Some people hesitate between getting a job and starting their own business. While the idea of not having a boss and working on one's own schedule may sound tempting, financial risks and stress sometimes outweigh these advantages. In your opinion what are the pros and cons of working in a company?

There are times when those working in a corporate setting may wonder if life would be better running their own business. Before considering opening a small enterprise, it may be worth examining the positive and negative aspects of working for a

company

. I will discuss my views on both the good and bad elements of corporate

work

in the following paragraphs. There are clearly some positive aspects

to

Suggestion

of

working for a corporation,

otherwise

few people would do it. Being an

office

worker myself, I believe that the best part of working for a large organisation is the predictable

income

stream. The ability to accurately predict future

cashflows

Suggestion

cash flows

simplifies life tasks

such

as budgeting, mortgage applications, and setting savings targets. Additional benefits of working for a

company

are lower

risk

and lower invested capital requirements. The corporation takes on nearly all of the legal liability, investment

risk

, while

for

Suggestion

of

an employee the only

risk

is potential loss of

income

via redundancy or dismissal.

By contrast

, in a small business, the owner takes on all of the aforementioned risks, along with significant

reputational

the state of being held in high esteem and honor

reputations

and personal

risk

. While there are upsides to the corporate

work

experience, there are

also

significant issues. The most obvious problem is that with limited

risk

there is an associated limit on

income

potential. In most

company

jobs,

income

is generally fixed as a base salary plus, potentially, some bonus based on performance.

Further

, when I consider how most people achieve great personal wealth, it is usually through successful entrepreneurship, and in rare cases, climbing to the very top of the corporate ladder. Attaining top

company

positions is often fraught with

office

politics and navigating sometimes toxic

office

cultures, which is another major downside to working for a corporation. As a small business operator, one rarely has a manager telling one what to do, or standing in the way of personal growth. For most people, investing most or all of their capital in a new venture can be terrifying. The lower

risk

and greater predictability associated with corporate

work

can be quite comforting, and despite the limited revenue growth and

office

politics, these benefits are sufficiently enticing to sway people over to

work

in offices.

However

, for those who seek earnings upside and self-determination in their corporate lives, there are options. One can always try hybrid roles,

such

as sales

work

, which combines a base salary plus unlimited commission, which may bring some additional

risk

, but

also

much more potential reward.