starting ones own business requires a lot of “unpaid” bizdev, contract management, accounts payable/receivable, plus dealing with PnL, EBITDA, tax, business rates, expenses… and then although I handle the marketing my colleagues handle media appearances, ad deck bidding optimization, Gartner analyst relations, and I have direct reports to manage CRM/ERP integrations and graphic design. It’s just not a 1:1.
Depends on the country. Where I live it’s beneficial to start your own company once your income reaches 10k euros a month. Being an employee here is for the sake of security. Unemployment benefits, difficulty to be fired. Parent leave. Shocks during an economic crisis are absorbed by the company.
There’s pros and cons to each. But if you are handling 5 SME’s. Working productively all the time. From your own home. Then I’m guessing it can be beneficial for yourself to start your own company.
With such a job, you’ll likely have a safety buffer in your finances for the unpaid period. No clue why there’d be an unpaid period though, you already have your connections.
Once again… easier here in Belgium. Taxes on labour are quite high, becoming an independent can cost the company less money while putting more money on the independent’s bank account.
A lot of people here complaining about the taxes, but unwilling to give up the security of employment
starting ones own business requires a lot of “unpaid” bizdev, contract management, accounts payable/receivable, plus dealing with PnL, EBITDA, tax, business rates, expenses… and then although I handle the marketing my colleagues handle media appearances, ad deck bidding optimization, Gartner analyst relations, and I have direct reports to manage CRM/ERP integrations and graphic design. It’s just not a 1:1.
Depends on the country. Where I live it’s beneficial to start your own company once your income reaches 10k euros a month. Being an employee here is for the sake of security. Unemployment benefits, difficulty to be fired. Parent leave. Shocks during an economic crisis are absorbed by the company.
There’s pros and cons to each. But if you are handling 5 SME’s. Working productively all the time. From your own home. Then I’m guessing it can be beneficial for yourself to start your own company.
With such a job, you’ll likely have a safety buffer in your finances for the unpaid period. No clue why there’d be an unpaid period though, you already have your connections.
Once again… easier here in Belgium. Taxes on labour are quite high, becoming an independent can cost the company less money while putting more money on the independent’s bank account.
A lot of people here complaining about the taxes, but unwilling to give up the security of employment