“Success usually comes to those who are too busy to be looking for it”
Henry David Thoreau
“Success” is what everyone wants to procure in their life by whatever means, be it a job or business. And you’re not an exception. Have you ever wondered whether you should aim for a 6-digit paying job or invest in starting your own business? This question always keeps trotting in the mind of every individual at some point or other. Undoubtedly, job vs business has always been in debate for ages. If you’re sailing on the same boat, Tradeflock has brought you this guide on the significant aspects of job vs business. We hope this write-up will help you choose your career path by enlightening yourself. Without beating around the bush, let’s now get started from scratch.
Table of Contents
9 to 5 Job – An overview
Job refers to full-time or part-time employment to earn a predetermined amount of money. In other words, it refers to a specific duty or nature of work that will get you a predetermined salary. When it comes to getting a job, you must remember that there will always be a superior person who will assign you tasks, monitor your performance, and determine your salary. Basically, doing a job or working in an organisation simply means that you’re working for someone or someone’s goal. You have no authority of your own; you will be given the tasks you must complete on time.
Business – A synopsis
A business refers to an organisation or a company with a commercial, non-commercial, or professional objective. In other words, it refers to a group of two or more people working together to achieve a common goal. So running a business can be both profit-based as well as non-profit-based. In fact, running a business means you’re superior, and there is no boss above you.
Further, the success of your business will depend on your decisions, hard work, and the ability to take/ bear risks.
Read also: Equity vs debt: Which is a good start for a business?
Major Differences Between Job And Business
To help you venture your career in the right field, we’ve curated a table of aspects highlighting the concept of job vs business below. Here are key differences to help you know and decide which is better – job or business.
| Major Differences | Job | Business |
| Vision | Working towards the vision of your boss | Working toward your own vision/ goal |
| Growth | Limited (only growth when you get promoted) | Multiple ways to grow |
| Motivation factor | Bonus, reward, promotion, increment | Business’s success, profit, goodwill |
| Risk | Termination (otherwise there is no risk) | More risky (like loss, which the owner will have to bear the risk) |
| Profit | No profit only fixed salary you get | All profit which is earned will come to you directly |
| Qualification | Certain educational degree, training certificate, is required to do a job | Doesn’t need specific qualifications. You can earn from someone or hire an advisor |
| Schedule | Standard working hours/ no flexibility | More flexible as you can work as per your needs |
| Investment | Small investment required to garner the right kind of skills for a corporate job | Huge investment is required to chalk out a business plan, find a property, work to meet all regulations, hire employees, etc. |
| Competition | High competition to achieve professional growth | Competition with your competitors |
| Pros | Steady income source, perks, industrial exposure | Independent, learning new skills |
| Cons | Office politics, switching jobs, can’t decide your task | Finding investors, managing deadlines, unethical practices, corruption |
Final verdict on the job vs business
When it comes to Job vs business, people often get confused as to which career path to pursue because decision making between these two is a little tough. However, in this article, we have outlined the major differences between a 9 to 5 job and a business to help you understand which one is the BEST choice for you. Therefore, before venturing into any field, it’s crucial for you to consider the pros, cons, challenges, money factors, risks, etc., associated with a particular field. Further, you will also have to take everything into account, such as your interest, skills, and personal and professional goals, to make the right decision. Now the ball is in your court, just decide and make an appropriate decision.
If you have any further queries or questions that you would like to discuss in more detail, we’re here to help. Feel free to connect with us today to solve your doubts. We would be happy to listen to your queries and provide you with a valuable solution.
