The following is
my answer to a Quora question: “If you want to make
money, is it better to work for the Government, or be an entrepreneur?”
If you want to be wealthy, become an
entrepreneur eventually. When you work
for someone, if you are valued, they will pay you enough that you will stay,
until you have no more worth to them or a cheaper alternative comes along. They will never pay you enough to leave.
However, you are trading stability for
opportunity. There are no guarantees
when it comes to opportunity. You either
make it or not. Not making it is not the
end of the world; you can always go back to work for someone as long as you are
competent. Or, you can try again. Few entrepreneurs succeed the first time. What makes them successful is that they did
not give up at the first challenge. What
is most important here is that you should have taken a calculated risk. You did your homework before jumping. Even if you fail, you know that you tried.
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