Entrepreneurship vs Employment: Which One Suits You Best?

Some people have adopted a toxic habit of demonizing what they have not possessed.

After frustrations, they’ve allowed negative energy to settle in their bones and brain and come out as insults and ridicule. Some have taken to nicknaming many, if not all, successful people as corrupt and drug smugglers or female leaders as prostitutes. Sadly, some don’t seem to tire and have extended the habit to the dilemma between seeking jobs and starting small businesses.

In Kenya, there are thousands of unemployed youths and graduating from reputable universities and with good GPAs have not put them at the frontline of getting the jobs they desire, or even at entry level to work their way up.

The dilemma of starting a small-scale business and seeking a job is not new.

There is no concrete answer as it depends with what you want. Each has pros and cons hence should not demonize what does not favour you.

Success depends on environmental and personal factors. For example, in sectors where positivity and collaboration are necessities, fulltime pessimists are rarely retained. Disappointedly, some campaign against formal employment never mention they were the problem. Let’s face it, not all jobs are about bosses raining insults, setting impossible demands, working in poorly-ventilated offices, or living in the office and visiting home for a few hours.

It takes a hefty amount to run a successful business, but the challenges are not conclusive that the business cannot thrive.

Advantages of self-employment

• You are your own boss
• Paves the way for growth by getting out of the comfort zone.
• Freedom to do what you want or love, in your means and time.
• Nurturing leadership skills
• Flexibility of the income
• Personal relationship with the customers
• Opportunity to test different projects
• Sharpening decision-making skills
• Learning to be a self-starter because the income depends with the efforts put
• Availability of personal time
• No limitations to what you can do
• You choose your customers
• You become visible unlike in some organizations where your efforts can go unappreciated or unnoticed

Disadvantages of self-employment

• Minimal understanding of the challenges
• Inability to forecast due to financial constraints to upgrade or high experts
• Multitasking
• Unsteady pay
• Risk of personal relationships paving the way for accumulation of loans.
• Lack of external input. An extra opinion is always important and doing everything on your own can make the business dull but getting another person’s opinion even if you won’t use it reminds you to look outside the box.
• One can develop time insensitivity. Time is money and because some open and close whenever they want, it might be a challenge living in an area where things are done within a specific timeframe.
• Lack of social life- it’s always important to have someone, not necessarily a circle of friends, but a few people so you can see, learn and appreciate their points of view and improve interactivity skills.
• Sometimes shifting to formal employment is a challenge- one, maybe because the entrepreneur has adopted the habit of dragging self and working on inventories whenever he or she deems best. Sometimes a substantial amount of pressure is important to send one off the comfort zone and explore saves time and helps identify opportunities/ upcoming tragedies at an early stage
• The business may not offer the best learning experience- let’s admit that there is more to growth than money. We also need intellectual growth that is present in the corporate sector.
• Risk of developing polarized perceptions. That is, thinking that what you do or say is right and anything else is wrong. Developing and nurturing a polarized mindset makes it hard to interact and have deep conversations with others.

Advantages of salaried employment

• Learning how to interact with colleagues and those in high management skills
• Guarantee of monthly payment
• Exposure to challenges and growth opportunities
• Great flexibility
• Holiday and leave payments
• A fixed schedule
• Job advancement

Disadvantages of salaried employment

• Monotony
• Lack of personal time
• Can become invisible in large organizations
• May never step of the comfort zone
• Difficulties hunting for a job if fired

Weigh the options and choose what favours you the most

The Kind of Business I’d Get Into If I Had The Money. Day 5/30

My business idea falls into the food category. It’s not a food delivery app neither is it a restaurant of some sort. Rather, a meat mart. Hold on, let me finish. I know we’re in the age of tech but going a little old school doesn’t hurt.

You see, before doing my journalism major and loving everything media, I was a poultry farmer. Rearing chicken and selling them at a profit was something I enjoyed very much. Let me tell you a bit about the profits, they were awesome. I made zero losses during that period. Unrelated, if you want tips and tricks, am charging something small.

Kenyan Chicken Curry • Source Hamilton Beach

Poultry farming is a lot easier than what most people think. Free range chicken or what I’d like to call kienyeji, is a Kenyan favorite. So you know, even if I were to start this business again today, I’ll still make profits. The good thing about kienyeji chicken is, they don’t require much. They’re also not as needy as the broiler ones. Feed them right, have water and an area to soak up the sun. That’s it. Give them few months to mature and you have a profitable business right there.

Kenyan Style Fish Stew • Source Kemmy Recipes

My meat mart will also include fish because, why not? Fish is amazing and not as main stream as red meat. In Nairobi alone, there’s roasted meat on every street going for cheap. I prefer fish over beef and chicken, and not just for the omegas. Fish itself is easier to digest than beef.

I’d also look into getting my fish and chicken straight from the source. It’s for this reason am getting my own fish and chicken farms. Running my own farm ensures am in control of every step of production. From the farm to the table. I would cancel all the middle men that often result in higher prices. My future customers would enjoy fresh fish and chicken at affordable prices.

I’d name my meat mart, kuku samaki, Swahili for chicken fish. It’s simple, cute and easy to remember.

By the way, it took me a whole five minutes to come up with that name. Don’t steal it.