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Starting a Business

Is it better to work for an established employer or be self-employed?

Results so far:

Employer
31% 135 votes Total: 440 votes
Self
69% 305 votes

by Rach

Getting work and maintaining work are very hard to do these days.

I actually admire a lot of Small Medium Enterprises (SMEs) who are able to complete and outshine the Multinational companies. However some of the SMEs I know started as employees of companies and I have to say, later on, they were able to manage their own companies because 1) they were able to gather all the experience they had from their previous companies and 2) they knew how to handle their company (pre-production and post production).

However, I would stick to my answer on why you should be an employee first before becoming an employer.

Being an employee
I believe that being an employee gives you that firsthand experience about your future employees. Being one of them' at one point will make you understand their needs.

I know you have to think about your profits and all but I think investing on your employees will be one of your gains once you plan to open up a company.

Finding a mentor
In business, usually we read a lot of books on how these business giants got to where they are today. The dos and don'ts of business, the strategies you need to know how to make your business successful and so on and so forth.

In my opinion, these books would help but you should be able to see it being implemented or practiced as well.

While working for a company, you can use this as a skeleton of your upcoming business. See how they run their planning, their decision making, their execution and how did their end product fared in the market.

In real time, you would see what were the pros and cons of doing so. It may not be perfect but at least having a structure to work on will be better than starting out from scratch!

I think it will be far more helpful to bring with you the knowledge and experience of running a business by trying to review or have a lessons learnt' notebook though it doesn't mean that you have to concentrate on being an employee and forget your dreams of owning a company.

Actually, you can have the best of both worlds if you just know how to however that's a different topic!

Learn more about this author, Rach.
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Is it better to work for an established employer or be self-employed?

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