Being employed or to run your own business, which one is better? To me, there’s no definite answer. It’s how you view it. However, there’s one common factor between them i.e. no matter whether you are an employee or an employer you will face risks.
There’re a lot of people who asked me, why do you want to set up your own business? Between being employed and to run a business, which has the higher risks? During our school years, we are told by our teachers and parents to study hard so that we can secure a good job in the future. If that is so, then why should we start a business? Thus, there is no right or wrong answer to this issue. Everyone deserves a life of his or her own choice.
Based on my observation, I can see that nearly every entrepreneur has a business partner in their lifetime. Partnerships are usually set up to reap the expertise that each person can bring into the business. This is because two or more heads are better than one. When you form a partnership, you had sharing the responsibilities and may be able to offer a greater range of services.
However, there’re still a lot of people feel that it’s a bad idea to go into business with a partner as you will be splitting your overall profit. For me, we should try to think in another way round as a partnership can actually help increase your overall profit. The reason is because the person that you are collaborating with may be able to help you attract more customers, as well as get more work done to provide reliable services to customers.