A small business can be a quite appealing option for the individuals on the hunt for the success. However, entrepreneurship is not that of an easy task.
Yes, there are a bulk of solopreneurs and successful ones out there. Before you start travelling the roads of entrepreneurship, it’s better to check the roadblocks and see whether the road is worth travelling or not. Before you pop up with the idea of being an entrepreneur, you might have worked as an employee and have been habituated getting the benefits of an employee. Now, when you shift from being an employee to an entrepreneur, you have to leave behind these pros and take up some new responsibilities.
Let’s make a comparative study of pros of being an entrepreneur and pros of being an employee.
Benefits Of Being An Entrepreneur
1) No Constraint On Working Hours
The best part of being your own boss is that you can work when you want to. Also, you can take leave at your own convenience without having to take permission from anyone. Being an entrepreneur, you are no longer bound to follow the usual 9 to 6 cycle. You can start your day early if you are a morning person or you can start your day at night if you are a night owl. It’s totally your call.
2) You Can Follow Your Dream
Not every individual can accumulate courage to follow their dream. Majority of the people just use their talent, knowledge, and skill sets to make someone else dream come true. So, being an entrepreneur gives you the liberty to follow your passion and feel satisfied with the same.
3) Endless Earning Opportunities
Being an entrepreneur, you don’t have a cap on your income. You have endless earning opportunities, unlike employees who have a fixed amount. A single decision can bring a flood of revenue, or even a single product launch can bring in some of the unexpected earnings.
4) No Control
Being an entrepreneur, you don’t have to take orders from anyone. You are your own boss. No one has control over your business decisions and financial decisions.
Benefits Of Being An Employee
1) Fixed Income
The best thing about being an employee is being rested assured of the amount to be received at the end of the month. You can plan your spending for the entire month when you are sure of how much will be coming in at the end of the month.
2) Balance Between Personal And Professional Life
You are free after your office hours, no pressure to attend calls, meet clients, solve business responsibilities and many more. When you are an employee, you are free to enjoy your personal life without responsibilities. You won’t have to leave your personal events on the grounds of business emergencies. Your personal life is entirely personal and professional one doesn’t interfere in between.
3) Fixed Work Hours
You have to dedicate eight hours of the day to your job, and the rest is yours. Yes, of course, employees also have to wait till late, but that is in rare cases. An entrepreneur can’t have these fixed hours. They have to work at any hour of the day. They have to sacrifice their sleep, their dinner dates, their brunch plans, family functions or any other in case of work emergencies. Employees generally don’t have to do so.