Three Reasons Why Entrepreneurship Is Safer Than A “Real” Job

Three Reasons Why Entrepreneurship Is Safer Than A “Real” Job

Written by Lars

Topics: Entrepreneurship, Money, Work

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Most people think, correctly, that entrepreneurship is very risky. They also believe, incorrectly, that generally people are better off sticking with the status quo and getting a steady wage or salaried job. In this day and age, as unemployment is high, more people are gradually turning to entrepreneurship as a career choice. Here ‘s why this can be a great decision:

1. Bosses can fire you or lower your wage at any time

If you start your own business, you can’t be fired. Especially in a bad economy, many businesses feel the need to fire lots of their employees, but you won’t need to worry about that if you’re an entrepreneur. Also, you don’t run the risk of having a boss you dislike.

With entrepreneurship, you’re guaranteed a job: the one you created for yourself. You choose how many hours you want to work, when, and where. You have much more flexibility in almost every way than if you went with a more traditional job.

2. You could be forced to do work you dislike

A recent Gallup survey shows that 71 percent of workers are “disengaged” from their work. They’re just there for the paycheck. Since people work (on average) for about 8 hours a day, why spend it being disengaged from what you’re doing, when you could be working on something truly meaningful to you?

You can choose the career you want. Why spend it being just another cog in the corporate machine? With entrepreneurship, you can both cash in on your passion and do what you love every day.

3. You’re stuck with the same wage, with possible long-term incremental upgrades

At a wage or salaried job, you are exchanging X amount of your precious time for X amount of money, with possible incremental pay raises if you do very well. With entrepreneurship, it’s not nearly as clear-cut. You could make enough to live off of for the first few years, then make millions of dollars in the years after. You will never know how successful you can be unless you try. As a general rule, the more time and hard, smart work you put in, the more successful you will be, but that’s about as far as it goes.

Most startup companies will fail in the long run, but if you make the right business decisions and scale your business properly, you can even end up a multimillionaire. High-risk, high-reward. Then again, the lifestyle of an entrepreneur is not ideal for most people. Most people can be very happy and fulfilled working for someone else. I would just hope, for their sake, that they’re part of the 29 percent that’s actually engaged in their work.

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