As an entrepreneur, the sky is your limit. You do more, you learn more, you get more. The opportunities to grow are immense. You set your horizons. There is no one above you to interfere in your decisions. You will have the opportunity to rule your business field. Of course, it depends on the demand for your service and the effort the individual puts in. But you have an opportunity to grow.
As an employee, you’re inside a cubicle working on someone else’s dream. Your growth opportunities are limited to the walls of that cubicle. You will have the opportunity to grow inside the organization. But as I already said, it’s only till the walls of that cubicle. Getting stuck in an industry can decrease an employee’s scope for advancement. They often find themselves with fewer choices and those are mostly limited to the industry or organization they are currently associated with.
Again, the entrepreneur is the winner here.
If you wish to go big, the risk will be bigger. You either get everything or lose everything.
‘The risk of failing, the risk of others witnessing your failure. The risk of debt, the risk of hungry competitors, the risk of bankruptcy… It’s not for the light-hearted!’
Writes business blogger Sophia Anderson
Unless you have a solid backup, you can’t afford to fail. Or you will lose your business. According to the statistics available, around 70 percent of small business firms fail within the first 18 months. So, there is a high probability for you to fail as an entrepreneur. One wrong step and then your downfall starts!
When you’re employed by a reputed organization, you won’t be taking such risks with your job. You will be just following the orders of your superiors. When you’re one among so many people, you can afford to make small mistakes and still get paid as long as you’re able to learn from it and adapt. So, less risk for you.
It’s not the case when you’re out there on your own. The buck stops with you. As an entrepreneur, you’re accountable for your actions.
When you’re doing a job, you own nothing. You get paid for what you do and that’s it. You will never have any right over your creation once it’s handed over to your employer. And once you’re off the ship after retirement, the ship sails without you.
But as an entrepreneur, what you created will always be yours. No one can overlook you. You own the ship and you get down when you want to. Even after that, you will always have your signature on it. If the business performs well financially, you’ve secured a future for yourself and your family.
Behave like foolish be intelligent from inside
Stress is part of our everyday lives. Unless you’re as cool as ‘Rick and Morty.’ But with no guaranteed income, and no one to guide and support you, entrepreneurship can turn out to be a stressful and lonely venture. It can show you the ladder! It can also push you into pitfalls! Yes, being your own boss can be stressful. For some, it can be more than what they can take. So much is at stake here. Building something from nothing requires a lot of effort. And both mental and physical stress is part of it.
That doesn’t mean you won’t face any stress if you take up a job in an organization. Stress is part of everyone’s life. The deadliness, your superiors, co-worker, everyone and everything can stress you out. Again, it depends on where you are and who you are. But in the case of entrepreneurship, much more is at stake. An employee can leave a job and find new ones as long as he or she doesn’t have any serious commitments. But the boss can’t leave the company that easily. It’s his/her blood and sweat.
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