Job vs Entrepreneurship: Understanding its pros and cons

job vs entrepreneurship

Studying for a job had been the norm for long but since quite a while now the focus has been shifting to other dynamic aspects of a career. Today, it is deemed more essential to acquire such skills that can lead you on a journey of your own if the need arises. However, beyond the need, it is what we seek from ourselves in life that determines the course we embark on as far as our professional leanings are concerned. For folks forever desirous of standing on their own, entrepreneurship is all the rage. But despite of how it ultimately all boils down to what we are most adaptable to, the job vs entrepreneurship debate is a never ending saga replete with both advantages and disadvantages unique to each of their own. Understanding therefore the pros and cons of each of these aspects of the career choice is important before jumping on to do something you might not be particular suited for.

Needless to say, working in a job requires certain skill sets that an entrepreneur need not have. Likewise, every budding entrepreneur dwells in a vision that is markedly different from those of the job seekers. Ultimately it is all a matter of aptitude and skill and passion of course that determines whether it is a regular job that would allow you to employ your faculties to the fullest or lead you to chat your own path of success as an entrepreneur.

A job, for one, comes with numerous pros that you would not readily encounter when you set out to become an entrepreneur. With a whole variety of jobs available in the market that come with listings of the required skill set, getting yourself hired while can be challenging, though is a sure shot cushioning of your career. By developing such skills that your profession requires out of you, you can easily mould yourself into a very desirable candidate for the job you plan to apply to. With also professional courses available to help you hone your talents, holding yourself in good stead for a job is almost as certain as securing it. Being an entrepreneur however is a challenge in itself. With a host of such cognitive faculties as vision and insight also a must apart from the talent and passion, not everyone can go about with innovations and stuff that is so characteristic of the entrepreneurial acumen. It is more a keen sense of observation and an ability to gauge situations that goes a long way in establishing yourself as successful an entrepreneur. While there would be a host of entrepreneur programs that can help your pursuit, the basic spirit ultimately has to stem from within which is why it is not everyone that can take the plunge to become an entrepreneur despite it being their life goal to see themselves as one.

Passion aside however, one key factor in the job vs entrepreneurship debate is security in matter of finances. Regular jobs are a stable source of steady income that which, however low or high it might be, enforces the sense of security to some degree. As long as you are dedicatedly doing your job, you are assured of a stream of income to maintain the lifestyle you are accustomed to living by. Jobs guarantee you an income at the end of each month, based on which you can chart your expenses even at a previous point in time and thereby reasonably direct your finances. In helping you lead therefore a secured life, or at least one that you can live as per calculations, a job eases your financial issues. The same is not entirely true for entrepreneurs struggling to find a foothold in their business. With profits and losses a recurring theme for every entrepreneur, there always is a certain uncertainty looming large over you when you set about to mark your own identity in the entrepreneurial arena. Even for someone who is well established in the innovation game, losses is as probable an occurrence thereby making entrepreneurship a choice that might not guarantee security all throughout.

Jobs also are risk averse ways to sustain a career. With generally no investment and deposit to be made to work your way into a paid job, you do not have to stress about getting back returns on your money. Working within your profile will fetch you the salary plus incentives that almost all jobs routinely come along with. The same cannot be said of entrepreneurship where investment is one of the prerequisites of even embarking on the entrepreneurial journey. By putting in all your money in your venture, you put everything at stake making thereby entrepreneurship one of the most risky ways to proceed in your career. Even without the money involved, being an entrepreneur is still a choice that involves a great degree of daringness since you are treading into uncertain territory. Even when you visualise a prospective business plan to help yourself out, you still don’t know where you would be standing anytime from now. In being highly uncertain and unsteady, entrepreneurship stands in much of a gloom vs the job scenario.

However the many pros of being a job holder and the associated cons of entrepreneurship is only one side of the picture. Even a seemingly secure job has its own set of liabilities while even the most riskiest of entrepreneurial ventures come with their benefits. For one, being an entrepreneur means that you are your own boss. There perhaps is no work satisfaction more liberating that doing what you please, exactly the way you want to not because you don’t like to take to another person’s decided course of action but because you have enough belief in your capabilities to know what would work the best in any given situation. Jobs rarely provide such flexibility with employees bound to adhere to the set orders of employers, which comes to be enforced irrespective of how illogical they might be. It indeed can be frustrating then to persist in such a job that does not take account of your intellectual abilities, expecting you instead to do whatever is asked of you. In thereby sometimes going against your understanding or even your morals, being in a job tends to be frustrating when it limits you to just the typical yes boss dictum.

Even with regards to incomes, while jobs may be your way to a steady source of finances, it seldom is one that matches up to your expectations and abilities. With years and years of being stuck with a pay scale that allows only the most nominal of hikes, jobs can constrain you financially. Entrepreneurs however make money that is at par with the effort they put in and the talent they possess making therefore work satisfaction something that comes naturally to them. As also the one who visualises goals and works on them, entrepreneurs can do exactly what they know would earn them substantial money. The greater the effort they put in, the greater would be the rewards reaped by them which is not how any employee in the job setting can expect things to be. With promotions and pay hikes very often left at the mercy of bosses and managers who seems to act ac per their own whims, working hard in a job might not guarantee the same rewards that which accrue to one in the entrepreneurial scene. To this extent, jobs are also deemed as somewhat exploitative of the workers.

The absence of risk taking in jobs also make job holders more prone to lethargy. Working within the same profile for years and years altogether not just fosters a sense of mundanity but also discourages self growth and development. For entrepreneurs however, everyday is a new challenge and every project a chance to expand their horizons. This makes working as an entrepreneur all the more exciting a prospect particularly for the youth brigade who view jobs as boring and tedious. In allowing maximum scope to pursue passions and nurture potential, the job vs entrepreneurship debate finds favour with the latter.

Entrepreneurship also tends to be rewarding in aspects outside of the tangible. By being your own boss, you get to work in your own hours as per your convenience. Flexibility of timing is very rare to come by in most jobs where you need to be at your desk for the designated hours even when you possess the ability to complete your job in a lesser time. Entrepreneurs however prefer to work at their own will and in such patterns that yield maximum productivity out of them. From extended weekends to early retirement and such other incentives that work well in maintaining the work life balance so crucial for a fulfilling career, entrepreneurship offers all the avenues to come across as a rather rewarding scope of work.

job vs entrepreneurship
Source: Sparkzing

In the vs debate that arises in a whole lot of considerations that we come across in life, be it the current job or entrepreneurship issue under exploration or deliberating on whether working hard or working smart is the key to success in whatever we do, there ceases to exist any absolute winner. Because no mechanism of life is foolproof enough to come across as the absolute perfect choice or the ideal way to proceed irrespective of how much a grand phenomenon they might across as on paper. It ultimately depends on where our inclination lies that decides what would appeal to and work best for us. Embarking therefore in your career through means of a job well suited to your aptitude or emerging instead as an entrepreneur is a choice that must come consciously to you. After all, what matters in whatever you do is how well you do it and how well you derive the pleasure of doing it. Follow therefore your passion and stick to how you work best in to make also your career and your life work out the best for you.