Lesson # 15 : Why A Business Works Better Than A Job

There are four sorts of people in this world. The first who get a job and continue doing the job for the remainder of their lives, the second who get a job then start of with their own business, the third who inherit their family business and the fourth who do absolutely nothing.

The reason why a business works better than a job is relatively simple.

Say work done by a person in the office is with an efficiency of  60%. The same work when done by the same person for himself would be in the range of 80 - 90 %. The reason is relatively simple. When all the money goes into your pocket you would rather work harder and get maximum utility from that work rather than work for someone else and get only a negligible share of your efforts.

Chance's of promotion in a job are relatively lower. Whereas the sky is the limit when it comes to a business. A business can grow every single day, every single hour, every single minute. As a result while the salary from a job is fixed the salary from business is often increasing and at an incredible rate.

The only problem perhaps is that of risk. But the fact is that probability of a failed business venture and the probability of losing a job are more or less in the same range.

So going over the pros and cons it is more than less obvious that a business is definitely better than a job.

Happy Business

Udit Sabharwal { On behalf of Doodle inc}