So, you are at a crossroads in your life thinking which path suits you best. Becoming an entrepreneur or employee both have their own pros and cons, but by knowing yourself deeper you can find the direction that best suits you. Take this easy and fun quiz to find out!
Entrepreneur or Employee Quiz
#1. How do you make decisions when under pressure?
#2. What's your approach to risk?
#3. Which work environment do you thrive in?
#4. How do you handle failure?
#5. How do you view your professional future?
Results
Your answers suggest you have the makings of an entrepreneur. You’re comfortable with risk, adaptable, and driven by vision and innovation.
Your responses indicate you might be better suited for employment. You value structure, stability, and careful planning, thriving in environments where these are prioritized.
Difference Between Entrepreneur and Employee
If you have still not decided whether to be an entrepreneur or an employee, this is their difference. An entrepreneur is an individual who has full autonomy and flexibility with their work hours and schedule. However, they don’t have the security and steady income of an employee.
An employee, especially one that works in a respectable company will have a consistent schedule which is usually 8 hours of their day for 5 days. They will have a steady income stream as well as benefits that can be used for their medical and other health bills.
The path of being an employee is already familiar to a lot of people, but entrepreneurship is not as transparent as you usually see on TikTok or YouTube, so here are some of its pros and cons.
Related: Are You CEO Material? Take This Quiz to See If You Could Run a Fortune 500 Company!
Pros and Cons of Entrepreneurship
Pros:
- Independence: Entrepreneurs are their own bosses, they will have control over when and where to work.
- Satisfaction: Most entrepreneurs will also choose a venture they are passionate about and interested in giving them work satisfaction.
- Unlimited Potential: Unlike an employee, entrepreneurs have unlimited potential when it comes to raising their income.
Cons:
- Irregular Income: Business is full of ups and downs, and it is especially true when it comes to their profits. Some days it will be so high you can’t even believe it, but there are days that will make you think to go and get a job instead.
- Long Hours: Contrary to what people show you on social media, entrepreneurs work longer hours, because their success is totally dependent on their own effort and the time they put in.
- Immense Risk and Pressure: If there are people relying on you, the risk associated with entrepreneurship will be greater. Not to mention, when it becomes a full-scale operation, your employees will also depend on you, making every decision heavier than you can perceive.
Related: Freelancer vs Employee: Should You Get a Job or Become a Freelancer?
About the Quiz
The quiz above is just a quick and fun way to know if you are someone suited for entrepreneurship or the traditional employee path. Both will have their own pros and cons, so there is no correct answer aside from one that you have decided for your own self.