1. Entrepreneur or Employment?

2. Entrepreneurship and employment are two different career paths that a person can choose depending on his or her personal aspirations and work characteristics.
It is really up to the person at the end of the day on what career trail he or she will follow, considering all compelling career factors that are important to him or her.

3. List of Perks and the Downsides of being an Entrepreneur as Compared to being Employed

4. Important Career Factors
Entrepreneur
Employee
1. Income
Income generated passively even when the entrepreneur is resting
Opportunity income unlimited, depending on the success of the business
Income only earned when the business is successful
Income generated actively
Income usually fixed per month and increase every year depending on the employer and the employee’s performance

5. Important Career Factors
Entrepreneur
Employee
1. Income
Income earned whether the business is successful or unsuccessful
2. Hiring and Firing, Organizational Setup, and Major Key Result Areas
Provides jobs; is the owner of the business and conducts the talent selection
Fully responsible for serving customers, making
Seeks for a job; is the one applying for a job nd is interviewed by the company’s hiring officers

6. Important Career Factors
Entrepreneur
Employee
2. Hiring and Firing, Organizational Setup, and Major Key Result Areas
the business profitable / sustainable, and providing employee satisfaction
Has the power to disengage nonperforming employees applying the due process policy of disengaging personnel
Can venture into expansion of business such as franchising and buying
Seeks for a job; is the one applying for a job and is interviewed by the company’s hiring officers
Has the goal of satisfying only the employer or the direct supervisor

7. Important Career Factors
Entrepreneur
Employee
2. Hiring and Firing, Organizational Setup, and Major Key Result Areas
other similar businesses
Fully dependent on the employer's performance; is at risk of losing his or her job if the company does not perform well; may find it difficult to just leave their below par employer if this is their only source of income

8. Important Career Factors
Entrepreneur
Employee
2. Hiring and Firing, Organizational Setup, and Major Key Result Areas
Can only work for the current employer exclusively
3. Daily Task
Performs all necessary variable tasks to establish and manage a startup business, which usually takes most
Has routine tasks and works on regular or normal hours
Follows policies, procedures, and memoranda from the employer

9. Important Career Factors
Entrepreneur
Employee
3. Daily Task
Prepares policies, procedures, and memoranda for the business
4. Leisure Time and Vacations
Has a flexible schedule and can take unlimited number of vacation days (applicable only if the business has stabilized already)
Has a limited number of vacation days imposed by the employer

10. Important Career Factors
Entrepreneur
Employee
5. Taxation
Taxed on the net income; can claim taxable income deductions for allowable expenses incurred by the business
Taxed on the gross income; cannot use expenses incurred related to the job such as food and transportation expenses to claim for deductions from taxable income

11. Important Career Factors
Entrepreneur
Employee
6. Comfort Level at Work
Is comfortable in doing multiple and challenging tasks and takes accountability with the risks and profits of the businesses; does not want to be confined in a box; thinks outside the box or sometimes thinks there is no box
May be comfortable with routines and minimal risk; may also be comfortable in working for the company itself

12. Careers in Entrepreneurship

13. Entrepreneurship consist of vast career options that depends in the passion and field of the entrepreneur
The saying was very applicable to the entrepreneur who consider managing their business as enjoyment rather then working exhaustively. “When you love what you do, it’s as if you are not working”.

14. No successful business started huge right away
No successful business started huge right away. A business starts with an idea. Once the business is established, the business owner, the entrepreneur, can choose to expand and explore franchising, intrapreneurship (managing a startup business in an established business), and acquisition (buying another similar business or a new business). Franchising is a business arrangement wherein the franchisor, who is the owner of the business, acquires distribution centers through the franchisees or the affiliated dealers.

15. Most Common Small Businesses in the Philippines

16. Sari-sari store Rice Retailing Food Cart Business
provide affordable basic nearby products in thee communities
one of the easiest businesses to set up due to minimal capital required
Rice Retailing
very common in the country
Food Cart Business
very popular in the Philippines
present in almost every populous location
usually under franchising arrangements

17. Buy-and-sell Businesses
Printing Business
also lucrative in the Philippines because the demand I very high
usually situated near schools and offices, printing businesses cater to the needs of students and also to offices
also cater to the printing demands of occasions (weddings, anniversaries, birthdays, funerals, and graduation)
Buy-and-sell Businesses
one of the emerging business in the Philippines
not just done traditionally in brick-and-mortar stores also in the internet

18. changed the behavior of how Filipinos exchange goods in the most efficient and practical way
everyone can technically be a seller even without an actual business
Street Food Business
this kind of business is widespread in the Philippines
street food businesses are literally located in streets
majority of the street food business owners are selling grilled foods (barbeque, chicken intestines, chicken blood, chicken feet, and duck embryo) is also sold in the streets
have been successful and are timeless

19. Flea Market Business or tiangge
set up a small space and sell any type of goods in a palengke set up that is normally in an open space
customers are more interested to buy here because they can bargain for the price from clothes, food items, souvenirs, and household effects
Online Selling Business
deals with adding the internet as a marketing and transaction channel for selling
the focus is on selling existing and established products online
the revolutionized the way Filipino transact business

20. Cellphone Loading Business
more than 95% of Filipinos are prepaid mobile phone users
80% of Filipino households have access to mobile phones
some entrepreneurs link the cellphone loading business to their existing businesses
Laundry and Dry Cleaning Business
often located at central business districts and areas with several condominiums and townhouses
the business owner should follow hygiene requirements before starting this business

21. Hair Styling and Makeup Business
one of the successful business in the Philippines is hairstyling business includes parlors and barber shops
also offers auxiliary services such as hair treatments (perm, straightening, highlighting), massage and nail syling
Filipinos are generally conscious abou proper grooming and hygiene so that's why this business is profitable
Spa, Gym, and Nail Care Business
One of the ways Filipinos cope with stress is by going to a spa
offers a range of massage treatments that can relax the stressed areas of the body, as well as other skin treatments such as facials and body scrubs

22. Video and Photography Business
Filipinos also go to gym because more Filipinos are becoming health-conscious
nail care is very much enjoyed by Filipino women who avail of a manicure
Filipino men are also focusing into their overall appearance these days
Video and Photography Business
requires talent in capturing precious moments of celebrators in weddings, birthdays, anniversaries, graduations, and other important events
gaining popularity because of the presence of social media, where videos and photographs are supposed to be shared to other people

23. Tutorial Business Baking Business
caters to students who are not able o catch up with their lessons, or those who just want to be ahead in class
composed of experts in particular field who transfer their knowledge to another for a fee
has become an important aid in reinforcing and enriching the students’ basic education knowledge
Baking Business
present in almost all neighborhoods in the Philippines because bread is the second staple food of Filipinos
Pan de sal is the most common bread being offered by this business

24. Web Site Development and Design/Blogging
the popularity of internet brought many opportunities to Internet-savvy budding entrepreneurs
the web site developer conceptualizes and implements a Web site for another business
Blogging has become a source of income by most online writers, depending on the writer's agenda
a blog may become famous or successful if the site has a number of followers or readers
some people may earn cash by allowing companies to place ads on their blog

25. Direct Selling Business
very common in the Philippines
a face to face selling products by a sales agent
the products include fashion accessories, health and wealth items, clothing, food supplements, and homecare items
Car Wash and Car Care Business
often see in large cities because f the proliferation of cars
The demand for a car care increase every year

26. Bar, Café, and Restaurant
number of foodies (food enthusiasts) has increased because of the Filipino palate became globalized
Filipino consumers’ demand for variety and quality taste has evolved as well; thus, these businesses are continuously thriving
Water Station and LPG (Liquefied Petroleum Gas) Station
These business can never go wrong as they continuously serve households, supplying them with their purified water and gas needs
The products that they sell are used for daily consumption, which is why a lot of these are found in almost every corner in the Philippines, especially in urban areas

27. Entrepreneur Philippines

28. Bakeries, bakeshops, and bread products
Bars, cafés, and bakeshops
Beverage and confectionery
Car care
Clothing and accessories
Convenience stores
Drug stores and pharmacies
Fast food establishments and restaurants

29. Food and snack carts
Gas stations / petroleum products
General merchandise and retail
Health and wellness (salon, massage, spa, and gym)
Schools
Services (personal and business
Water stations