Employee vs. Entrepreneur: Choosing Your Career Path

Money makes the world go round – and while the saying “money can’t buy happiness” is very popular, it’s not exactly true. Sure, money can’t buy happiness – but they can buy food. Food makes everyone happy, doesn’t it?

Still, there’s still the question of what you should do to earn that money. At this point, there are two paths for you to take: you can work for someone else, or you can work for yourself. So how do you choose between the two career paths? Well, this article will hopefully help you make your decision.

The Path of Being an Employee

Going for employment certainly has its perks – ones which you might want to familiarize yourself with. Employment might be a good choice if you:

• Have many responsibilities with no safety net: When you are an entrepreneur, you can’t know for sure what the profit of the month will be. It’s risky, and you might face a month with little profit to grab on. With employment, at least you will know there’s an exact paycheck for you to lean on.
• Require flexible working opportunities: You don’t need to be an entrepreneur to have a flexible working program. You can go for companies that allow a flexible schedule. Many businesses hire on a work-from-home basis, and you can set your own schedule.
• Prefer a set time: The problem with being an entrepreneur is that you never really stop being an entrepreneur. Sometimes, you may have to be on call 24/4. With a paid job, however, you will only have a 9 to 5 schedule – after which you can focus on your hobbies.

If you like security and are not someone who responds well to risks, then employment may be a good path for you. To figure whether or not you are suitable for a particular job, you might want to check out some Berke assessment solutions first.

The Path of Being an Entrepreneur

Some might like working for others, and some might prefer being their own boss. Entrepreneurship might be a good choice for you if you:

• Love taking risks: Entrepreneurship takes a lot of risk to increase the profits – and some people prefer the high-risk, high-reward setup.
• Work well under pressure: Some people actually blossom when they are working under pressure. The high-intensity environment helps them make good decision – and therefore increase the sales.
• Already have a loyal client base: If you’ve had a side business for a while and already formed a loyal client base, then en entrepreneurship might just be the thing for you. By putting more focus on the business instead of the day job, you might just be able to help it grow.

Not everyone is suited to be an employer, just as not everyone is suited to be an entrepreneur. Both career options have their own benefits – but you will have to determine whether the benefits outweigh the drawbacks. In the end, it’s about doing what makes you most comfortable.