Generally, being self-employed is preferable to working for someone else, regardless of the benefits. If you are an entrepreneur, you can make as much profit as possible and the profits will still be yours, whereas if you work or trade to get paid, you are dependent on your employee and any profits made will not go for you; the only thing you get is your agreed salary.
Although both have significant risks, being on your own is preferable because the risk can be managed.
I agree with this, risk is unavoidable even though we are employees. But being an entrepreneur is more able to develop the potential that is in ourselves. Being entrepreneurs we are required to be more creative, I'm not saying that being an employee is not creative, but there are fundamental differences there. Being an employee we have got the main task of the company.
All professions have their own strengths and weaknesses, but if I had to choose I would be more interested in being a ruler.
Being self employed doesnt automatically means that we would really be having that job forever which there's still a certain risk that you might able to lose that job and if you dont make yourself other
back up investment or businesses then your fucked since there are no other source of income you do have unless if you do get some job directly after you've been fired or laid off.
There's no assurance or guarantees on this world even on dealing with those typical things.This is why it would be more wise and sensible if you do always set out Plan B or Plan C and so on....