It seems that everywhere I turn there’s someone starting their own company, or another article about going out on your own, or the virtues of being able to “call your own shots”. I’m not going to argue any of those points. But I do feel badly for all those poor schmucks that have to report to “the man”! I guess life is just horrible for the vast majority of Americans that have to sell their souls to work for someone else. Or maybe being self-employed or a business owner isn’t all fun and games. Here’s my list of 7 reasons why maybe it’s better to be employed than the business owner.
As an employee, you are hired for one specific job, or at least a fairly small subset of all the jobs required at a company.
Generally, the larger the company the small realm of things you get focus on.
As you progress, you can typically move from one area of the company to another. This can help keep your interest up and stave off burnout. It broadens your experience and gives you more options for positions later. You also get to experiment finding the tasks that really make you happy.
Owning your own business requires multitasking. Multitasking on steroids. Multitasking at what seem like the exclusion of everything else. Some people thrive on this, but most don’t.
Some might argue that working for someone else is anything but certain. Depending upon which company or industry you’re working in, there’s a lot that can be said for that. It’s also a matter of how valuable you’ve made yourself to the company you work for.
If you are working in a field that you love and strive every day to be the best you can at that job you have a very good chance of not only keeping your job, but moving to another company with more opportunity and more pay.
Owning your own company means not only worrying about your own paycheck, but the other employees, contractors, outsourced employees and the myriad other bills that need to be paid every month.
Leave it at work
This may be the biggest reason of all. Can you get away from work? As an employee in most companies the answer is yes. It’s certainly true that some people have trouble leaving work at work, but that’s usually a personal issue, not a requirement of the job.
Business owners are married to the job. They tend to be “on call” 24/7. It takes its toll on marriages and families
Standard hours, vacations and sick days are all very predictable as an employee. You go in at the same time, get off at the same time and can plan for things in advance. Emergencies are handled by someone else.
If you’re the owner, it’s up to you. What is up to you? Well, that’s hard to say because “things” have a way of coming up and just the wrong time. Remember that non-refundable vacation you planned? Yep. That’s when something is going to happen the just happens to be more important than the plane ticket you’ll never get reimbursed for.
Most people don’t like sales. Those that do, often do sales as their primary job.
I dare say that most entrepreneurs don’t start a company because the love selling. They just find a business the love or feel they can make money at, but now find that selling becomes a full time job. I’m not just talking about selling to customers; I’m talking about selling or promoting the business all the time. To local business groups, banks, the community, etc.
Ouch! That subject hurts to even bring it up! Obamacare is just the latest snag in a never ending sea of stresses and expenses. It affects nearly every part of the business.
Many people are only working because they need the insurance benefits to get by. Is that the person you want to hire… someone just trying to do enough to maintain their job for the insurance?
As an employee, you have the option to work somewhere that has very good benefits and have the majority of the bill paid for you.
April 15th takes on a whole new meaning when you have a company to figure out the tax bill for. It probably means hiring someone exclusively to help handle tax liabilities.
Oh, that paying once a year thing as an individual?
Not happening as a business owner. I’d love to say how great it is to pay taxes as an individual, but umm, no.