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re: What’s better. Working for an employer or having your own business?
Posted on 9/24/21 at 12:12 pm to Nicky Parrish
Posted on 9/24/21 at 12:12 pm to Nicky Parrish
quote:
You’ll never be rich working for someone else.
This is an absolute fallacy. Many people are paid great sums of money by corporations.
1
Posted on 9/24/21 at 12:14 pm to DemonKA3268
My dream job is forest fire lookout.
Posted on 9/24/21 at 12:15 pm to Jim Rockford
quote:
My dream job is forest fire lookout.
Nice. Hopefully the tower has a small elevator. Lots of steps.
Posted on 9/24/21 at 12:21 pm to Nicky Parrish
quote:
You’ll never be rich working for someone else.
I generally agree with some exceptions, but it depends on your definition of "rich".
Posted on 9/24/21 at 12:37 pm to The Third Leg
quote:
You’ll never be rich working for someone else.
So there are no rich people at Fortune 500 companies except the CEO’s, who often have to answer to a board of directors? Obviously that’s not true.
There’s not a lot of everyday jobs where you don’t have to answer to someone. It may not be a “boss” but even if you’re self-employed you still have to produce something to a standard and will catch hell if you don’t.
Posted on 9/24/21 at 12:54 pm to Globetrotter747
I wouldn't say one is better than the other. When I had a sourcing job in the oil field it was enjoyable, decent pay and it was nice to have no stress from 4pm Friday-Monday morning. Now that I own my own business the money is better but the stress level can be through the roof especially worker wise and supply chain wise over the last 1.5 years.
Posted on 9/24/21 at 12:54 pm to tigersfan1989
Ceiling is higher when you’re your own boss. But for me personally, I like the alleviated stress of having someone else sign my paychecks. Don’t have to hustle as much or work crazy hours
Posted on 9/24/21 at 1:04 pm to I B Freeman
quote:
It is sad to see 50 year old career men lose their jobs in mergers or shut downs or restructures..
This was me 6 years ago during my exit interview asking why I was leaving after 16 years with same company. I told them I didn't want to be in my mid-50's as an expendable "white guy" so I was going out on my own so I could control my destiny. After seeing what's going on with "diversity & Inclusion" I think I made the right choice.
Talk to some of my buddies who are still at this woke Fortune 500 company and it's nauseating the HR training they have to go through now.
Posted on 9/24/21 at 1:14 pm to massilsu
Depends on the situation.
This post was edited on 9/24/21 at 3:18 pm
Posted on 9/24/21 at 1:18 pm to tigersfan1989
It all depends on the day.
Posted on 9/24/21 at 1:39 pm to tigersfan1989
Having done both full time, I much prefer the corporate life--letting someone else worry about all the HR bullshite, the 401Ks, paid vacation, etc.
True story: Started out on my own back in 2005. Wife and I planned a getaway up to Quebec mid-year. Right as I'm leaving, I get a signed contract from a client who wants a rush job, so I end up spending nights in Quebec doing research and days stomping around to every tourist destination my wife could find. The contract alone more than paid for our trip, but that was an up-close look at the small business life for me.
It took a decade, but I finally made it back to the corporate side of things, and my only problem now using up 3.5 weeks of vacation by year's end.
True story: Started out on my own back in 2005. Wife and I planned a getaway up to Quebec mid-year. Right as I'm leaving, I get a signed contract from a client who wants a rush job, so I end up spending nights in Quebec doing research and days stomping around to every tourist destination my wife could find. The contract alone more than paid for our trip, but that was an up-close look at the small business life for me.
It took a decade, but I finally made it back to the corporate side of things, and my only problem now using up 3.5 weeks of vacation by year's end.
Posted on 9/24/21 at 1:56 pm to tigersfan1989
I like that I get to be REALLY good at what I do and that my employer pays me extremely well to be that way, and I pretty much do business as I want, and on my schedule.
The downside are those damned TPS reports, though. Also, I'm sitting on 2.5 weeks of vacation left and trying to see where I can fit it in.
The downside are those damned TPS reports, though. Also, I'm sitting on 2.5 weeks of vacation left and trying to see where I can fit it in.
This post was edited on 9/24/21 at 1:58 pm
Posted on 9/24/21 at 2:30 pm to Samso
quote:
it depends on your definition of "rich".
yup
Posted on 1/19/22 at 4:37 pm to tigersfan1989
There is no right answer, there are many different types of people, what may work well for one person could be terrible for another.
Posted on 1/19/22 at 4:39 pm to Nicky Parrish
quote:
You’ll never be rich working for someone else.
You can remain almost broke, owned by your banks your entire life trying to get rich working for yourself.
This post was edited on 1/19/22 at 4:43 pm
Posted on 1/19/22 at 5:25 pm to tigersfan1989
The idea of owning your own business does sound cool, but I really don’t think it’s for me. As someone else posted, when I leave work my brain comes with me. I have hobbies I like to do and sometimes I just like to be lazy on days off. A couple years back a switched to position where I was on call. Hated the hell out of that and I switched back. I don’t need clients or employees coming to me all the time when I’m not at work.
Posted on 1/19/22 at 5:30 pm to tigersfan1989
Depends
Posted on 1/19/22 at 5:43 pm to tigersfan1989
having someone else pay your salary but be important enough that you can do what you want and they defer to your expertise
Posted on 1/19/22 at 5:56 pm to tigersfan1989
Self-employment is not for everyone. Along the transition form employee to boss can be stressful as hell, but if you get through the first year, it gets a lot easier as time passes.
The goal is being able to leave work at work & go home to family & really be there. It is not easy to do. The type of business makes a big difference also. I had a rep firm for almost thirty years, 100% commission with monthly quotas to meet from multiple manufacturers. It took awhile to get the right staff in place to feel comfortable knowing that you would make the number by the end of of the month despite what the numbers looked like on the twentieth:-)
There is nothing more rewarding then seeing the successful fruits of your labor & management.
If you posted the question, you either have a business idea or unhappy in your job. Just make sure you are running to something, not running away from something.
Good Luck !
The goal is being able to leave work at work & go home to family & really be there. It is not easy to do. The type of business makes a big difference also. I had a rep firm for almost thirty years, 100% commission with monthly quotas to meet from multiple manufacturers. It took awhile to get the right staff in place to feel comfortable knowing that you would make the number by the end of of the month despite what the numbers looked like on the twentieth:-)
There is nothing more rewarding then seeing the successful fruits of your labor & management.
If you posted the question, you either have a business idea or unhappy in your job. Just make sure you are running to something, not running away from something.
Good Luck !
Posted on 1/19/22 at 6:21 pm to tigersfan1989
Working for the federal government.
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