Earning salary or owning a business which is better

[Die_empty]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Not everyone will be an entrepreneur because many people are not business inclined. To balance the society, people should buy while others sell to them. The notion that salary earners go home with nothing is wrong. There are some employees who are rich and comfortable. It all depends on the pay and lifestyle.

The task of starting, running, and growing a business needs skills and some qualities. If you are not careful, the business can go down the drain in few months or years. I would prefer to be in a high-paying job and invest my expendable income funds. Salary earners who invest in Bitcoin and other assets will do well financially.     

[shinratensei_]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

This is such simplified way of describing the comparison.
There are good earning salary and there are low profit business. Not everybody is spending their salary on utilities and basic needs while barely make ends meet.

Some people are earning $500k just working in 100 fortunes. No such thing as better being business owner than salary earner. Each have its own risk and advantage.

[LogitechMouse]

Re: Earning salary or owning a business which is better

If you're a businessmen/women, you're still earning salary, but that will be based on the profitability of your business so I don't know why comparing the two. I guess earning a salary = being an employee, and if that's the case, I'll always pick being a business owner.

Many wanted to build their own business but unfortunately, not all people can become business owners. Let's not forget that more than I did a quick search, with regards to survivability of business within their 1st, 3rd, and 5th year and:

First Year: Around 20–22% of businesses fail within their first 12 months.
Third Year: By year three, approximately 39.7% of businesses have failed.
Fifth Year: Roughly 48–50% of small businesses fail by the end of their fifth year.

Around 1 out of 5 business are failing within the first 12 months and half of the small business are failing within 5 years. This is the reason not all business owners can be successful hence, they're becoming an employee or better, being an investor.

Well, if you can do both then at all cases, do it, but for me, I'd rather be a business owner while being invested to different asset classes. Unfortunately, I'm not born to be a business owner.

[laijsica]

You are selling your labor in exchange for which your employer is paying you a salary. This is a way of earning money. You will gain expertise in a work but since you do not have your own organization to apply that expertise, you are selling your labor to another organization. You have chosen a deliberate way to become a salaried person. Most of us want to see our own employers but due to lack of proper planning and money it cannot be implemented.
If you want to be a businessman yourself then develop the habit of saving along with small jobs. When you feel that your capital is suitable for a business you can quit your job and become a businessman. Working under someone else is equivalent to selling your freedom to someone else.

[junder]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Not everyone will be an entrepreneur because many people are not business inclined. To balance the society, people should buy while others sell to them. The notion that salary earners go home with nothing is wrong. There are some employees who are rich and comfortable. It all depends on the pay and lifestyle.

The task of starting, running, and growing a business needs skills and some qualities. If you are not careful, the business can go down the drain in few months or years. I would prefer to be in a high-paying job and invest my expendable income funds. Salary earners who invest in Bitcoin and other assets will do well financially.     

That's how I feel. I once tried to start a business I really wanted, but perhaps because I lacked sufficient skills and knowledge, the business I started only managed a few, not just one. This happened due to my lack of knowledge, and I'm aware of this. Perhaps in the future, I'll try again with more mature knowledge and various factors, including my own readiness for everything. Sometimes I feel like I'm more suited to earning a salary than owning my own business.
But actually, owning a business seems better than earning a salary. It's true, as you said, that not everyone is talented in this area. I also think there are people who are successful with a salary, not with a business.

[Egii Nna]

For me it’s better to own a profitable business because that’s the real key to success if you want to be rich someday. Having a job, even with the best position in a company or in government, you can’t pass that on to your family.

But if you own a business and you nurture it until it grows into an empire, that can give your family a comfortable life.
And when your time is up, you can pass it on to them. That’s my position about the question.

But first, if you are not yet capable of owning a business, to get a decent job is not bad to start with. Because we are not all born with inheritance money. Hence, most of us will indeed start from scratch. And also do remember that not all people have the inclination to build a business.

You also have a point, because owning a profitable business is always difficult, most especially if you want to start it from scratch. Unless you have your own personal skills in the business, or you have enough experience or knowledge about the business, which you can only get by working under someone that is already successful in the line of business.

Business is not as easy as we see it. Unless you are part of it, that is when you will know what business really entails. Even before starting, there are a lot of things to consider, like location, demand, and also capital. To a poor person that will start from scratch, there will be no option other than to work under someone to get his capital, and also the experience from such business.

[Despairo]

I will choose to earning salary because you didn't risk any money to get money and you have someone to backup for you (whenever you did wrong/have a problem, you can seek your boss).

If you choose owning a business, it's the opposites. You could bankrupt and lost your whole money, you must able to stand up whenever you did wrong/have a problem, you can't seek someone with the decision you made.

I think users in this thread answered the question when they're drunk without looking at the reality and consider if it's them to start from zero.

[shield132]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

I'm into UI/UX design and I often meet business owners. Running your own business is not an easy thing, it's very complicated, requires lots of capital and sometimes you need to feed the company with thousands of dollars every week to run it. The benefit of having a salary is that the employee doesn't have to worry about that, they get a guaranteed salary at the end of the month, even if the business fails but the benefit of owning a business is that if it succeeds, then you earn ten times, hundred and more times higher money per month than the person that is employeed.

[Strongkored]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

You will earn more money when you have a successful business, but just being someone who receives a salary is not a bad thing as long as the salary is enough for living needs, allows for saving and investing. Because not everyone is able to become a businessman, there are people who are constrained from becoming entrepreneurs, such as by capital, so having a steady salary is still a good thing.

[LDL]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

You are doing a good job and getting a good salary but you are doing that job under someone else. You are constantly accountable for your job under someone else and you are always under pressure.

Now suppose you open a business yourself and you are the owner of that business and there are dozens of employees working under you. You don't have to answer to anyone for your work. So guess which one feels best to you?

[batang_bitcoin]

Both are better if we look at both situation. Someone who earns from a salary as an employee, it's not bad. You don't have to take risk and just work your task and be present at your office. While owning a business, they say you own it and you hold your time and can do whatever you want. But these people don't know that before you go to that point, you are a 24-hour man for your business and by that means, is you are the one who should be working the most. No actual schedule and working hours. So, if you don't like to work for someone else, start a business. But if you're okay with that and not taking any risk, earning salary as an employee is what is good for you. In the end, in jobs, there is no permanent one nowadays just look at how pandemic changed the mindset of many and with all of the massive layoffs that could happen anytime on any industry.

I think the Major Yardstick between choosing one of the two is actually money or funds. I think if everyone has the pleasure of actually accessing money that start up a business they will easily go for it. In as much as I don’t want to say there wouldn’t be anyone that will love to work under someone, but the number of people that will want to work under someone if they have the means the to set up business will be very low in my opinion. In essence what I am saying is if everyone has the means they will want to set up their own business, it is lack of funding that makes people to work under people because everyone is seriously looking to be calling the shots.

For me this question has been seriously asked multiple times and many always say that the choice is on what everyone wants but I think the choice is seriously on how much everyone has or needs to set up their desired business. A good funded business only needs your 24 hour attention only when it is at early stage and not after getting strong,

Lucky are those people that have the means to start their own business even without having the need to work. While the majority of the people that are from the bottom, they have to find work first so that they can pursue their dreams. And have to sacrifice their careers to take risk and start their own business. So if someone is truly an entrepreneur and has been setup for that. It's best to make sure that they're going to take it seriously and no matter what result they end up with, they have back up funds from their parents or whoever has backed them up to start theirs.

[YOSHIE]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Both are good, but both things have a background for both.
One side of your salary does not think about the risk of financially you simply run the work correctly you can monthly get a salary.

The business side, this is something heavy and risk you have to work hard you have to really work and get a turnover for employee salaries, so light risk salaries and high risk business.

Don't look at those who are successful at this time, see those who are business from the beginning, maybe they have repeatedly falling and so on.

[Promocodeudo]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

I think you're right but in other words if a salary owner can discipline him or herself to save from whatever he earns from his work I think he or she can stay up a business that will grow up to something big in the future, don't get it twisted I know you'll say am trying to deviate from the point you are trying to make but that's not what am trying do dude, economically you're very right because business people makes profit every day or weekly depending on the business and how fast the were able to sell there goods but salary earners doesn't fall in this same category rather they in some cases, most salary earners spend all their money same day they receive their salary reason being that they dependant of the salary is so enormous than the salary itself and another thing is, it could be that they salary earner involve doesn't have any other source of income but be it as it may, we can't because of this to see salary earners as less rather we can only advise that salary should try a much as possible to save out money to do other things to or double, triple their source of income, some salary can be slavery in disguise so it is better they hustle themselves out of slavery.

[EarnOnVictor]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

You exaggerate the business owners over the salary earners, which is not supposed to be so, even if it's good to own your business. First, you need to check and balance the two without being biased, to know their good sides and the possible challenges. There are salary earners who are making far more than the business owners, and I tell you, many of the companies you see today are owned by salary earners. They actually climbed their way there. While some salary earners may not own the company, yet they later climed to be the board member or a key figure that can't be gambled with.

So being a salary earners doesn't make you entirely useless/poor even though it is changing in many cases. Just the way being a business owner is not always rosy, there are many of them who are strugling to thrive, let alone paying the salaries of their workers.

[The Cryptovator]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

A job is a comfort zone for a major part of the people in the world. They can't think much better out of their comfort zone and are afraid to take the risk of starting a business. Rather, they like to work under a businessmanfrom whom they have been earning a stable income. After spending on their family needs, they become empty at the end of the month; those are middle-class job holders. For those earning a high salary, they are different; they would have some savings at the end of the month. So due to a lack of capital, also small earners won't take risks.

Business is always better than doing a job. Most of the rich people in the world are either businessmenor investors. I can't see any job holders in the world's richest list. Because if you don't take risks in your life, you can't be a gainer. On that point job holders are weak; they can't always take risks. A lot of guys move from the job to the business. They overcome the fear, and someday they become successful businessmen.

[bangjoe]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

Business is the key to financial freedom. Of course, it is better to have a business that generates profits that continue to grow every year. You don't need to compare this because the answer is already clear.

There is nothing better than having your own business. Even people that are earning salaries will later set up a business and be earning with the business.

But there are some workers that are highly paid, many people wish to be someone like that also, so that they can be able to save up, start a good business with it as alternative source of income.

Unfortunately, not everyone can start a business. Even the children of business owners don’t all become entrepreneurs. Some prefer to work for others with high salaries, relying on their income to support their needs until retirement. While some employees do become entrepreneurs, many remain employees until retirement. However, they can have other alternatives besides working. They can invest and earn dividends and capital gains from the assets they hold as additional income.

[Dunamisx]

If we can manage to run the two, then its better, but if not, choosing to be self dependent is the best, when you have your own business that you operate and control, because you will not be limited to the amount of earning you could make in a month, instead of when you're being placed on a salary income at the end of the month, when you should have been given opportunity of earning more than where you're being pegged with salary.

[rachael9385]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

This has been a debate among a lot of people but the answer is obvious, owning a business is far better than earning salary. Salary earners cant end up being rich with salary but business owners are definitely on their way to financial stability. Freedom is key, this is what is necessary to grow financial, working for people cannot put you on that level. But this doesn't mean that you can't start out by being a salary earner, it's all about having a plan

[hyudien]

Not all salaried individuals end up with nothing. Many jobs offer high salaries, especially if you have the skills, allowing you to live a decent life, just like a business owner, but these days many people are combining both worlds, maintaining a full time job while building a side business. This is a smart approach as it offers the best of both worlds; security and potential independence. In many cases it's a better and more realistic path than choosing only one.

[Pablo-wood]

Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

You will earn more money when you have a successful business, but just being someone who receives a salary is not a bad thing as long as the salary is enough for living needs, allows for saving and investing. Because not everyone is able to become a businessman, there are people who are constrained from becoming entrepreneurs, such as by capital, so having a steady salary is still a good thing.

Having a salary that is enough for living will never be enough. It will make the earner plan their expenses around a fixed amount. But for a business owner the income is never fixed, they pay themselves and the amount varies based on how much income was generated for that month. Sometimes the make excessive profit and some times the just make profit enough to solve their immediate needs.