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You must have heard a lot of people commenting how challenging it is to become an entrepreneur from an employee. Indeed, a giant leap of faith is required to take even the first step. But what is it that prompts people to make this professional transition? What career prospect wins if you think about entrepreneur v employee?
The battle of entrepreneur v employee shows its effects on every aspect, including mindset, habits, and overall approach to work.
Many people think there’s a clear distinction between entrepreneur v employee. Employees follow, and entrepreneurs lead the way. But that’s not always the case. Sometimes, it’s not so simple to distinguish between the two types of people.
Entrepreneur v Employee: an Introduction
Before we begin the comparison of entrepreneur v employee, it’s crucial to understand what the two terms entail.
To put it in simple words, employment is when you work for a company to receive compensation. You are allotted a specific role in a company that requires you to fulfill particular responsibilities. You might have to participate in training programs to fit into your position. And you receive payment consistently, usually monthly, when you are an employee.
Entrepreneurship is when you start a business for profit. An entrepreneur has to make investments, control the entire operations and spearhead the services of the business. Entrepreneurs can delegate some tasks to others but mostly rely on their expertise to boost their business. The pay is not always consistent and depends mainly on their business structure.
Entrepreneur v Employee: the Similarities
It might appear that the line of entrepreneur v employee is always clearly defined and different. However, there are some similarities between the two positions too.
Payment
Yes, there’s quite a difference in the payment plan of the two positions. But let’s not forget that both entrepreneurs and empl… Read More
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