Entrepreneurship vs. Employment — the Complete List of Pros and Cons
So you have a brand-new business idea and you’re considering venturing out on your own. Before you take the leap, it’s time to take a careful look at entrepreneurship versus employment. Then, you can decide which path works best for you.
This guide is designed to share the pros and cons of both lifestyles. From there, you can make the critical decision between entrepreneurship and standard employment.
Entrepreneurship vs. Employment
Entrepreneurship: The Pros and Cons
Employment: The Pros and Cons
Entrepreneurship and employment come with two very different lifestyles. Before we dive into the differences, let’s start with definitions.
- Entrepreneurship involves establishing and running your own business or service. Your earnings will be the business’s profits.
- Employment includes hourly-rate or salary jobs. Here you complete specific tasks and services assigned by an employer.