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Why do most people want to work for someone else instead of for themselves?
A job stands for Just Over Broke With a lack of "traditional jobs" at an all time high why aren't more people looking for ways to make money outside of the typical job market.
Simply put, why don't more people have that entreprenurial mindset/ spirit?
There is less risk usually when one works for someone else.
There are also differences between the way self-employed people and employees (of a company) get taxed.
Sometimes the employer also grants perks to their employees, such as insurance or healthcare.
There is simply an enormous amount of risk associated with starting your own company. The vast majority fail in the first 1-3 years. It is just not for everyone. It sometimes can mean losing everything you have because of the initial upfront investment. That ofcourse depends on the type of business. In contrast, if you work for someone, the risk is you may lose your job, but not an upfront investment of capital. I recently wrote a hub on the topic of starting your own company. Feel free to read it if you like.
http://landmarkwealth.hubpages.com/hub/ … n-Business
1. The risk associated with opening up your own business is risky. I heard that less than 20% of start up companies survive. People have different risk appetite, some are risk averse while some others are risk taker. Risk averse people may not like opening their own business, since it takes their peace of mind.
2. If you already have a family or dependents, becoming an entrepreneur becomes much riskier. Many people find difficulty in sleeping if their business is not performing well, whereas they need to feed their family or dependents as the breadwinner. In this case, it may be better to work first and get enough money before taking business risks.
3. People work to get the capital so that they can open up their own business in the future. Of course you can use other people's money as an entrepreneur, but self-reliant is an important trait of a successful entrepreneur.
4. Some people prefer to do normal daily job that does not require further thinking, with fixed working hours so that they can spend time with their family in the evening and on the weekends. Becoming an entrepreneur means your life will be highly dynamic, uncertain working time, including doing some works in the evening or in the weekends.
"Just over broke" applies to many self-employed people as well. When you work for someone else, their start-up costs have already been paid and the initial capital has already been put up. When you work for your self, you have to front all of that money, and it's not uncommon to report losses in the first years of business. Some people can take that risk, some can't. Like the other posters have said, it's all about weighing the risks.
It is the slave mentality. The majority of people in this world are slaves emotionally, mentally, psychologically, psychically, and spirituality. They are imbued with the mindset and psychology of being the average Joe/Josephina. They were further imbued by their parents, relatives, and other adult figures to do as they are told and not to rock the proverbial boat so to speak. Many people were reared by parents who placed an undue emphasis on job security, especially those who had parents who lived during the Great Depression. To such parents, working for someone else provides security and an assurance of being taken care of for life.
Many people prefer to work for others because it is safe and comfortable. They do not have to assume great responsibility and endure the risks that it takes to be self-employed. They just want to go to work, take their breaks/ lunches/ vacations, have a bonus/raise thrown in sporadically, and anticipate retirement. They also are afraid of career ownership. They feel safer being a latter day work slave than to have the power and freedom of owning their own business. There are some who are afraid to take risks and fail, preferring the anonymous monotony of working for someone else.
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