Pros and Cons: Careership vs Entrepreneurship
Being an employee and being an entrepreneur have their own set of advantages and disadvantages.
Entrepreneurs often portray a happy and carefree lifestyle, they are risk takers that have the benefits of controlling their own time and income. In reality though, many entrepreneurs fail during the first year. They don’t have the guaranteed income and work available that an employee can enjoy. However, the diversification available to those that chase their dreams with new inventions and ideas can often lead to self-satisfaction and an abundance in confidence that will help across all areas of life.
The growth of the internet, social media marketing tools, remote working and even virtual meetings, along with the advancements in technology makes life easier and easier.
The advantages and disadvantages available to both the entrepreneur and the employee:
| Pros of being an Employee | Cons of being an Employee |
|
Guaranteed income |
Toxic environments |
| Pros of being an Entrepreneur | Cons of being an Entrepreneur |
| Personal growth Fulfilling goals and aspirations as an individual Independence Flexible working hours The ability to earn Being selective with clients |
Constant pressure A continuous cycle of investing your time and resources Long working hours Financial instability Risk |
After weighing these pros and cons, you will know what suits your lifestyle. If you have an idea, gather six of the smartest individuals you know, run it past them.
Earn double your salary consistently for three to six months, before considering leaving a secure career.
