Business Face-off: Entrepreneur versus Employee
June 10, 2009 by Admin
Filed under Business Face-off
I have decided to add a new category in this blog that I believe will become interesting for me and my readers. I started adding the category “Business Face-off” as you can see in my category menu above. I believe that putting two things in a showdown by means of descriptions and differentiations will help readers to clearly understand these two things. For the first battle, I have chosen the entrepreneur and the employee. So let the showdown begins:
| Entrepreneur | Employee |
| 1. Income varies | Salary income is fixed |
| 2. Income is unlimited | Income is limited |
| 3. May incur losses | Never incur losses |
| 4. Risk is high | Low risk |
| 5. You are your own boss | Follows your boss |
| 6. Flexible time | Usually follows company’s time policy |
| 7. Relies on profit earned | Receives company’s employee benefits |
| 8. Exciting | Usually not exciting |
| 9. Greater responsibilities | Lesser responsibilities than your boss |
| 10. Works longer and extensive hours | Generally works according to office hours |
| 11. Absorbs administrative responsibilities of the company as a whole | Lesser administrative responsibilities |
| 12. Manages people and may face problems handling ineffective and inefficient employees | Employees other than managers and HR do not have responsibilities in handling people |
| 13. Gives jobs to number of people | Maintain job with employer |
| 14. Remits business taxes to the government | Do not remit business taxes to the government |
| 15. Savors independence in making decisions | Relies and follows the decision of their employers |
| 16. Maximize skills and talents | May only use required skills and talents |
| 17. Faces business competitors | Competes for promotion |
| 18. May be reprimanded by customers or clients | May be reprimanded by customers, clients or employers |
| 19. More exposure to community | Community exposure usually not necessary |
| 20. Can deduct business direct or indirect expenses in computing taxable income | Can only deduct personal exemptions, additional exemptions, and other tax deductibles allowed by the Estate for computing taxable income of employees |
So what do you think is the winner? Is it the entrepreneur or the employee? Do you want to become an entrepreneur or an employee? Feel free to share your comments or views below. You can also add other advantages or disadvantages which I forgot to include in the list that favor an entrepreneur or an employee.
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Hands down being an entrepreneur is better. Yeah you struggle at the begin but thats ok since the benefits of being your own boss is so much better.
Hi Deneil,
Thanks for commenting. I also going for entrepreneurship. It's risky but it's fun and exciting. The reward is also inspiring and challenging. You know what I'm talking.
You welcome, the ups and downs of being an entrepreneur is awesome. None of us like when its down but that's when we learn the most.
<blockqoute>None of us like when its down but that's when we learn the most.</blockqoute>
I like this line Deneil Merritt. It reminds me to be thankful even at the hardest moment.
I am glad you like it. Coming up from the bottom is only half the battle. We still need to maintain success once we are at the top.
Good comparison of entrepreneur and an employee. Right now i m employee but my future planing a successful entrepreneur.