Businesses and career opportunities can include owning a business or working in a job role. Many people choose to do both for career growth.
Whether it is starting a hair salon or selling handmade crafts online, there are lots of business opportunities to suit most schedules. Some of these can even turn into full-time careers.
Owning a Business
Owning a business allows you to pursue a passion and be your own boss. It is an exciting and challenging venture that requires a great deal of planning, research and grit to make a success of. There are several types of businesses, including a sole proprietorship, partnership, corporation or limited liability company. Each type of business has its advantages and disadvantages depending on the type of products or services offered and consumer demand. Having a good understanding of business management, marketing and accounting will help you navigate the rewards and challenges of owning a business. WSU’s online Executive Master of Business Administration (EMBA) program can help you build the skills you need to run your own successful business.*
*This information is not meant to substitute for legal advice or counsel.
Working in a Job Role
From a customer service representative to the CEO, every person at a business has a specific job role. This is a way for employees to understand their position, the scope of their responsibilities, and their career path within the company.
Unlike a typical job description, which is often overly detailed and covers everything an employee does at work, a job role describes only the major areas of an employment position. It may also contain a list of qualifications that is necessary for the job to be done well, such as education and experience.
Using job roles allows businesses to better define employee responsibilities and create clearer lines of communication. It also helps companies to develop better succession training programs and set up clearer paths for employee advancement. These paths could be at the beginning, middle, or end of a given career path. Employees can then choose to leave or take on new roles at any time, based on their own motivation and interests.
Working for a Large Business
Working for a large business offers the opportunity to work with talented people who will likely go on to start their own businesses or move onto another firm, creating a pool of connections that can help you in the long-term. Moreover, larger companies offer well-established processes and systems that can make it simpler to follow your career path and comprehend the requirements for growth.
They also often provide more formal options for mentorship and guidance, as well as training and development opportunities. Moreover, they may offer better pay and benefits than smaller firms.
Ultimately, whether to work for a small or large business comes down to personal priorities and professional objectives. However, understanding the pros and cons of each type of business can help you target your job search and find a company that aligns with your preferences. This will also help you avoid jobs that don’t match your needs. You might be best suited to small businesses if you value direct influence over the company’s success and enjoy an entrepreneurial work environment. you can try here