The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?
In my opinion, in the current economic situation, a combination of two ways of generating income is necessary - wage labor and business.
Currently, the whole world is in a recession. Therefore, both employees and entrepreneurs bear huge economic risks. It is impossible to minimize these risks.
However, they can be differentiated.
The more incoming financial flows a person has, the better. The world is changing and people also need to become more flexible and diverse.