Jiva Technology

start ups versus self-employed

What actually is a start-up?

Since the Great Recession (not so great for most people), the UK and many other countries have experienced a growth in new business formation. Does this suggest a burst of entrepreneurial zeal or an increase in people starting a business because they couldn’t get a job. People often ask me about entrepreneurship, presumably on the basis that I have some special insight. I don’t. But I do recognise that there are good reasons to ‘start up’ a business and some not so good ones. The first thing to say is that start ups are really hard work compared to normal jobs. And I mean really hard. In my opinion, the best place to be is the owner of a profitable, private company. Next place, a nice comfortable job that you enjoy. Last place, working in a start up because it looks like fun. Or maybe not last place, but you probably get the idea.

Entrepreneurship born of desperation is a term I’ve come across recently. I can’t get a job, so I need to start up something. This sounds like the sort of thing I’d recommend if you’re 20. Great experience, you don’t need much to survive and if you have some mentors, you’ll learn a lot by doing. You may even become the next Zuckerburg. You never know. For everyone else, this sounds like a bad place to be.

Start ups are about making an idea come to fruition, not about creating a cool job for yourself.

 

 

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