Finding A Job Vs. Starting A Business
Moving to a new city brings with it the promise of new beginnings. Whatever the reason for your move, a new city holds the promise of new things. You may be contemplating making a radical change where your career is concerned as well. You could be weighing the options of either finding a job or starting a business. Either of these are options you are familiar with, and you are now probably weighing the better one of the two.
Let us explore the advantages and disadvantages of both options, and we will leave the decision-making to you. Hopefully, you will pick up valuable insights from this article.
Advantages and disadvantages of finding a job in a new city
The advantages of finding a job in a new city are;
- Your income is steady and assured.
- You learn new skills.
- It is easy to get a proper work-life balance.
- You work regular hours. You clock in and clock out at the same time, every day.
- You get to learn how large companies operate.
These advantages are mostly tied to skilled jobs, whose salaries are usually mid-range to high and whose hours are decent.
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Having a job may not be as rosy as it is made to sound; it also comes with its disadvantages, some of which are;
- You may be forced to work with people you do not like.
- You may have to perform tasks you do not like, especially if they form part of your job description.
- Though your salary is stable, chances of a raise are not very high and often.
- A huge chunk of your daily schedule is taken up by work.
Advantages and disadvantages of starting a business in a new city
Having explored the pros and cons and finding a job, here are some of the upsides of beginning a business in a new city.
- You get to save a lot on your taxes by being a business owner.
- You get to set your own goals.
- Your office set-up, décor, location etc. is decided by you.
- You are your own boss.
However, running a business may have been glamourized but it has its downsides as well. These include;
- 100% of the business success lies heavily on you.
- You are on call 24/7, making work-life balance a difficult juggle.
- Your income is dependent on how well your business did that week, month or year.
- It can get lonely as you work by yourself most of the time.
- You have to work very hard to achieve your goals.
These challenges are common to every business owner, but are amplified especially if you are starting out in a new city.
With that brief summary of what to expect as a job seeker vs. a business owner, you should be able to make an informed decision on which option to choose. Remember, it is usually hard to start out, but it gets better as you get acquainted with your new city or state.