Does a budding entrepreneur have the required skills to form their own business? Is there capital available to support them? Often employment is the best option as it allows a worker to build some cash and experience and then consider their own business.

Employment is comparatively a secure option in terms of your financial and social security aspects. Business ( if you are not inheriting one) is comparatively more complex and risky. 

Few things which are pretty obvious though - 
1. In employment, you know you are going to get a paycheck every month. In Business, you may get 10 checks or zero in a month. 
2. In employment - you have an option to say "Its not my job", in business - No.
3. In employment - you have limited hours, in business no such thing. 

Government job vs private job is a big matter of discussion in South Asia (India, China, Sri Lanka, Nepal in particular) but not in other continents. See, the recent payout blockage by Trump administration that impacted government employees. They did not get their salary at Christmas. Also, the layoff is quite frequent in North America in private organizations compared to South Asia. So, its a matter of choice in which field you are the best and can protect your future. 

As we are discussing both employment and business .then in some place they are standing together.Each has its own positive and negative points .
Business

• Require a huge amount of investment.
• Need to search clients for your business
• Need proper plan and excute accordingly.

Job

• Not required any investment and you will get salary every month.
• No need to search for clients.
• No plan ,only task.

In business you will be your own boss and in job you need to follow your boss.

Thanks for reading.
Please do comment down for any kind of suggestions and advices.

Business requires a lot. Employment and buisiness can not be compared.

By an employment employee has limitations in discharging duties and get salary and maintain his family out of that source he will plan for something. Whereas Business is a vast procedure where in owner can invest as per his choice manage business by himself as well as his resources may be used for success of business and after getting profit he may develop plan and perform accordingly as per his pleasure.

We are familiar with the pros and cons of both.
Employment gives a sre income at the end of the pay cycle, however, it is limited and sometimes the jobe becomes routine. Being an entrepreneur is more stressful and risky, needs more time, strategic planning, partnerships an dother resources but with more returns.
In the earlier days, have an emploment, develop your skills, for a business. Yo can have employment and bsiness as long as there is no conflict of interest.
Once the ins and outs of the business is familiar, we can have our own business and be ready for loss and frustrations, bt think more of the benefits, so we have to work harder,