C.E.O. or Employee? The Advantages

If you are like me (and most other people), you have spent the majority of your present career working for someone else. But the option of working for yourself is one worth considering. But you have to be realistic and consider all the pros and cons. In this article we will look at some of the advantages of being the boss and for remaining an employee.

In many ways society has glamorized self-employment. Nearly everyone has romanticized about being our own boss; blazing our own trail. But there are definitely advantages to working for someone else.

Advantages to Being an Employee:

• Steady income that is independent of company success (in most cases)
• Only responsible for your scope of work
• Usually comes with benefits such as health care and paid vacations
• You are not responsible for the cost of equipment/materials to do your work
• Company Picnics (or is that a disadvantage?)

Hmm, maybe working for the Man is not so bad. So let’s take a look at the benefits of working for yourself.

Advantages to Being Self Employed:

• Determine what the company does
• Decide who you work with
• No conflicts with your boss
• You can’t be fired (but you can fail)
• Income possibilities are limited only by the success of the company

A lot has to with these two factors: Security vs. Risk and Independence vs. Dependence. We will look closer at these issues in a later article. And tomorrow, we will list some of the disadvantages of being self-employed and working for someone else.