Some people prefer to work for themselves or own a business. Others prefer to work for an employer. Would you rather be self-employed, work for someone else, or own a business? Use specific reasons to explain your choice.
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I am a retired Manager from a government organization. I feel persons need change with the time. Whether to opt for a job, or be self employed or start own business shall depend on various factors as elaborated below.
Establishing own business calls for two main resources like Capital and experience. Further more education is a paramount importance for success. If one has studied well the, demand and supply factor, competition, safety factor, and he or she has an aptitude for business with enough capital resource one can start and establish own business. To start with a business afresh one must know his or her risk appetite too and then only decide. The best thing in business that I like the most is that one is master of his or her own.
Coming to fixed hour job, one need not bother about the capital availability and risk. According to ones qualification and experience employer may or may not appoint one.
Job is usually fixed hour job and any extra hours worked are paid as overtime wage and conversely in case of absenteeism wages are deducted which sounds quite fair. Jobs are ideal for acquiring work experience that becomes a most valuable asset for an individual.
Furthermore for those who retire from jobs, I feel most ideal is to be self employed. I know many pensioners who run their coaching classes in various subjects; secondly they operate as freelancers agents with many insurance companies and finance brokers; stock brokers or the mutual fund brokers. Those freelancers get in proportion to what they give and are masters of their own. They enjoy a feel of freedom and self actualization.
In nutshell one may chose the right alternative depending upon ones need and resources.
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