You might be undecided whether you
should go for a job or a business? If that is the case, then you are not only
the one on this planet to face such problem. In fact this is pretty normal. In
this article, I will be giving some of the advice that may help you to identify
your interest.
From our school life till university,
our education system taught us the skills (specific skills) that may help us to
become an efficient employee. We have never been taught the skills that make us
a good (efficient and effective) employer or entrepreneur. Whether this is our
fate or structure of our education system is still to be decided!
Why people prefer to do a job?
1.LACK OF SKILLS
From student point of view, student
are not well-equipped to start their own business after they have received
certain degree. Being an entrepreneur, you must have necessary skills including
‘technical’ and ‘interpersonal skill’.
2.INERTIA
It is relatively easy to work for
someone rather than taking financial risk of starting and managing own venture.
For instance, Richard Branson is one of the best-known
entrepreneurial risk-takers in the game. The famous founder of Virgin has
tackled everything from starting his own phone service with Virgin Mobile, to
disrupting the airline industry with Virgin Atlantic and Virgin America. Ever
since Sir Richard was a young lad, he has been hustling up plenty of business
ideas that involved loving and learning from risk.
3.LACK OF CONFIDENCE
A lack of confidence can have a
dramatic effect on your career. It will keep you in your comfort zone because
you that’s where you feel safe with little risk of failure. This prevents you
from leaving a bad work situation, seeking stretch assignments, or applying for
a new position. It adversely impact your motivation level and undermines your
self-esteem over time.
Try saying this mantra while
meditating: I am as if I were born as a confident leader.
4.RUMORS
Rumors that small businesses cannot
compete with the large companies. And here is the fact: if you believe that you
are incompetent, it would result in failure as the fact is driven by our
subconscious mind.
WHAT YOU SHOULD DO?
1.Determine your purpose
It all depends on what is the purpose
of your life. If you want tranquility in your life, then it may be preferable
to go for the job. Being an entrepreneur, it requires a lot of hard work and
dedication, especially during the initial period of start-up, to start your own
venture. During this time period, you might feel exhausted leading to stress
and tension.
2.Weigh pros
and cons.
Every decision has pluses and minuses
to consider. Some are obvious, while others can only be discerned through a
careful analysis of the facts, other knowledge gleaned from experience, the
advice of trusted friends, loved ones or family members, co-workers and
experts. You’re getting close to the point where you’ll be able to decide, so
make sure to weigh the pros and cons of the action you’ll take.
3. Set aside
some quiet time.
If you’re contemplating making a
major decision, there’s no point attempting to do so surrounded by
distractions, ringing phones, nonstop emails, and the constant buzz of chatter
from those around you. Likewise, avoid working on important decisions when
you’re tired, hungry, don’t feel well, or are emotionally upset, physically
overworked or under a great deal of pressure and stress.
Pick a time and a place where you can
be undisturbed while you embark on the process of decision-making. It needn’t
be lengthy to be effective. If you know you’ll need more time, set aside a
chunk of time on another date. Schedule decision-making time, if that’s what it
takes. Just be sure you’re in a place that’s quiet where you can devote your
attention to the decision you must make.
4. Clarify your thoughts.
Undoubtedly, there’s a lot going on
in your head, much of which has nothing to do with the decision you’re trying
to make. Clear the noise by doing some meditation deep breathing
exercises, yoga, prayer or whatever helps you clarify your thoughts. A
calm and centered mind is the best foundation for effective decision-making.
5. Envision the
consequences of your actions.
Look ahead and think about what will
happen if you take this course of action you’re considering. See in your mind
the consequences of this decision. If what you envision is acceptable, even
desirable, this will help solidify your choice. If it’s negative, are you
willing to go ahead anyway? Is the likely outcome worth the risk or fallout for
the ultimate good?
DIFFERENCES BETWEEN BUSINESS AND JOB
·
In job you have to work for others. You might
not get a day off easily but you do not have to worry about who will do that
work.
·
In business you have to work for yourself. You
can take a day off but you have to understand that you are making your own loss
if not working.
·
In job you have to work for specific
predetermined time or few stretched hours. In business you are working 24x7.
Even while sleeping, in your dreams you would be thinking about work.
·
In job you are safe. In business you have to
be.
·
If you are on job in electronic industry and it
is going down, you can switch. You cannot switch businesses.
·
You can find another job if company is not
doing well, you have to re-evaluate your idea if your business not going well.
·
In job you will be working for a limited salary
so quality of work is not concerned.
·
In job if your co-worker is unethical it is
okay, in your business it is not okay.
·
You do not have to invest money in job.
·
You have to give time to job. Less you be
present less you are (salary deductions)
BENEFITS OF BEING AN ENTREPRENEUR
1. The freedom to pursue your own vision.
You can have your own view of the
world, and entrepreneurship is the only venue where you pursue that view and
see the fruition of your vision. Self-employment allows you to do your own
thing, and pursue those areas that you feel passionate about.
2. The control and flexibility you have over your own time.
As your own boss, you work when you
want to work; and stop if you want to stop. You can tailor your work according
to your lifestyle and accommodate various tasks. You can work in however way
you please — in your pajamas, with the TV loudly blaring — without getting a
memo from the personnel department. Self-employment means freedom from rules.
3. The opportunity to learn and gain knowledge.
The entrepreneur often wears many
hats — the strategic planner, the marketer, the customer service rep, and the
sales rep, even the bookkeeper. There are a million things you probably didn’t
know before you started the business that you are now forced to learn — and
gaining all this knowledge enriches you as a person.
4. The highs and lows of self-employment.
Entrepreneurs face tremendous
challenges and experience incredible joys when these challenges are overcome.
If you crave excitement, become an entrepreneur. One moment, the local
newspaper is featuring you; and the next, you are losing your biggest customer.
There’s never a dull moment in self-employment.
5. The sense of pride and fulfillment in accomplishing things.
As an entrepreneur, you make things
happen. You create a vision, lay out the plans to bring the plan to fruition
and pursue the steps needed to make the business a success. Doing all these
things can give you an incredible feeling of pride and joy – seeing your
website used by people, finding your products in the department store, getting
compliments from customers on how your business has helped them, and being
written about by the media. In many respects, your business is your baby, and
nurturing it and seeing it grow can give any parents a sense of fulfillment.
7. Potential earnings exceed a salaried employee.
As an employee, no matter how hard
you work, the financial remuneration you receive is limited to your salary and
an occasional bonus. As a self-employed person, you can earn so much more if
you hit the right business idea and execute the business well. The potential
financial windfall is so much higher as an entrepreneur rather than a corporate
person.
Comments
Post a Comment