A Job or Self-employment- which one is better? A detailed study of employment and self-employment

A Job or Self-employment. A quick study on the pro and cons of be9ng self-employed or pursuing Job in life.

 

It’s time to start living the life we’ve imagined.

—Henry James

 Most of the people dream of having a dream job or business? Both of them are two roads diverged into two different directions, which can choose according to the interest or preference of a person. There are a lot of people around the world who are confused about which path they should choose. A job or self-employment. Are you one among them? Well, then your search ends here. In this article, we are discussing all your queries and confusion regarding a job or self-employment. 

What is Job? 

When you choose a job, you will be an employee who is agreed to work for a company for a fixed remuneration. 

What is Self-employment? 

A self-employed person will work for themselves as a business owner or a freelancer. 

Here are some merits and demerits of a job and self-employment, which can undoubtedly aid you in choosing your future. 

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”

—Albert Schweitzer  

Merits in pursuing a job 

• When you are an employee, you do not worry about your payment. You will receive a fixed salary every month
• When you are an employee, there is an endless scope of professional development as your employer pay for courses and professional training related to your job role. It will help you enhance your skillset
• As an employee, you will receive a lot of benefits including holiday pay, maternity leave, paternity leave, Sick pay, pension scheme and so on

Demerits in pursuing a job 

• When you are employed, you can’t more unpaid leaves
• If you do anything against the company rules, there is no guarantee you can continue your work as you can quickly get fired
• As an employee, you likely work around 45 hours per week. You also get overtime if you didn’t finish the work on time.

Merits of self-employment

• The primary benefit of self-employment is its flexible working time. It is your business, and you are the boss of your company, so you don’t need to work at a fixed time. You can work whenever you are comfortable
• Another benefit is you don’t need to be in the office every day. No matter whether you are in a café or your home. You can work from anywhere you like to work from
• You can take as much as of you want as no one will ask you anything
• No fixed salary. You will get money according to your work. If you put more effort, you will receive more wealth.

Demerits of self-employment 

• There will be days you will have no project to get done as initial years you will get fewer clients. You need to meet more people marketing yourself and get new projects and opportunities
• You need to ensure your potential clients are satisfied with your work regularly to keep them trust your services
• As a self-employed, you will be responsible for both profit and losses
• Working for yourself will make you miss human contact and the pleasant atmosphere that comes with working in an office

There are pros and cons to a Job or Self-employment. It doesn’t matter when you have a dream, and you are ready to pursue it. Whether you want to become an employee or entrepreneur, go ahead and fulfil your dream. 

 “If you can DREAM it, you can DO it.” 

– Walt Disney