Going into a business or working under a certain company. A lot of people who have recently graduated are having problems with regards to what is the right thing to do. Which of the two options will be more beneficial to them and the type of lifestyle they have? Which will be favorable that will help them easily earn and save income? There are so much things to consider when you are about to decide on this matter. Let’s take a closer look at a short list of the pros and cons.
When investing in a specific type of business, every investor should not only put their money into something that they themselves are not familiar or is interested in. For instance, you saw the great potential of putting up a car mechanic and maintenance shop in your area as you saw the high demand for this kind service. No matter how big the potential is, you shouldn’t just dive in to this type of business especially if you have no interest at all in this area and you do not know the basics. On the other hand, if you very knowledgeable in this industry then the next step is to consider the amount of capital you will be investing. You should start small conduct surveys and studies just to know what type of services are most people looking for. Do you need to buy lifters, advanced Paint Booths, small electronic and manual tools and equipment to be able to perform the services you offer? How many mechanics will you hire and how much are you willing to pay them? The good thing about having your own business is the fact that you are your own boss. You get to decide about everything from the time your workers start, the amount you will charge, the different rules and regulations to follow and most importantly, you will get to enjoy the full amount of your earnings. The only downside in this industry is that you will solely responsible to raise the full amount of capital and will incur the losses by yourself.
Working under a company will secure you a regular monthly income and benefits. You are assured and secured of good working conditions because the law stipulates every employees’ rights. You will also be given a specific set of tasks and obligations depending on the type of position you have. The only downside in this type of industry is the fact that you have to climb the corporate ladder step by step. You have to strive and work and very hard just get one step ahead of your co employees. You can only expect a raise yearly, a bonus at the end of the year, regular benefits. Regardless of the amount of effort you put into your work everyday, you will not be given any additional amount.
If you are one of those people in this crossroad, check your options and which one securely fits the type of personality you have.