Business & Job –We are into year 2024 and, definitely or naturally, so many people or graduates are not sure what career path they can take to make it in life. Talk of catch-22.
Let’s first establish the right definition of the two words – job and business – what are they and what do they mean in terms of involvement, earnings and security?
In Graffersid updated article of July 6th, 2024, a “job” is a full-time or part-time employment in which you cater to a job in lieu of money. A job can be of any kind based on your profession and the organisation’s requirements or demand.
The main aspect of a job is that there’s always a person who’s superior to you and who assigns you the tasks, assesses your performance, and stipulates your salary. In short, you have bosses above you.
In addition, a job is always backed by risk. Generally, no company or organisation would fire you without any reason, but there’s always a factor of risk involved where you could get fired for any reason. However, you don’t have to worry about risk as whatever the repercussions are, you will always be compensated for your job because labour laws do exist almost in every country unless it is a banana republic.
What is a Business?
A business, according to Graffersid 2024, is a relative organization that is set up with a business goal where two or more people are involved to achieve a pre-defined goal. If you wish to kickstart your business, you can, but the success or failure of your business heavily relies on whom you choose to be your employees or subordinates and how you also manage it.
If you’re a business owner, a greater number of responsibilities come on your shoulders as you have to take major decisions. You can also delegate the responsibilities to your employees.
Therefore, as we enter the cross over of year 2024, many of you may be thinking about your career paths and considering whether to pursue a traditional job or start our own business. Both options have their pros and cons.
To make a better decision, you will have to consider factors like financial stability, personal fulfillment, and long-term growth potential. Whether you’re a recent graduate, a seasoned professional, or simply looking to make a change, this guide will help you make an informed decision to which direction of career you take.
Risk:
Running a Business is far bigger than being in a job. In a job, no matter what kind of work you do you are always getting betting in one direction which increases your chances of getting rehired even if you lose a job. As a business owner, when you start a business, you will have to spend time learning multiple things.
Note also that, you can be kicked out of your job and yet find a new job while, on the other hand, you can lose your business overnight and starting new or finding a job will be a nightmare. Therefore, a Job is better than Business in many ways though temporary.
Money:
There is no limit on how much and how fast you can earn as a Business owner. Whereas in a Job, you will have to wait for a certain period to take the next leap, no matter how good you are. Hence, Business here sounds better than a job.
Effort:
Efforts will take years to establish a successful business and to form the right team. It will also take years to climb the ladder and become a top executive in a job. However, in business, you will have to make much more compromises, and sacrifices, give up on things, and have strong will, pressure, and tension. Here Job is easier than a Business
Freedom:
It’s true that after a certain period, there is no one freer than a boss. Nonetheless, by the time you reach that stage, you will hate being free, and being free will come at the cost of the loss or slowdown of business. An employee can be busy or free based on their management and abilities to handle clients and managers. Job is better than Business, again.
Responsibility:
Boss has way too much responsibility than anyone in the company. They have to manage, clients, employees, expenses, processes, and a thousand other things. A good employee considers himself as the owner of the work assigned to him; hence he takes the responsibility off the manager’s shoulders. Always note that, Job has fewer responsibilities compared to Business owners.
Learning:
Learning again is subjective, but as an employee, you would learn how to be great in what you do. And as a boss, you will learn about many different aspects of life.
Life:
A business Man’s life is much more hectic and chaotic with a lot more stress. Employees generally have a better life than business owners because they have a specific job description each while, as a boss, you attend to all issues in your business.
In conclusion: Do not jump into business before considering all these factors because you will start being confronted with challenges as soon as you start.
