Tag Archives: Self-Employed

Being Employed vs Self Employed

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.

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Money Issues of Being Self-Employed

Chinese would usually like to do business or being self-employed. This is because they can set their own schedule and work from home. You will have more opportunities to increase your income and spend more time with the family.


However, if you are self-employed then you need to consider more on your financial planning. If without a real financial plan in place, you may face a financial disaster in the near future. Here are some concerns that you should address:


There are certain expenses that you would incur in your daily living. But you need to plan your basic monthly commitment. I started my career as a financial planner and my budget strategy is to take into consideration my monthly expenses. I also look into my day-to-day cash flow to identify other expenses that I may not accounted for. Probably I will start with necessities like utility bills, petrol, food then followed by savings.

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