Proponents of entrepreneurship believe that self-employment is superior to institutional jobs as they allow greater autonomy to the individual and is not forceful. Others argue that the relative income security and low probability of personal loss is why working at a company is much better. while I acknowledge the latter, I strongly agree with the humanistic benefits of working for self.
Employment at a company may allow individuals to live a life of low risk. Most average level employees receive a steady monthly income, and some enjoy routine work with minimal creative problem solving required. It is usually a lower stake work mode which allows maximum gain without personal responsibility to invest in or bear losses of. This is especially fit for individuals who prefer a stable work life and desire to invest towards other aspects such as family, hobbies etc. For instance, someone coming from an unstable economical background may prioritise working for a regular income to rely on for their and their family’s expenses as opposed to the risk of losing more money in a business.
However, working for self is much more fulfilling. While official jobs may force work or even a lifestyle incoherent to self, here, the person is in control of themselves and get to choose the activity to pour their mental and physical resources into. Small scale businesses, for example open their doors to a much wider range of creative manipulations that companies are too afraid to take. As an owner of a venture, people flow with their ideas, similar to a stream unobstructed by the coercive nature of employment by others.
In conclusion, while working for companies and institutions provide the necessary economic and mental stability, being self-employed opens doors to a much wider experience of life in terms of control, creativity and autonomy.