Job vs business is a big confusion When a person completes his graduation or passes his 12th standard, there is confusion in their head between jobs and business. He thinks I should go for a job or start a business.
Sometimes he sees a successful businessman and he thinks of doing business and sometimes he sees a person doing a job in a big multinational company and earning a good amount from that, so he gets confused between the job and the business.
Both the job and the business are good, and both receive equal support. However, in recent years, the craze for start-ups and entrepreneurship has grown, but entrepreneurship is not for everyone; it is not a cup of tea.
You need to have a business mind. If you want to do business, your mind should be open. You cannot build a business with a closed mindset and you should be able to handle risk in business. You will see many ups and downs, so you should have the capability to handle the downs.
So let’s discuss the difference between a job and a business and what you should do for a job or a business (job vs business).
(Job vs business ) What is a job?
So let’s first understand what a job is. Basically, there is no fixed definition of a job, but we can say that in a job you have to work under a person who is your boss and you have to do the work only that is given by your boss.
You cannot do work other than that authorized by your boss. If you do work other than that authorized by your boss, he can throw you out of his company. You have to follow a linear pattern in the job, which means you have to do the particular work that is assigned to you.
And in the job, you have to be disciplined. You are not free, which means you have to get up and go to work from Monday to Friday. You will receive a fixed salary at the end of the month, so this is a job.
(Job vs business ) What is business?
So, business means that you are the boss or owner of the organization or company. You have complete control over the company’s operations, and the money you make will be determined by your hard and smart work.
You are free to make decisions for your company and can be owned by an individual or a group who has a common goal in business. You are free to do whatever you want. There is no boss above you because you are the only boss in your company.
JOB VS BUSINESS COMPARISON:
1.)Risk: (Job vs business)
If you have found a job, then there is a very low risk that you will be removed from your job until you have violated company policy. Even after being removed, you can still find a job because now you have experience, so you can easily get hired by another company.
But once you start a business, there is a very high risk that all the money and time you have invested in it could go to waste. There is a chance that even if your business is running smoothly, it could crash in one night. If you are applying for a job, then you have to learn a particular skill that is related to the job,
but if you are starting a business, then you have to learn multiple things that are required in the business. You have to constantly upgrade yourself if you are running a business. So if you consider a risk factor, then a job is better than a business because in a job you have job security, but in a business, you don’t have any security.
2.) Earning. (Job vs business)
In a job, you get a fixed salary. You cannot demand more than your salary. The pace of your earnings is very slow. You have to wait for years for an increment in your salary, no matter how good you are.
If if you don’t have enough time while doing your job you can do other part-time jobs to earn more, but in business, you don’t have any time limit. You can earn an unlimited amount, but that depends upon your hard work and smart work.
If your business is good, then every day there is an increment in profit. You don’t have to wait a year to increase your salary. If you are doing a job, you will not earn extra money.
If your company is performing well and making a profit, you will only get a fixed salary decided by your boss. But in business, all of the company’s profit will be yours. So, in terms of earning, business is better than a job.
3.) Efforts ( Job vs business)
If you want to get a job, you go to college, do hard work to learn things, and get a degree, and after getting a job, you also have to do hard work to earn a good salary.
Both require hard work, but in business, you must learn many things, come up with a good idea, see if it is popular with the public, and then implement that idea and improve things.
Both require hard work, but in business, you must put in more effort because you must make many sacrifices, and suffer loss, and there is more pressure and tension.
4.)Freedom. ( Job vs business)
If you are doing a job, then every Monday to Friday you have to go to the office from 9–5 and you get very little time to spend with your family, and you also get less time to travel the world and explore new things.
If you take more time off from work, you will be penalized. But in business, you are free. But after successfully establishing a business, you have to work more than a 9–5 employee. You won’t be having any on Saturday or Sunday.
You have to work all day without seeing the clock to establish a business. You don’t have to work much. You can go anywhere in the world and your business will still give you money. So, in terms of freedom, business is better than a job.
5.) Growth. (Job vs business)
In a job, you require a specific skill, and you get a job, and you will be given work based on that skill only. You will not try to learn new skills because there is no use for them, so in a job your growth is limited.
But in business, you face challenges every day, and to overcome these challenges, you have to learn new things every day, so you grow more. The more challenges you face, the more you advance in your career. So, in terms of growth, business is better than jobs.
The pros of having a job.
1.) Financial security ( job vs business )
In a job, you get a fixed amount of salary at the end of every month, and you also get some perks like insurance and benefits. You will definitely get an income if you work. There is no risk that you have worked but you didn’t get a salary, so there is security when you are doing a job.
You don’t have to worry about any other work for the company. You just have to focus on the work that is assigned to you, and you will get a salary for that work. Whether the company is in profit or loss that month, you will get paid for your work. As a result, this is a very important benefit of the job.
2.) Diverse employment opportunities. ( job vs business )
When you do a job, you can easily change your job. If you are not comfortable with the job or you are not getting enough salary, you can apply to a different company based on your skills and you can take another job.
3.) less responsibility. ( job vs business )
In a job, you have less responsibility because you only have to do the work that has been assigned to you; you do not have to manage the other work of the company in order to focus on the company’s management because you are not the boss of the company; you are simply an employee who has been assigned a specific task and must focus solely on that task.
4.) vacation and holiday. ( job vs business )
Every job offers vacations and holidays. During this time, you can go on a trip with your family and relax. In addition, you have two days off, Saturday and Sunday, to spend time with your family. So you get this advantage in your job.
The cons of the job
1.) Competition ( job vs business )
There is very tough competition for jobs. Everyone wants to get promoted, so everyone is working hard to get a promotion. Getting a job is also very competitive nowadays because job seekers are many but seats are limited, so there is very tough competition in getting a job also.
2.) Getting a new job
By chance, you got a job and you went to work there, but you liked the environment of the company, so you want to quit this job and go to another one. Due to the high competition in the market, it is very difficult to get a new job unless you are very intelligent.
3.) Strict rules
One more con of the job is the rigid rules. If you are working in a company, you have to follow all the rules and regulations of that company. If you violate any of the rules of the company, you will either be fined or thrown out of the company.
So there are some cons to the job. If you are comfortable with these cons and you can manage them, then you can go for the job.
The pros of doing a business
In every job vs business debate, there are several points that attract people to start a business. So let’s discuss some of the pros of running your own business.
1.) Authority and liberty
The biggest advantage of owning a business is that you don’t have any bosses. You are the supreme authority in your business, and no one is there to command you. You make all the decisions for your company. You have full authority over your company. And you are not answerable to anyone.
2.) Flexibility
One more big advantage of doing business is that you have time flexibility. It means you can choose when you want to work. It depends on you which time you prefer to work because you are your own boss. If you manage your time well, you can give time to your family also.
3.) high earning.
If you own a business, then there is no limit to how much money you can make. There is no upper limit to how much money you can make. It depends upon you. If you work harder and smarter, you can make money as you’ve never seen before; however, if you don’t work, you could lose money.
So it totally depends on how much money you want to make in business.
cons of the business.
1.) Risky
If you are starting a business, then it is not certain that all the money and effort you are putting into it will be fruitful because there are many businesses that started with lots of investment and hard work but still crashed. So this is the biggest reason many people don’t start businesses.
2.) Competition
If you are going to start a business, you have to make your product or service different and unique from your competitors, because if you are not going to do something different from your competitor, no one should buy your product. You have to analyze your competitors before making any decision.
3.) Stress
Running a business is a very stressful thing because you have to manage all the aspects of a business and you have to see if all the employees are working properly or not. Every day there are new challenges in business, so you have to deal with all this stress.
So, if you love challenges and you are ready to take on stress, then you can definitely go for business.
Conclusion: (Job vs business)
Both the business and the job are excellent at their place; it is up to you to discover what you are made for because everyone is unique and has different abilities. You cannot tell a fish to climb a tree because a fish is made to swim in the water and not to climb a tree.
So identify yourself and ask yourself which suits you most. If you are comfortable and love going to 9–5 jobs, then you can definitely go for a job. It is not necessary to do business because if you are comfortable doing jobs and you don’t have any problems, then there is no need to do business. If you do business, you will not be successful in business because you are not made for business.
If you don’t like jobs, you can sit in one place from morning to evening and if you are creative and you love challenges, then you can go for a business now. If you do a job, you will get bored sometimes.
So now it’s your time to research yourself and decide if both jobs and business are good for you. What you are made for is up to you, and giving you all is what you choose.