“Your time is limited, so don’t waste it living someone else’s life.”
– Steve Jobs
• Risk: High • Growth: Fast • Profit: The businessman has received all the profits directly
➢ Your rule, your kingdom: o The advantage of selecting entrepreneurship is that you will be your own boss so you free to make own decisions. ➢ The exposure to learn new skills: o Not only formulating budget but also handling marketing management to improve business i.e. your work will not be restricted to one area. ➢ Accomplish your own vision: o You can align business such a way that your best foot forward to make own dreams into reality.
➢ Financial Investments: o The first challenge you will face as an entrepreneur is to set up a capital that can take the load of all the planning that you have done. ➢ High Stress: o The owner has responsibilities to handle own family, employee’s family welfare, deadlines of the customers and many more tasks which put pressure on your shoulders. Also, for the successful business you have to think hundred times while making any decision, and it will lead to the stress.
“Choose a job you love, and you will never have to work a day in your life.”
• Risk: Low • Growth: Slow • Profit: The share from the profit received as fixed salary
• PROS: ➢ Diversified working opportunities o While working in an organization, you gain the opportunity to engage with different job roles and projects which contribute different experiences from each occasion ➢ Fewer responsibilities o You have to do only completing the tasks assigned to you rather than no need to think about other employees, their welfare and any other. ➢ Easy to plan the life o you can easily manage your finance and future time plan with predictable working hours and salary. ➢ Added perks o In scores of companies, the employees are awarded paid vacations, work reward and recognition in terms of monetary as well as non-monetary incentives.
➢ Don’t receive the actual outcome o The employee is working for the company to increase owner’s profit. Even if you work hard, there will be no change in your lifestyle rather your organization will be more profitable ➢ Rigid rules o The employee need to follow the rules and regulations of the organization even if not suitable to regular lifestyle.