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Nairaland Forum / Nairaland / General / Business / Paid Employment Or Running Self Business (11566 Views)
Poll: Which Is BetterPaid Employment: 8% (6 votes)Running Self Business: 91% (62 votes) This poll has ended |
Which One Is Best; Persistent Job Searching Or Self Business Setup? / Is Paid Employment ( Salary Job) Really A Slavery? / Please Help: I'm Tired Of This Paid Employment (2) (3) (4)
Re: Paid Employment Or Running Self Business by web30: 1:21am On Oct 20, 2009 |
This is it, in paid job you are working for the security of your employer and not yours. Another view is this, when the profit of your employer increase, your income will not increase in that proportion. But if you are running you business, when your profit increases, so your security. Just make sureyou build a good business model. |
Re: Paid Employment Or Running Self Business by shamespury: 4:28am On Oct 20, 2009 |
i agree to everyone's view but as for me, self business is actually better. from my personal experience as an employee for years. after taking the risk nd bold step to start my own business i discovered that the money i made for my employer, i could actually make more for my self.but it takes alot of dedication, committment, discipline and hardwork to achieve that. it also depends on the type of business u want to go into. for instance why should a person who doesn't have the skill of making nails or hair venture into salon business simply becos he or she thinks the capital is there to set up a well furnished salon, obviously he or she might start very well but with time, i tell u the bisness will fall due to lack of manpower and skills. 1 Like |
Re: Paid Employment Or Running Self Business by AjanleKoko: 7:53am On Oct 20, 2009 |
Actually at any one time, you are both a paid employee and running your self business. The mistake we all make is in not understanding the true nature of what we're doing. If you are in paid employment, you are actually selling a business - yourself - and you're responsible for your own profit & loss. If you are self-employed, that word in itself is descriptory enough. You are in paid employment, but you are your own employer. Self-employed people need to work at least 10 times as hard as people in paid employment, work longer hours, have less holidays, and spend less money. For me, everybody should do both. If someone else employs you, you can use their resources towards achieving your own life goals. You can imagine the benefits - free Internet and e-mail, guaranteed paycheck, etc, at the very least. Many others offer much more, such as free medical and other benefits, so you don't have to worry about those while pursuing your life goals. In fact, to get a very good, high-paying job, especially in Nigeria, requires a lot of hard work as well, even sometimes more than so-called self-employment. But it opens a lot of doors, assists in building a reputation and a contacts base, and in the case of some of us, a lot of international travel to places we could never have gotten to on our own, or even gotten the visa. My take is, both of them are good. But it's a lot easier to let someone else pay you first, while you build up your arsenal of knowledge. But always keep in mind my first sentence. |
Re: Paid Employment Or Running Self Business by Nobody: 8:26am On Oct 20, 2009 |
Being self employed u become ur own boss |
Re: Paid Employment Or Running Self Business by fuke(m): 9:23am On Oct 20, 2009 |
" NO MAN IS TRULY FREE WHO WORKS FOR ANOTHER MAN" |
Re: Paid Employment Or Running Self Business by fuke(m): 9:31am On Oct 20, 2009 |
bighabit: Pls talk to me at jidolconsul005@yahoo.com. We can do some things together. |
Re: Paid Employment Or Running Self Business by abbeyboy(m): 11:35am On Oct 20, 2009 |
mantote:Quite true!! You've hit the nail on the head. Oluschenco:I agree, if one wants to be realistic. |
Re: Paid Employment Or Running Self Business by Primenet(m): 12:27pm On Oct 20, 2009 |
actually self employment is recommended but there is need for you to work and have some experience before you eventually venture into tour own business. |
Re: Paid Employment Or Running Self Business by emiemi(f): 1:42pm On Oct 20, 2009 |
Nigerians do no have much of a choice sef, what is the percentage of jobs available to the graduates or qualified persons? ![]() |
Re: Paid Employment Or Running Self Business by cvibe: 6:10pm On Oct 20, 2009 |
, and who is supposed to create the jobs? |
Re: Paid Employment Or Running Self Business by yommyuk: 2:17am On Oct 21, 2009 |
if everybody becomes their own boss. which people will fill the paid employment sector. There must be a balance. We all cannot be oga. This is part of the nigerian problem and mentality Nobody wants to serve. Everybody wants to be served. To drive the economy we need people in paid employment as well as owners of business. So in my own opinion, both feed of each other and are equally important. It is a matter of personal preference. The CEO of marks and spencer earns millions PA working in a paid employment. And there are owners of small businesses that earn less than £50k PA working long hours. I know which one I would prefer ![]() |
Re: Paid Employment Or Running Self Business by kcjazz(m): 5:40am On Oct 21, 2009 |
yommyuk: The MicroSofts, Mark Spencers, Apple were all small garage businesses at one time. The CEO might be earning millions but have you considered what the founders Mr Micheal Marks & descendant is earning? even if its a public company. Self employment is not for everyone. Agreed We can't all be ogas but even as businesses we can't provide every service so the balance is for me to get paid doing my part well and paying others to do there part well. That promotes capitalism. If anyone has the dream to go in any direction, please do cos I think that is how a great economy is built |
Re: Paid Employment Or Running Self Business by lagosbloga: 8:32am On Oct 21, 2009 |
@ Ajanlekoko, Well said you have demonstrated your knowledge of the topic which is very correct. |
Re: Paid Employment Or Running Self Business by martinosi: 1:13pm On Oct 21, 2009 |
Possible to do Both, !!! Wiser to start with Paid Employment and Then move gradually into your own Business or just follow der Nigerian Elite Be in Employment and have 3 to 4 businessess running at the same time making you Millions of Naira, Dollars, Euros etc, ![]() |
Re: Paid Employment Or Running Self Business by baslone: 1:24pm On Oct 21, 2009 |
xtremeidea: When you know what you are doing and you take a look at your bank account, you won't envy but pity I know sum1 who spent the better part of his years on the streets in idumota after university. He now lives in his own house at VGC with business outlets at high brow places scattered all over Lagos though he still can't do 3days without going back to his roots - that same Idumota. It all depends on the mind-set. What works for you might not work for the next person. |
Re: Paid Employment Or Running Self Business by yommyuk: 12:55am On Oct 22, 2009 |
If anyone has the dream to go in any direction, please do cos I think that is how a great economy is built ![]() |
Re: Paid Employment Or Running Self Business by yommyuk: 1:01am On Oct 22, 2009 |
My take is, both of them are good. But it's a lot easier to let someone else pay you first, while you build up your arsenal of knowledge. But always keep in mind my first sentence ![]() |
Re: Paid Employment Or Running Self Business by Yoighaman(m): 2:32pm On Oct 22, 2009 |
Some bank chiefs do not own the banks-"paid employment" Other bank chiefs own their banks- "self/paid employment" some of their depositors are in "paid employment" other depositors are in "self/paid employment" Chart your own course- BOTH PAID AND SELF-EMPLOYMENT could be rewarding. All things being equal, self-employed people ultimately have more opportunities of acquiring great wealth and have more fulfillment in life. Again, this will depend on your your definition of FULFILLMENT & SUCCESS is. Cheers. |
Re: Paid Employment Or Running Self Business by Nobody: 5:28pm On Oct 23, 2009 |
Self employment in the long run is the best option because with time there can only be only one way to settle the rising cost of things. |
Re: Paid Employment Or Running Self Business by javascript: 11:07am On Oct 24, 2009 |
Life is all about risks! so as for me it is better to take risks , Self business is my way, http://forumwalls.com/index.php?topic=2164.msg2182#new http://forumwalls.com/index.php?topic=2164.msg2182#new http://forumwalls.com/index.php?topic=2164.msg2182#new |
Re: Paid Employment Or Running Self Business by AjanleKoko: 12:10pm On Oct 24, 2009 |
Steve Ballmer is a classic example of a career employee who is a billionaire. He hasn't worked for anyone else but Bill Gates since he left Harvard. Some people here would say 'but he is not Bill Gates'. So what? He's a lot better than most anyways. We can't all be Bill Gates. |
Re: Paid Employment Or Running Self Business by Nobody: 3:47am On Oct 25, 2009 |
It simply boils down to what you love doing. I like being in charge/head of what I do. Somebody like that can't last long in a paid employment, rather he strives to pay people. |
Re: Paid Employment Or Running Self Business by yommyuk: 11:01pm On Oct 25, 2009 |
both methods are needed to drive economic activity and the balance b/w both should be appropriate. Imagine a system where most people own their own businesses. In the UK, the proportion b/w both methods is RATIO 1:5 and not the reverse. In the developed world, the value of employees as an asset is very high. They invest in their employees unlike Nigeria where majority of the sectors do not value the importance of Staff development. ASUU crisis is a typical example of this. or where staff will not be paid for mths. Therefore I understand u guys who are highly in favour of one running self business. But this is my question for you. How will u value your employees? Will u empowered them via development or just pay them to get on with the job they are employed to do. Consequence; they will either steal from u or find a better job where they will feel more valued. SO REMEMBER THE ADAGE : A SYSTEM THAT FAILS IT'S PEOPLE IS A FAILURE So if you are opportuned to be your own boss. Remember those underneath u and value their contribution. |
Re: Paid Employment Or Running Self Business by bolalawal(f): 4:14am On Oct 26, 2009 |
Several years ago,I used to be and believe in paid employment until an internet marketer opened my eyes and mentored me on legitimate internet businesses.Now,I make the kind of money that no employer can EVER pay me.well,if you are interested and want to start,contact me on [email]immaculatetech2000@yahoo.com[/email] 1 Like |
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