Job vs. Business

As the fever of entrepreneurship is gripping Indian youths, most of the young kids and even the established players are facing the dilemma of whether they should live an easy less risky life of job or should they take the leaping jump into the world of business.

Well, there is no one answer to this. Job ensures some fixed salary at the end of each month. It has a defined career progress path and once you keep working on some profile, one can easily develop a niche which can help you live easy in foreseeable future. You can save a lot of time for your family members. However, there is a flip side to it. Most part of your life will be spent in buying a house or securing some property here and there. You will not be a leader. In the job, you will be fulfilling someone else's dream.

On the other extreme is the world of business where the risk is high but the dividend is also great. But only if you succeed. You will be working 24*7 but you will be a leader, a self-made, self-managed person. The most satisfying aspect is you will be job creator instead of a job seeker. However, barriers to entry are also relatively high and one may go penniless for some few years.

As someone said it crisply, Job is about live your present comfortably, while business is about compromising your present standard of living to live a royal life later. The decision of Job vs. Business is entirely subjective and personal decision. However, there are certain essential traits a businessman must possess. For instance Risk taking ability, self-managed lifestyle, disciplined behavior towards the job, passion for the dream and ability to take failures without getting bogged down at all.

However, the real twist comes when we have a third component like grade A level government job vis-a-vis private job and business. Grade A level job will only pay you enough to live happily without any savings provided one does not engage in corrupt practices. However, it is safe, stable and allows you sufficient time to grow in your job and do other extra-curricular activities.

Therefore, In my opinion, it is better than a private sector job where one takes all the risk and faces all job politics without any actual power in hand. However, it is debatable whether it can be compared with the opportunities which business offers.