subject: Why You Cannot Depend on Your Boss [print this page] Why You Cannot Depend on Your Boss Why You Cannot Depend on Your Boss
You might put a lot of trust in your company, and depend on your boss to keep you employed. Perhaps have worked at the company for a number of years, and that should keep you secure until you are ready to retire, right?
While there is some logic in this type of reasoning, it still is not the best way to go. Even though starting your own business is risky, not having your own business is even more riskier. Here are some reasons why you should not depend on your boss for financial well-being.
Exchanging Time for Money
First of all, you are exchanging your time for money. This means that no matter how many hours you put in, you will always have to put those same amount of hours in order to get paid. It means that if you get sick, you do not get paid, and so on.
When you have your own business, you get paid regardless of your circumstances. You can be employed full-time at your company, or you can stay at home and take it easy, or you can go on vacation.
However, don't get me wrong, when you first start your business, you will have to put in never-ending hours, but in the end it you can do what you want. Whereas when you go to a job each day, you may have to do a lot of things that you just do not want to do...and the sad part is, that it never ends.
No Control
The second reason that you should not depend on your boss, is because you have no control over his actions. When the going gets tough, he might just let go and leave you hanging. If that happens, there is absolutely nothing that you can do about it, and you are back to square one.
However if you have your own business, you may have to downsize in slow times, and you definitely will not make as much money. But if you are offering a valuable service or valuable products, then there will always be a few customers for you to serve. This means that your income will not stop even though you may have to spend longer hours at the office again.
Personal Finances
Many believe that when your business fails that it also affects your personal finances. This is not true as you can start your business and have it completely separated from your personal bank account.
So really the risks are not that great, it just takes more time and effort to get your business off the ground. The internet has made it extremely easy for anyone to start their own online business with no risks involved. All you need is time and a bit of training and you can do it.
