Why starting a Business is better than a Job and Monthly Salary

Why starting a Business is better than a Job and Monthly Salary.

Is Starting a Business better than a Job and monthly salary?

Yes. Starting a Business is far better and profitable than a Job and monthly salary. Nobody became a billionaire by doing a Job and earning monthly salaries. Salaries are little tokens paid to you to forget about your financial freedom, goals and ambitions in life.

10 Reasons Why starting a Business is better than a Job and Monthly Salary.

You decide how much money or profit you want to make
You have time for your family
You work on your terms
You are in charge
Ability to get ideas and implement them to your business
You control your business and determine how far it goes
You have freedom
Financial Stability
You gain Prominence and relevance
Power

7 Risks involved in starting a Business than a Job and monthly salary.

If anything goes wrong in your business you bear the loss
Ability to make the wrong decisions that will affect your business negatively
You might be a target by your competitors
Security risk
Unexpected expenses (that's why your business must be insured)
Theft
Innovation in technology which might affect your business (that's why you must be up to date, follow technology trends and modern business trends).

Read Also: Can a blog be used for Business?

7 Disadvantages of doing a Job and earning monthly salary

Lack of freedom
Under payment
Financial instability
You become a debtor
You spend more than you earn
Lack of privacy - everyone knows when money enters your bank
Delayed payment

Your mindset also plays an important role in your finances when it comes to starting a Business or doing a Job and earning monthly salaries. Doing a Job is not bad, but it becomes an error when you don't have business plans and when all your focus is based on doing a Job and earning monthly salary without proper plans on how to save or invest some money to aid you start up your business.

Doing a Job and earning monthly salary should be a form of capital funding not to earn a living for the rest of your life.

How long can you work? Or do a Job and earning monthly salary to make a living? What are your retirement plans? Can your Job and monthly salary pay your Bills and that of your children throughout their schooling till they gain independence? These are real questions you must ask yourself.

It all comes back to your mindset like i said earlier some people just want a little token to eat and feed their belly and that's all no future ambitions, they hardly believe it's possible to start their business because they don't know where the money will come from, they don't really believe in themselves, they believe every rich person must have done the wrong to get rich which is not true.

Can I gain financial freedom by doing a Job and earning monthly salary?

The answer is No. No employer will pay you enough money to become very rich to the extent you don't need the job again. They pay you far less than what you are worth or your job equivalent to make sure you keep working that's what I call modern day slavery. It also becomes Yes if you are doing the Job for the main time to raise capital for your business but the period you raise your capital should be timed you should have a proper planning of how long it will take you to raise the capital you need for your business everything works with time then you must be time conscious.

Primarily you gain financial freedom when you start your business and become successful. Starting a business does not mean you will become successful immediately you might even run into debt and become poor if you don't take proper risks management and proper learning about the business you want to venture into. You must understand your targeted audience, the kind of customers you want to attract to your business, how to satisfy them by meeting and exceeding their expectations all these things are very important if you want to become successful and rich in your business.

You must learn to be innovative though is not easy but you can always try to come up with innovative ideas that's never been seen before and make good use of it.

This article covers the basic answers on why starting a Business is better than a Job and Monthly Salary in our upcoming article we will go deeper into this topic and give you proper break down to help you understand better you might still want to refer to this article if you come across higher articles related to this topic in the mean time let's continue.

What Job pays well with good monthly salary?

Well there are several Jobs that pays well on different fields of interest which are mentioned below:

Software Developers
General Surgeon
I.T Personnel
Engineer
Data Scientist
UX/UI designer
Video Editors
Pilot
Financial Analyst
CEO
Business Idea developers
Dentist
Cardiologist
Chattered Accountant

Most of these fields of interest will pay you good money but won't give you the financial freedom you deserve. The truth is that not everyone will or must start a business but then, why not be among the few? Go to school for knowledge and impact yourself with a lot of ideas to help you start up and run your business successfully.

Conclusion

Starting a Business is far better than doing a Job and earning monthly salary for life. What if the firm or company you are working for closes up? What are your alternatives? You feel you can get a job somewhere else? What if the pay becomes lower? I'm not saying you should always think in the negative side you can as well get a better Job that pays more than your previous monthly salary but what are your personal goals? What are your financial goals? What do you want to become? You must ask yourself these questions.

No company, firm, organization will pay you to become richer than them none. They will entice you for your skills and ideas to make more money will keeping you in financial instability. As an employee you are very important to any companies because these people can't become richer and richer without you why not develope yourself if it comes to worse form a partnership business to gain more ideas.