Why should you start a business instead of just looking for a job? There are a lot of reasons why starting a business might be a better option for you. I’m going to cover the major one in this post.
Getting a job where you work for minimum wage isn’t going to make you a ton of spending cash. That’s because you are trading your time for dollars. You go to school 8 hours a day. By law, you can only work a limited number of hours until you are out of high school. Maybe you are in the school band or play football. That likely takes a few hours after school (at a minimum). If you factor in time for homework and chores around your house, your time is limited. So 10 spare hours a week for only $8 an hour is only going to get you $80 per week. Less really because you have to pay taxes on that income.
Now let’s compare that to running a business that you started. You can design websites for small businesses in your company. If you charge $50 per month to maintain a company’s website (which takes 2 hours a month), that’s $100 working only 2 hours! $50 an hour isn’t bad. James Altucher, a very successful entrepreneur, and best selling author, tells a great story of how he encouraged his teenage daughter to start a business rather than take a minimum wage job. Look at his example of how you can work less and make more money:
You can read the story and his full post over on Medium at The Best Advice Ever To A Teenage Daughter Who Needs To Make Money