Give and Take
There is value to both being an entrepreneur and working for a company where you receive a salary or some other form of guaranteed compensation. You will have to do some research and personal introspection to decide which direction is best for you. Let’s look at a few of the most common determining factors and the investment you will have to consider in each one.
The first area to look at very seriously is your financial situation. Can you afford to make the change to being an entrepreneur? Do you require a guaranteed paycheck every two weeks? How about benefits such as health care, are they important? The simplest way to look at the income possibilities is that the salary is guaranteed--but comes with strings attached: Performance reviews, hours, job description. As an entrepreneur, your income is not limited, and the only strings are the ones you place on yourself. However, there is no guaranteed income, at least in the early going.
The next area to consider is the amount of time you are willing to put into being an entrepreneur. It is not a 9 to 5 job. In the early stages, you will put as much time as needed to keep the business moving forward. More than likely, you will be handling many different tasks that will require you to manage your time very effectively. You will have competing projects and responsibilities, all requiring your time and energy, some with deadlines. On the other hand, your time will be a bit more predictable in a salaried position and probably more easily managed.