In India, due to high population and illiteracy there is unemployment and poverty. Every year large number of students graduate from universities. Still there is unemployment due to lack of practical knowledge. Earlier in the past history, there were many people who started their own business and these businesses were carried from generations to generations even today. But today the question still remains there? Whether to continue family business? Or to work hard and join your specialized industry to work with?
When we are happy with our work, we are more productive. It does not matter if it is a business or a job.
A job is any kind of work which is performed in exchange for payment of money and other benefits provided by the company to the employee. A job provides fixed salary benefits and other benefits such as bonuses, insurance, paid leaves etc. There is flexibility in job as a person may shift from one industry to another industry based on interest and preferences. It also helps to choose specific work opportunities to increase knowledge and skills. As Job experience increases, position in the company also promotes to the higher authority level.
On other Hand Business is starting up your own firm in the interest of your passion for generating profits. Business may be profit oriented or non-profit organizations. In business you are your own Boss. But with power comes responsibilities and duties. Business involves high risk factor as compared to Job. With High risk comes huge profits too. To start a business, a unique business idea and execution is required. Entrepreneurship skills are essential in running the business effectively.
Starting a Business from the scratch requires time and efforts. Persistence is the key to success. Even if the business started is at smaller level , to reach its growth will require handwork and planning.
Both Job and business are very important for the growth of the industry and country. Business requires employees to run the business effectively whereas employees require business firm to work with.
Time is the biggest asset in both Job and Business. Businesses require huge investments to be made before setting up the firm. Job may not require the same but it does require skills and experience in order to achieve in life
No matter if you fail in business or Job, you should never give up on your dreams. There may be circumstances where you would not be able to survive in business due to losses, but successful business firm does not become a Brand at early stage.
According to me, for me, setting up a new business is better option as compared to Job. Working in the field of your interests and hard work pays off. Successful business helps in the growth of the society. We need new entrepreneurs to come up with their unique business ideas that will solve the social problems and help in developing new products and services. Leaders are not made, they are born!
