more freedom over time (the type of projects, people, teams, etc.) when compared to working for yourself where there are no opportunities like this unless you start another business venture on top of what you already have going on. Employees would make this easier too, since they could help take some tasks off your plate. However, having an employee who doesn't do their job well might affect how much work YOU will need to put into getting everything done. This means that if running your own business isn't something that you want to do at all, then getting a job may be the better option.
- Having an office space means that if something breaks down, which always happens sooner or later, there would be someone who can fix it for you, so this frees up more time for your daily tasks instead of having to take days off from work because some minor thing broke down. Now you have to wait until they come back online again after being fixed. This also allows you to experiment with different strategies without fear of losing money as quickly as when running your own business since most entrepreneurs only make their first dollar once every few months (or even years) depending on how long it takes them before they start making consistent sales.
- You could also learn more about what you're interested in at a job since this would give you more time to work on it after hours, which is something that entrepreneurs rarely have the luxury of doing.
- You could find out if running your business suits you better or not by trying it for yourself first instead of jumping straight into another opportunity when making money requires much more effort than just being an employee and working hard during office hours. This will also provide valuable lessons that cannot be taught through books/online courses because there are always unexpected things that happen before becoming successful, especially when starting from scratch without any capital behind your name. These factors need to be considered carefully when choosing between getting a job as soon as possible vs. creating your own business and not just the pay since this is only one of many factors that play into whether or not you will be good at it.
- You need to consider the resources available to you as well, such as your network, mentors who can encourage and guide you along with your skill sets for both options (getting a job vs. starting a business) to work out successfully, which means that getting advice from people who already have experience running their businesses may prove valuable for those who are still uncertain about what they should do next when considering all things between jobs and entrepreneurship.
- This also comes down to how much time/energy/money an individual has before making any decisions because if these three things aren't enough, then becoming self-employed might be better since you won't have to give up the same amount of time to become successful when compared with getting a job.
- Starting your own business can be difficult at first. Still, it also provides more freedom than working for someone else, which is why having both options available may prove beneficial when making choices about these things. This means that after figuring out what kind of lifestyle an individual wants, both routes could provide different benefits/tradeoffs (more income vs. less stress) depending on how much money they make or want to make, and this will determine if either option works well enough before deciding upon one over the other. Even though there are always tradeoffs involved, sometimes taking risks is necessary for life, especially when considering all factors. Just keep in mind that both options will always provide more benefits than just one, which is why it's important to consider all things before making any decisions.
- One of the most important factors behind this choice/decision would be how long you want to work at a job because there are many reasons people choose entrepreneurship over working as an employee but sometimes getting paid every month regardless of what could prove useful if they don't have enough time or energy after starting their own business. If you're unsure whether or not either option works, then talking with someone who has experience running their businesses can help make this decision much easier.
Conclusively, both options are beneficial in their ways, and this is why you should consider all factors before making any decisions. But, getting a job should be considered if you're unsure about entrepreneurship because it provides more security, while starting your own business should only be done when you have enough money to support yourself through the initial stages of running a startup.
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