employee vs entrepreneur

Entrepreneur vs Employee.

A huge question. 

For some, it can bear the same meaning as Hamlet's: BE OR NOT TO BE. Do you belong to that group as well?

Are you emphasising this decision as huge as your life itself? 

Don't do this mistake! 

Nowadays, the job market offers plenty of opportunities, where you can mix yours employment with being an entrepreneur. 

In fact, having a bite from both worlds can be fun. 

Let me show you what I mean. 

Entrepreneur vs Employee: What should I choose: being an employee or an entrepreneur?

You see, there are 2 ways to look at that.

One is that you have to find a definite answer.

In other words: you need to go for either one. 

The second option would be, you can combine both.

This is particularly great if you are missing some of the essentials starting entrepreneurs must have.

For instance, budget, time, or contacts. 

Combining both is also a good start for people who still hesitate if entrepreneurship is worth the risk. 

Even though this approach is great, it comes with the risk of being stuck with "thinking small".  

While there were a lot of myths written about this topic, the fact is and stays, that whichever path you choose, it is your choice. 

You need to KNOW YOURSELF and DECIDE WHAT FITS YOU BEST. 

Not what your surroundings, wife, husband, friend, parents, colleagues, or other pals are telling you. 

Why do you want to be an entrepreneur? 

This is definitely a question, you should start with. 

If I can guess, I would say it is something from the following:

  • you are tired of your boss
  • you hate your job
  • you want to have more time 
  • you want to have more freedom (financially, timely and location-wise) 
  • you want to give bigger meaning to your work 

Those were the very same reasons why I started my entrepreneurial career some 3 years ago.

Even so, those reasons are definitely relevant, you should know IT ISN'T THAT EASY. 

I think Noah Kagan, now a successful 8-figure business owner, described it perfectly. 

employee vs entrepreneur


However, without scarring you away (yeah, I want that actually), let me show you some of the PROS and CONS of being an Entrepreneur. 

The Pros of Being an Entrepreneur


1. You're in control. 

As an entrepreneur, you call the shots. 

You get to decide what products or services to offer, how to market them, and what your work schedule looks like.

employee vs entrepreneur


This also applies to choosing the people you want or don't want to work with. 

If you're the type of person who likes having a say in things, entrepreneurship may be for you.

2. You have the potential to make more money. 


Let's face it—most of us would love to earn a higher salary. 

And as an entrepreneur, you have the potential to do just that.
Of course, there's no guarantee that your business will be successful, but if it is, you stand to make a lot more money than you would as an employee.

3. You can be flexible with your work hours.
 

One of the great things about being your own boss is that you can usually set your own hours.

If you want to take a long lunch break or work from home one day a week, it's usually up to you (assuming your business doesn't suffer as a result).

This can be a huge advantage if you have young children or other commitments that make traditional 9-to-5 work hours difficult. 

Some people like to wake up at 3 am, but some just go to the bed at 3 am and start working just around noon.

employee vs entrepreneur

Whatever fits you better, working according to your biological clock, will set you up for a better mood. 

OMG, how I hated those hotel shifts starting at 7 AM, back then when I was employed.

4. You have no BOSS to refer to. 

Unless you really want to, you don't have to refer to any BOSS, as an entrepreneur. 

As previously stated, bad BOSS is a reason for people wishing to switch to entrepreneurship. So, if you belong to that group, you'll be loving this. 

At the same time, there are ALSO RESPONSIBILITIES THOUGH. 

Now, YOU CAN'T BLAME YOUR "STUPID" BOSS IF something is missing, is not on the time delivered, or is delivered with poor quality. You are the BOSS now. 

The Cons of Being an Entrepreneur

1. It can be risky.

There's no denying that starting your own business is a risk—after all, there's no guarantee that it will be successful.

If things don't go as planned, you could find yourself out of a job and in debt.

Before taking the plunge into entrepreneurship, be sure to do your research and create a solid business plan so that you know what you're getting into.

2. You'll have to wear many hats.
 

When you're first starting out, you'll probably have to do everything yourself—from marketing and sales to accounting and customer service.

This can be overwhelming, especially if you're not used to wearing so many hats at once.

If you're not good at multitasking or don't enjoy being pulled in different directions, entrepreneurship may not be for you.

3. You may have difficulty finding funding.

 
Getting funding for your business can be difficult, especially if it's a new or niche business idea.

 
Unless you have deep pockets or are willing to give up equity in your company, raising money can be tough—and it's something that you'll need to think about before starting your own business." 

4. You Have Not Guarantees

This is similar to taking risks, yet different in the sense that you have no holiday days or sick leave guaranteed. 

Yeah, you might plan a holiday whenever you want, but while building up your business, you found yourself sacrificing holiday days for work. 

Secondly, if you are sick, it better be during the period your business is stable because you won't get any sick leave. 

Lastly for employed people is true, that if they get fired, the government can still help them financially. 

On the other hand, if you are an entrepreneur, no government will support you for the time being, and you have no paid gigs. 

Tip: Starting Online Business without (a huge) investment can reduce the need for initial investment. 

How to know if You Are Ready to Be an Entrepreneur?

Being an entrepreneur is not for everyone. 

You have to be able to work hard and be ready for a lot of rejection. 

If you are not sure if you are ready to be an entrepreneur, here are a few questions to ask yourself:

1. Are you comfortable with risk?

2. Are you able to work hard for long hours?

3. Are you able to take rejection and keep moving forward?

4. Do you have the drive and determination to succeed?

5. Are you able to stay focused on your goals?

6. Do you have the ability to think outside the box?

7. Are you able to handle failure?

8. Are you able to stay motivated through difficult times?

9. Do you have the passion and commitment to succeed?

If you answer some of those questions WITH YES, you might be ready to become entrepreneur. 

How to become an entrepreneur?

First and foremost, you don't have to be next Bill Gates, Warren Buffet or Elon Musk.

The truth is, there is a new term "new rich" mentioned in Tim Ferris's 4 Hours Working Week, that brings totally different approach to what should you aim as entrepreneur in 21st century. 

However, staying at the topic, the first step to becoming an entrepreneur is believing in yourself.

Many people are afraid to take the leap and start their own business, but it’s important to remember that you are your own biggest asset. 

If you have a great idea, are passionate about your work, and are willing to put in the hard work, then you can be successful as an entrepreneur.

Another key ingredient for success is networking. 

Surround yourself with positive people who will support your entrepreneurial journey and be willing to offer advice when needed. 

Attend events and meet-ups where entrepreneurs gather and connect with other business owners online. 

Building a strong support system is key for any entrepreneur.

Finally, don’t be afraid to take risks.

It’s important to be innovative and think outside the box if you want your business to succeed. 

There will be times when things don’t go according to plan, but don’t let that stop you from pursuing your dreams. 

Persevere through the tough times and celebrate your successes along the way.

If you want to become an entrepreneur, these are some of the things you need to keep in mind. It won’t be easy, but it will be worth it in the end. 

So believe in yourself, network with others, and take risks – and you’ll be on your way to entrepreneurship success!

Employee vs Entrepreneur: I have been There

You see, I have been giving myself this question as well: 
Employee vs Entrepreneur?

So, I want to GIVE YOU A BIT OF REAL LIFE EXAMPLE. 

First of all, I HAVEN'T COME FROM ENTREPRENEURIAL FAMILY and so far I KNOW, ALL OF MY FAMILY MEMBERS WERE EMPLOYED. 

When considering just a DIRECT FAMILY, NO ONE WAS AN ENTREPRENEUR. 

So, this can give you a perception, if you are thinking to become an entrepreneur, but feeling limited, because no one from your family has done it. 

No worries, you can do it. 

I started my entrepreneurship in 2018 (officially in 2020), and my road before that wasn't so successful. 

However, one thing I remember when leaving school: I didn't want to work for someone.

(If I just knew it will take me more than a decade to start my company.HAHA)

Anyway, would I recommend going for a "risky" business or a "safe" employment way? 

I guess I wouldn't tell you anything new when I say it depends. It really depends on which person you are and what mindset you have.

Because just certain people can work without reward for 6 months, just certain people can work without a boss giving them assignments, and just certain people can work on several projects at the same time. 

employee vs entrepreneur

For everyone matters something else. 

Someone needs freedom, someone security. 

I think, that regardless of your official "status", you should aim that you do something you are passionate about, which is providing value and you are getting a nice reward in return for your activity. 

If this is accomplished in the job, do work. If you can't find this combination in any job, create one and become an entrepreneur. 

In my case, I would say, that entrepreneurship was worth it for me. 

Never in my previous adult life did I enjoy more money, free time, and pleasure in things I do for a living, but also in my free time, as I do have now. 

In the last two years (2020 and 2021) finally was I able to enjoy the proper holiday. Both years 8 weeks of sun.

Below is a picture from the Canaries where we went to escape traditional, cold dutch Christmas. 

employee vs entrepreneur


At the same time, never ever did I work so much (at the beginning mostly) without a direct reward.

Also, there were times when I felt nothing is working, I didn't get clients, no assignments, low income starting out. 

What is your story going to be?

So, should you become an entrepreneur or stay employed? 

It depends on what's important to you and what type of person you are.


If having control over your work and the potential to earn more money are important factors for you, then entrepreneurship may be the right path.

However, if job security and set hours are more important, then staying employed may be best.

Ultimately, only YOU can decide which path is right for YOU.

In any case, I would be more than happy to hear some of your stories from the past or the future.

So, please let me know. 

I hope you liked my blog post and it could give you some new ideas or new perception of the things. 

If yes, please do share it with people you think might want to read it.

Cheers, and to your success,

Julius  

About the Author

Julius is an Online Marketing enthusiast helping people with creating financial freedom. Thanks to Affiliate Marketing it never has been easier. In his free time is Julius spending his time on the soccer field, in the airplane, with a great book, or with his friends.


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  • Hi Julius, never ever was this “problem” made more clear than this!
    All is there to know, for a making definite choice.

    I would think one’s habits play a huge role in your success.
    Everybody always says to change your habits for better success, but it is not that easy and one tends to go back to your original … just a thought… I have experienced it.

    My habits don’t make me fixed goal orientated but I have to have a continuous goal that never stops. That can help me get on the right track. Do you think, the average entrepreneur earns more than an average employee?

    Thank you for the post, it has great insight.
    Estelle

    • Hi Estelle. That’s the interesting angle you set up here. Every entrepreneur needs the right habits. Above all, SELF-DISCIPLINE. In my employment, oftentimes when I made a mistake, someone would repair it. When I work “from myself” I know that what action I do, the kind of result I will get. There is no one to repair my “non-profitable” actions. Waking up on time, working when you don’t have to work, thinking about new projects… that stuff is all on your board as an entrepreneur. On the other hand, you can also have a free afternoon, free week or even a month whenever you want (if you can afford it obviously) So it has PROS and CONS. About the revenue, i THINK IT DEPENDS. In my case, I do earn and keep more money now, as when I was in employment, but it was;t the case at the beginning. Then again, when many would gave up, I continued and now I can slowly rip the sweet fruit of my efforts.

  • Hey Julius,

    This is such an important article and topic to discuss.

    I am currently an employee and an entrepreneur. If I had the money on to make it as an entrpreneur then I would ditch my job where I am an employee.

    I love the work I am doing on my side hustle and I am confident that I am going to make it full time soon.

    Thank you for sharing and keep up the great work.

    All the best,

    Tom

    • Hi Tom. Thanks for sharing your experience with us. Many people were in your shoes. they took the daily job as a middle station towards something bigger, because of several reasons, and money is one of them. I am super happy for you, that you already have found your side hustle. I wish you a lot of success with persuading this hustle and really looking forward to hearing from you when you make it your full-time “job”. Then, I will come to visit you in the UK. Cheers

  • This is a great article on how it can encourage would-be entrepreneurs to take action. I start with myself, I was an entrepreneur in interior work and demolition and renovation of apartments. In this article I found myself with an option and a combination in both directions, I was both an employee and an entrepreneur at the same time. I worked with my workers and was their “boss”. 🙂 As for the risk, I absolutely agree that there is always a risk of some unforeseen situations, but there is also a risk in the daily job, so you can’t really choose. But when you have a great idea and self-discipline, and you can work hard/smart enough, everything will surely come in time, and of course, you will be able to cash in on your efforts. 🙂 Thank you for this inspiring article and I’m sure it will be as useful to many as it was to me.

    • Hi Zvezdan,
      Thanks a lot for sharing your experience with us. It sounds to me like it must have been fun to work with your “employees” on the same projects. Even though, it might make them feel a bit uncomfortable. Haha. You are totally right. If you have a great idea, the right working mentality (as working smart is often better than working hard), and persistence, you will make it happen in the end. Also, to know your audience (or target group can help) I am happy you found my post useful and inspiring. Come for more anytime, please. Cheers

  • I also left my old job and my many bosses (I had one direct supervisor but several other bosses too … which could be frustrating since they never seemed to be on the same page), so I left them in April and started my freelancing journey. What I can say so far, I love it, but you’re right, it takes years until you can make it as a freelancer. It doesn’t just happen overnight. What Noah says is very true.
    Gigs are often short-term and you are constantly looking for new gigs. There are times when you have plenty of gigs but there are also times when there’s nothing. It comes with ups and downs and since I just started freelancing in April I think I’ve done well in general but now I’m going through a low again… and it can be nerve-wracking. But at the same time, once you’re established as a freelancer or an entrepreneur you can make as much money as you want. An employee has security but is limited with his/her salary. A freelancer or an entrepreneur has no limits to how much he or she can earn.

    • Hi Cristine. Super happy for you sharing your experience with us. I share your frustration with bad bosses, and in fact, it is the reason for many to give up their job and persuade own paths result of this. (in my case it played a huge role). Even though there are risks included, and before you made it, there will be some tough days, the results, that might come one day are MUCH MORE SATISFACTORY. Money, time, and impact wise. At the same time, not many people can take the risk of being without regular income. I am honestly wishing you the best in your journey of being your own boss. Should yo ever need further help, guidance, or just inspiration, please come back as often as you want. Cheers

  • Hi Julius, Great post. Probably best post I’ve read of yours. I’ve read a lot of blog posts recently and none have been like this where it’s just been easy to read. Like how you’ve used short sentences and paragraphs but still got right to the point.

    I think there is definitely a big difference between entrepreneurship and employment. There are pros and cons for both. I know working is reliable you get paid enough to live but you are limited to really living. You have to save up for things, make sacrifices, etc. Whilst entrepreneurship might mean having to live with less but if you can make it work the potential is limitless.

    Still, I am trying to get these wheels in motion – almost 3 years of blogging but I like the feeling of working toward something. Until then – the best thing I can do is keep working and setting new goals.

    Thanks for sharing such an inspiring post

    best regards;

    Alex

    • Hi Alex. Thanks a lot for your compliments. I feel rewarded -;)
      Entrepreneurship isn’t always an easy task as people in employment often might think. Yet, it offers the freedom to plan your own time and in the end, if it will work out, it can create just better life. With more time, money, and freedom. The road can be long (it should be, otherwise everyone will walk on it and we have no employees) I think, you need to find what is best for you. Meaningful job, that pays well and makes you happy is also great. I just haven’t found such and therefore I created one for me. Let me know if you’d like some more help. Cheers

  • Hi Julius,
    Your article got me seriously thinking…..
    Oh, the joy of being your own boss with the ability to start and to work when you like – at the beginning! You quickly learn the word “discipline” that you need to pay attention to – or go hungry!

    Being an entrepreneur is great, but this is a lot of hard work behind the scenes for every success you see just as Noah described – endless hours, owner equity, frustration, headaches, etc!! Most importantly, it would be best if you were prepared for the risk, otherwise, you run back to paid employment. I have seen a few people do this, Being an entrepreneur is NOT for the faint-hearted, so you need to understand your tolerance level. If you stick with it……….it eventually pays off and people will look at you and think your success came overnight (:-)

    Ceci

    • Hi Ceci. Working behind the scenes is really an important task when you are being an entrepreneur. Of course, many people don’t realize that. In fact, it is the same as any other skill you want to master. Great ice-skaters also train extensively for hours long, while their performance takes 5 minutes and it all looks perfect. On the other side, these “struggles” at the beginning are important to be able to stay humble when success will arrive. Also, the hard times are there to serve you as a “trial”. If you are READY for THAT EXTRAORDINARY LIFE. Honestly, I think nothing long-lasting can be created overnight, and therefore, all the work you put in at the beginning is there for a reason. Then, at the right time, automation will become your best friend.

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