The Story of Choosing a Path: OSCE through Business/Employment

Introduction

A 20 year old college grad, Tom was caught between a rock and a hard place—between a day job where he’d probably make a killing but be horribly unhappy, or finding an internship to land that perfect life everyone aspired to. It was such a challenging one, but listening a billionaire advice, a dream that one got showed him the advantages and disadvantages of both scenarios.

Daydreaming with a Personal Finance Advisor.

The images were very clear when Tom assumed a sleeping position: the dream came alive. From it he got acquainted with a businessman who told him about himself and some left and practical knowledge on business and holding a regular job. This billionaire went on to detail how constructing an enterprise provided liberty, imagination and riches. Tom was encouraged by him to make up his mind according to the choices he makes from his preferences, abilities and wants.

The Pros of Business

1. Entrepreneurial Freedom: The billionaire added that being an employer means having the opportunity which the career position does not give. Tom could create his own career and choose his own operation procedures.
2. Unlimited Earning Potential: Businessmen could build successfully and obtain a variety of revenues to form great fortunes out of it. The billionaire adduced that this potential was much more limited in the conventional working environment since earnings would be pegged on an employer’s payroll.
3. Creative and Innovative Opportunities: For Tom, this would be the opportunity to introduce an idea from the ground up, and contribute to the development of society. He had stressed that such an effect was not common were he working like any other employee, as these concept belonged to the company.
4. Flexibility: A business, according to the billionaire, could provide a better balance of work and free time; Tom could decide what kind of schedule he wanted and arrange his business around his personal issues.
5. Personal Development: Beginning a business would in some way be beneficial to Tom since he be forced to work out of his comfort zone and learn how to overcome any hitch that may come along without a work round solution.

The Cons of Business

1. High Risk: He explained the dangers of undertaking an entrepreneurial venture because it is expensive and can fail at any time.
2. Long Working Hours: This success may require Tom to start with his own business working so hard in order to prosper than prosper in order to work hard. He should be willing to sacrifice his time of rest or fun.
3. Financial Instability: The billionaire also explained that a business could also mean a possibility of financial instability, as Tom could have months with no earnings, while trying to make something out of his idea for a company.
4. Uncertain Personal Relationships: Tom could also have trouble in developing personal relationships because it takes time to work for new business.

The Pros of a 9-to-5 Job

1. Steady Income: He said that getting up early in the morning to go to work and clocking out at 5 p.m. plus, is having a dependable check, and indeed, most billionaires would agree with him.
2. Work-Life Balance: Work is free for Tom time to spend with his family and himself.
3. Employee Benefits: A standard job, for example, was known to provide employee benefits like heath insurance and retirement benefits, which probably would not be feasible to any business owner.
4. Transferable Skills: Tom could then use the corporate job to learn skills that would be important no matter what he chose to do for a career, the billionaire pointed out.
5. Job Security: If Tom performed the 9-5 job, he would be shielded through a secure employment with little chance of losing his income as it is the case with starting up own business.

The Cons of a 9-to-5 Job

1. Limited Growth Opportunities: The standard job could definitely hinder Tom as the billionaire mentioned that 90% of ideas and innovations could belong to the firm and not the employee.
2. Creative Stifling: Tom might be able to restrict himself creatively and ideas wise in a corporate setting.
3. Lack of Ownership: The billionaire stated that if Tom was working a normal 9 to 5 job, he would be basically trading his time and energy for someone else’s gains and would never hold any equity stake in that business or witness the gains he made.
4. Limited Earning Potential: The billionaire told Tom that his earnings will be controlled by the salary scales of his employer and therefore, he cannot amass enough wealth.

Conclusion

After coming to, Tom saw the light, he has the information to make the right choice. Now he can see that neither of the choices has anything evil to it and each has its own advantages and disadvantages. Tom had the wisdom he gleaned from his billionaire to know which path to take based on the want of interests, expertise, and goals to satisfy. He would aggressively pursue whichever course he chose probably with a view of making out a meaningful life for himself.