Choosing between a job and running your own business is not just a financial decision, but also a question of managing your time and energy. A salary provides stability but limits your freedom to make decisions; a business offers opportunities but also doesn't guarantee income and involves a risk of losing everything.
I'm not a business kind of person, I would not want to do something for profit. I am okay working for others, as long as I agree with the mission. It doesn't bother me that there is someone I report to, and as I tend to work in civic sector and in education, there is plenty of freedom for me on what to focus on and how to approach my tasks. There's also this very decent option of being self-employed, which I've tried in the past. I enjoyed it, but I currently prefer working at an organisation I'm currently at because it provides more opportunities for making an impact and comes with its own resources and good colleagues.
Time management is a key factor to consider when talking about income generation and financial stability. Talking about choosing between working for someone and managing once personal business is a very important decision that most be considered if not recognised in decision make, one can easily make financial mistake that will affect the person in future. Personal business at times is good after generating enough capital from working to avoid being dependent on the business because depending on the business will indirectly lead to failure in business. So both are good step to follow when building once self financially is concern. Although at times decisions are taken due to the person concerned but we should not discourage anyone because what works for you may not work for me.