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Employment Vrs Business.

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Employment or Business which is better. If Employment decided whether Government job, Private job or Government corporation job is better. If business is a consideration then what type of business is preferable.

self employment
Business Development
Government Services
Private Sector Development
J N Das
7 months ago

6 answers

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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.

David Cottrell
7 months ago
Most folks are employees - Dr. David E. 7 months ago
Exactly, Employee do not prefer business to start. - Er. Jangyadutta 7 months ago
Leadership is difficult - Dr. David E. 7 months ago
Start-ups are tough - Dr. David E. 7 months ago
For start-ups need a creative idea and huge amount of hardwork. - Er. 7 months ago
Funding, too - Dr. David E. 7 months ago
For prepare a master plan to execute a start up idea also a big deal. - Er. 7 months ago
Yes-Business Plan has many components - Dr. David E. 7 months ago
There is also risk of losses. - Er. Jangyadutta 7 months ago
Of course - but employment has risks, too = FIRED! - Dr. David E. 7 months ago
Build your dream of work for someone and help them achieve theirs - David 7 months ago
Exactly = grunts - Dr. David E. 7 months ago
Some prefer to be employed to have a "secured" sorce of income - Ferdinand 7 months ago
YES - others do not // SOCIALSIM v Capitalism- - Dr. David E. 7 months ago
Of course. - Er. Jangyadutta 7 months ago
Agreed - the majority are worker bees - Dr. David E. 7 months ago
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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. 

Hitesh Mathpal
7 months ago
Explanation is so good.. Thanks - Er. 7 months ago
did not get their salary at Christmas = WRONG = just politically delayed - Dr. David E. 7 months ago
Yes, Dr. David E. Marcinko MBA Thanks for correction. - Hitesh 7 months ago
No problem - Best - Dr. David E. 7 months ago
Good list. - Charu 7 months ago
DITTO - Dr. David E. 7 months ago
Govt job is routine work to discharge duties. But private job is to reach at target and promote business growth. - Er. Jangyadutta 7 months ago
Agreed - Dr. David E. 7 months ago
If after retirement there is pension future is also good. - Er. Jangyadutta 7 months ago
Even more important post retirement - Dr. David E. 7 months ago
Precisely, the advantage of being employed is having pension from mandatory insurance or savings the government imposes on employers to pay. However, this should be taken cared of by an entrepreneur, invest in retirement plans with riders..Having a business would entai treating yorself as an employee who should also have wages as a regular employee as well as benefits, deduct that as expenses, - Ferdinand 7 months ago
In the USA pensions are collapsing in favor of 401-k plans. This puts the liability on the worker - Dr. David E. 7 months ago
Ok. - Er. Jangyadutta 7 months ago
Many thaks - Dr. David E. 7 months ago
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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.

Er. B
7 months ago
Most folks are worker bees; employees - Dr. David E. 7 months ago
True.But stills some are trying to set up their start ups with some unique creative ideas. - Er. 7 months ago
Yes justified comment. I agree. - Er. Jangyadutta 7 months ago
Yes, agreed; Some will succeed. Most will fail - Dr. David E. 7 months ago
Yes I agree Sir. - Er. Jangyadutta 7 months ago
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Business requires a lot. Employment and buisiness can not be compared.

Charu Gulati
7 months ago
YES = but similar industries can be comp;ared = and are compared - Dr. David E. 7 months ago
True as both of them are using as carrier options.Need to decide which one is better . - Er. 7 months ago
Business is very complicated having different resposibilities which employees only work to complete their duty. - Er. Jangyadutta 7 months ago
Exactly - Dr. David E. 7 months ago
Right answer, business is always business it has separate pleasure and owner is monarch. - Er. Jangyadutta 7 months ago
owner is monarch = only if successful - Dr. David E. 7 months ago
owner is goat = if not successful - Dr. David E. 7 months ago
Pleasurable answer thanks. - Er. Jangyadutta 7 months ago
I know - you are welcomed - Dr. David E. 7 months ago
Ok - Er. Jangyadutta 7 months ago
Best - Dr. David E. 7 months ago
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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.

Er. Jangyadutta D
7 months ago
Yes = working is self fullfilling, too - Dr. David E. 7 months ago
His aim is always in profit. - Er. Jangyadutta 7 months ago
Money is aim as employee, too! - Dr. David E. 7 months ago
Right Sir, They should work together for success and be benefited accordingly, - Er. Jangyadutta 7 months ago
But several companies are not giving profit to their employees. Some also give production incentive. - Er. Jangyadutta 7 months ago
So - start your own company and give away all your own profit to employees - Dr. David E. 7 months ago
That is not possible but someone can give some percentage of profit to employee as bonus to encourage them to working hard to get more profit.Which will be more profitable for company. - Er. 7 months ago
Yes. - Er. Jangyadutta 7 months ago
bonus to encourage them to working hard to get more profit.Which will be more profitable for company = if this were true - ALL companies would do it! - Dr. David E. 7 months ago
Far too simplistic and naive - Dr. David E. 7 months ago
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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,

Ferdinand Cuaresma
7 months ago
Very well said; many thanks - Dr. David E. 7 months ago
A perfect simple point of view....great - Er. 7 months ago
Exactly - succint - Dr. David E. 7 months ago
If there shall be loss then it is bad. - Er. Jangyadutta 7 months ago
If there shall be profot = then it is good - Dr. David E. 7 months ago
As I commentd in the previous thread, the entrepreneur should treat himself as an "employee" with the rights and privileges as mandated by law. After deducting all overhead expenses,to inclde your own wage, of course, then that is your profit - Ferdinand 7 months ago
NOPE - personal tax before profit - Dr. David E. 7 months ago
Agree Dr. David E. Marcinko MBA - Ferdinand 7 months ago
I know - thanks - Dr. David E. 7 months ago
View is fully correct, owner is employee and he is also taking salary - Er. Jangyadutta 7 months ago
OK - Dr. David E. 7 months ago
Thanks. - Er. Jangyadutta 7 months ago
U R welcomed - Dr. David E. 7 months ago

Have some input?