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tigersfan1989
LSU Fan
Baton Rouge
Member since Oct 2018
1258 posts

What’s better. Working for an employer or having your own business?

(no message)


sta4ever
LSU Fan
Member since Aug 2014
12066 posts
 Online 

Hmm let’s see. The better question is, is it better to be bitched around, or to be the bitch?


GreatLakesTiger24
Member since May 2012
49735 posts

quote:

Hmm let’s see. The better question is, is it better to be bitched around, or to be the bitch?

many business owners are their customers' bitch


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1344
jimbeam
US Army Fan
University of LSU
Member since Oct 2011
75703 posts

Everyone works for someone


jscrims
LSU Fan
Lost
Member since May 2008
3323 posts

I’ve done both and I’m currently the owner. Having had to just fire someone this morning, those kinds of decisions as well as the other stresses are difficult but being able to pack up and leave and do whatever I want when I want is beneficial. The paychecks as the owner are bigger too but bigger stresses.

Some days I wish I had the lack of stress like my employees do. They don’t think twice about work once they leave. I’m always thinking about it, whether on the golf course or on the lake or at the beach but I still think and stress about it.


Nicky Parrish
Member since Apr 2016
6726 posts

You’ll never be rich working for someone else.


broadhead
Member since Oct 2014
1720 posts

If you can grow a business and be an owner and not the laborer than owning is much better.


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111
A Menace to Sobriety
New Orleans Pelicans Fan
Member since Jun 2018
22653 posts

Never been at that point so I know nothing about what goes on, but much much much rather own my business, even if there are a lot more to stress and worry about. I never knew what I wanted to do in life (still kind of don't), but one thing I always wanted to do was be my own boss. Working under someone else sucks ass.


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70
dyslexiateechur
LSU Fan
Louisiana
Member since Jan 2009
28214 posts
 Online 

Depends on the business. I’m much happier being provided with insurance and a 401k match and having a reliable paycheck.


DemonKA3268
LSU Fan
Parts Unknown
Member since Oct 2015
18714 posts

quote:

You’ll never be rich working for someone else.


Correct but you also don't get any paid time off unless you manage your money correctly.



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GoCrazyAuburn
Auburn Fan
Member since Feb 2010
32699 posts

Impossible to say. There are so many variables involved in this that nobody can say one or the other legitimately. Both have good and bad to them. It all depends on what you value more.


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90
DemonKA3268
LSU Fan
Parts Unknown
Member since Oct 2015
18714 posts

quote:

I’m much happier being provided with insurance and a 401k match and having a reliable paycheck.


That to me is the only thing better than being self employed.


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30
GreatLakesTiger24
Member since May 2012
49735 posts

quote:

You’ll never be rich working for someone else.
that’s patently false


massilsu
Ohio State Fan
Oz
Member since Sep 2020
1947 posts

your business owner checking acct will always be bigger than your personal checking acct unless ur an idiot


FinleyStreet
Georgia Fan
Member since Aug 2011
7521 posts

quote:

Some days I wish I had the lack of stress like my employees do. They don’t think twice about work once they leave.


Well frick, I'm doing this all wrong then. I think about work all the time despite being a W2 turd-wrangler at a large corporation.


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220
Jim Rockford
LSU Fan
Member since May 2011
91238 posts
 Online 

The girl who cleans our house comes once a week, works a couple of hours and makes $100. She does two or three houses a day, four or five days a week and could do more if she wanted. She sets her own hours and can work as much or as little as she wants. Sounds great, right? She told me the other day she's looking for a steady salaried job, maybe as a bank teller. Being her own boss is too much of a headache.

Meanwhile I've been an employee and currently have my own business. I much prefer working for myself.
This post was edited on 9/24 at 12:11 pm


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120
yccsmf
LA-Lafayette Fan
Member since Apr 2013
404 posts

Once you get used to the stress of the success of your business being all your responsibility, owning your own business is much more enjoyable for me. Spent around 25 years working for other people and about the last 7 being self employed. Can’t ever see going back to having a boss.


rockchlkjayhku11
Georgia Fan
Cincinnati, OH
Member since Aug 2006
35941 posts

quote:

Some days I wish I had the lack of stress like my employees do. They don’t think twice about work once they leave. I’m always thinking about it, whether on the golf course or on the lake or at the beach but I still think and stress about it.


this is almost definitely wrong


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103
I B Freeman
Member since Oct 2009
25877 posts

I have not worked for anyone officially since 1991 but I do answer to customers, bankers, suppliers, insurance companies ect.

It is more risky working for someone else, IMHO, than working for yourself because when you work for someone else you are not making the ultimate decisions that keep the job going.

It is sad to see 50 year old career men lose their jobs in mergers or shut downs or restructures..

All that said most people cannot run their own business. They are not willing to make the sacrifices and put the time into it. They have built their lives around a salary and are not willing to step down in terms of lifestyle spending to build a business. I still only pay myself like $70K a year in salary. When I first started in the nineties there were plenty of months I did not take a salary. I am very fortunate and have some nice non salary income from the business but it took several years to get to that level.



DemonKA3268
LSU Fan
Parts Unknown
Member since Oct 2015
18714 posts

quote:

Once you get used to the stress of the success of your business being all your responsibility, owning your own business is much more enjoyable for me. Spent around 25 years working for other people and about the last 7 being self employed. Can’t ever see going back to having a boss.


That depends on the type of business as well.


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