Benefits of ownership vs. Employee

You’re free to make your own schedule
You’re free to take vacations whenever you want
You’ve the freedom to take care of your family’s needs as they arise
You pick the location and can move it as you move
You’re able to wear clothing that’s comfortable for you
You have pride and passion for what you do
You make the rules, there’s no boss to report to…YOU are the boss
You choose the clients and co-workers you want to work with
You improve the economy by creating jobs and opportunities
Your sphere of influence is boosted; you can meet other business owners as a result of your mutual business ownership interests and expand your sphere

Here are some of the shortcomings of being an employee:

You can be fired or laid off without a warning or chance to react
Your contribution is rarely valued as an employee
You have a single income stream; you’re paid a salary
As you age you become less valuable to the company
Studies show that the typical worker stops receiving raises around the age of 40. These studies also show that workers in their 40’s and 50’s earn only about 10% more than similar workers in their 30’s.
Newest employees are the first to be let go
Your future potential turnover will increase
- Example: You were with your old company for 10 years and you were laid off. At the new company, where do you think you’ll be on the list when they need to do layoffs?
Not only will your income actually go down; you’ll also have less job security
You are usually capped on your pay
You only get paid for work you have done, can never make passively earnings
You always have to consider where your employer is located and if it’s a reasonable distance from your home
You are essentially a subordinate
You have to follow dress codes
Employer’s values may not align with your personal values
- Example: Thousands of Enron employees lost their jobs and retirement funds due to corporate malfeasance, accounting violations and unethical business practices