Post
Topic
Board Economics
Re: Earning salary or owning a business which is better
by
Theupdude
on 24/08/2025, 22:19:07 UTC
Both business owners and salary earning are both income generating activities which helps in providing the basic needs of man, what matters most is the amount of effort you put in running either someone's business or your personal business that determines the output you get at the end. Although must successful men or women are self employed people that have full knowledge of business management and control. Been self employed helps in building financial stability and control over once capital when it comes to finance management  of any kind while and employee don't have such right to make financial decisions except it is approved by his or her employer.

Both self-employment and working for a boss can produce an income, however, the important difference is control and accountability. Being a business owner means that every single decision that you make has an immediate impact on your performance and as a result, you can learn how to handle money, take sensible risks, and increase your capital. Being employed you are secure with a regular salary and do not need to worry about financial choices given you, but you cannot make any such decisions, and your development is censored by the regulations that the employer prescribes. The long term solution is you are more free and able to establish financial stability more permanently in the end (more responsibility and risk) as self-employed.