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22 July 2008

Choose between employee or business owner?

Can you become rich working with others?

Can you become rich working with others? It all depends really. It depends on your salary, plan, budget, investment and many more factors. Some people do be come rich eventually working for others but it takes time, more effort, well structured investment plan, profitable investment and so on. Obviously you can not run a business while working for someone else. If they find out you will loose your job. Or you can hire someone to run your business but the whole business decision and planning must come from you. So you cannot runs away from the business.

However there are some of us are meant to be employee. To work for the rest of their life for others and make the others even more riches. When you asked them why, they will answer, I feel comfortable and safe. I don’t need to crack my head running the business. At the end of the month I will get my salary. They considered it a financial security. My friends, nowadays there is no such thing as permanent and secure job anymore. Even if you work with the government, you can still loose your job if the government wants to close the unit or section and you are being offered VSS (voluntarily surrender of service).

Being an average employee, you give your entire life to others to construct how much money you can earn, how you spend your time, where you can work, even a list of the do’s and the don’t and so on. You basically have no freedom to control your time and your destiny. You have to follow their instruction or else find another job.

What about high paying job like CEO? Obviously you can earn more than the average employee but still you have no freedom. The company pays you higher wages to be the CEO, most important employee in the company and they will expect even more from the CEO. You have to surrender all your time to benefit the company. You spend most of your time in the office. You have to work until late at night to catch up with the business dateline. The company expectation from the CEO is very high and unimaginable. If your performance is poor the company will sacked you. Either ways you will loose.

On the other hand, by being self employee or business owner, the scenario is the opposite of being employee. You have more freedom to choose where you want to be. You construct your own destiny. Planned your own time and most of all you can decide and device a strategic business plan that can bring more money into your company. But there’s a catch. All of this comes with a risk. But then again in business, no venture no gain, no risk no business.

In the end it is all entirely up to you to decide what you want in life. If you feel that being employee is fine with you, so be it. But if you feel that you want more out of life and free to choose your destiny and have control of your time, money, then doing business is for you. Definitely doing business can make you rich but being an employee, Im doubtful.

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