Working is an activity that human beings have to do to survive and support themselves and their families. In the world today there are diverse business opportunities available for people to explore and exhaust. At the same time, with good educational background and experience, people can get the jobs of their dream where enumeration is in terms of six figures. The decision of whether to run one’s own business or to stick to formal employment depends on the individual. The purpose of this paper is to compare and distinguish the differences between running a business and employment in a big corporation. The main points of discussion are income, freedom and control, and flexibility.
The most notable and common difference that has led to controversies in the working place is freedom. It is the desire of everyone to have some sense of freedom and to be in control. Working in a setup where one is employed can deny him the sense of control that they desire since being an employee means one has to be under some higher authority in the name of a boss. At the same time, one is tied down with the company’s policies and rules. On the other hand, running a business gives one control of everything that goes on in the business. This means that one becomes a boss of his or her own.
Comparing these two scenarios brings us to another difference of money factor. Running a business is a risky affair and requires one to have considered all the factors involved before beginning. Income normally varies in businesses; there is no constant flow of income. There are instances when business is good meaning more cash is flowing in, but when business is bad one can even go at a loss. Depending on the viability of the business, then income can be a motivational factor to make one fully concentrate on his or her own business. This is because a viable business can instantly shoot one to riches. Unlike businesses, employment guarantees one income at the end of a payment period which is normally on monthly basis. Even upon retirement, one is guaranteed a good retirement package that will benefit him or her. In addition to a good salary, there are accompaniments in the name of allowances that are very inviting especially with higher positions in the big companies.
The last difference seen in these tow scenarios is one’s flexibility. In running a business, one is assured of flexibility in terms of time. One can go to work any time they feel like and close business whenever they want, and depending on the nature of business, one can even work from home and make good money. They do not have to undergo the hustle of traffic and stressful work place environment. This is in contrast with employment as there are company rules that have to be followed to the letter. For example, employees might be required to arrive to work at 8 am every working day and leave work at 5 pm.
Whichever way one wants to go, solely depends on their choice. One can even run a business at the same time working under employment. This is more recommended because once the business picks it can be easier to focus fully on the business and quit employment. Business is also recommended because it creates job opportunities for others.