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It does if you aren't a big company person. I suspect the majority of entrepreneurs aren't doing it for the money, they are doing it because they don't fit the
by tonyedgecombe 2y ago
It does if you aren't a big company person.
I suspect the majority of entrepreneurs aren't doing it for the money, they are doing it because they don't fit the traditional corporate mould. The people the media loves to focus on are the outliers.
Schumpeter had some interesting insights on this: https://reactionwheel.net/2019/01/schumpeter-on-strategy.html https://reactionwheel.net/2019/01/schumpeter-on-strategy.htm...
- prmph 2y agoAlso, for some of us, building your own company is much less risky than working for a company. No matter how comfortable or secure you feel in your job, sudden layoffs can and do happen. Also, what if you develop an illness that makes you unable to work? Having your company means you can make money while you sleep, you answer to the market (which on average is somewhat "rational") rather than to a (possibly capricious) boss, you get to grapple with a wide range of interesting challenges that take you out of your comfort zone and lead to personal growth, and so on. As long as you are able to build a company that provides income at least comparable to what you would make at a job, I think the benefits are numerous. It is not for everyone though.