The modern global economy is dynamic and fast changing. With so many options available, there is no dearth of employment opportunities. Agreed, the distributive justice of said opportunities is very unfair, but more or less one is able to find a job for a living. At the same time, the same global economy also provides wonderful opportunities to enterprising people who don’t really want to work for others, and hence eases them to set their own businesses up. Such people are called entrepreneurs.
Both the terms, an employee and an entrepreneur, are vastly different and both provide their own sets of challenges and opportunities in the modern world. As such, the question arises, which one of these should be prioritized more? This is a question both, the person choosing their career and the government of the land need to address.
To be fair, the concept of entrepreneurship would not exist without the concept of employment. Any entrepreneur would need a workforce of employees to give shape to his ideas. At the same time, employees would morally suffer in the absence of a voracious leader in an entrepreneur. Both the concepts go hand in hand.
At this stage, it must be pointed out that the average 9-5 office going Joe is extremely bored of the monotony of his job. Every one and their cousin is looking to escape the low paying monotony of their jobs and start a business of their own. Add to that the recent Government initiatives to aide small and medium industries and voila! The confidence is at an all time high.
Yet, the harsh world of entrepreneurship is not meant for everyone. Not everyone can necessarily have the skills to negotiate contracts, chalk up financial plans, optimize the operations all while strategizing for the next year. Hence, one would need to hire a few people to do these jobs for him/her. This brings us back to the first point, an entrepreneur cannot survive without employees.
Hence, one needs to assess his/her own abilities, capacity and confidence in order to make the decision about prioritizing. After all, being an employee isn’t as bad as everyone makes it out to be.
From the Government’s perspective, so far the first priority of any party that is in power has always been the large businessmen that fund their political agendas. A common man finds no place in the government’s real objectives, no matter what he is : an employee or an entrepreneur. Yet, with increasing awareness among the public and better education, the status quo is being challenged.
At least in the election manifestos, the parties mostly seem to be highlighting the fact that they’ll bring in “more employment”. While these promises are most of the times not fulfilled, I feel that is a different kleptocratic debate. What these parties don’t realize is that to bring in more employment, they need more companies. Most of the companies operating presently in India are based abroad, even the ones founded by Indians are registered abroad to save on taxes. This just means that the entrepreneurial spirit isn’t properly being paid heed to. A budding entrepreneur does not get many substantiative benefits he/she deserves. This needs to change.
Hence, if one were to look at the present state, the need of the hour seems to be prioritizing entrepreneurship on the large scale, fulfilling which would mean a lot of employment opportunities. As far as personal interests are concerned, it is quite subjective and varies from person to person but a quest for business knowledge by indulging in a small side venture wouldn’t hurt.