Is it better to be an entrepreneur than to work for the government?

Updated on : December 4, 2021 by Cameron Wallace



Is it better to be an entrepreneur than to work for the government?

The preference has to do with the person's internal wiring.

In personality psychology, locus of control is the degree to which people believe they have control over the outcome of events in their lives, as opposed to external forces beyond their control. Most entrepreneurs entered the game due to locus of control. More than earning money or status or anything else.

The way to be in control of your life is to work for yourself. These are about 8% of the population. They will prefer to become entrepreneurs.

In the scientific study of human relationships ("Psychophysics") most people

Keep reading

The preference has to do with the person's internal wiring.

In personality psychology, locus of control is the degree to which people believe they have control over the outcome of events in their lives, as opposed to external forces beyond their control. Most entrepreneurs entered the game due to locus of control. More than earning money or status or anything else.

The way to be in control of your life is to work for yourself. These are about 8% of the population. They will prefer to become entrepreneurs.

In the scientific study of human relationships ("Psychophysics"), most people (the remaining 92%) are "risk averse" or overstep a sure thing on a "bet" that may even have a higher expected value .

An example is battered women who remain in an abusive relationship despite the pain they suffer.

Such internal programming may be the result of multiple iterations of human evolution in which risk-averse individuals survived and risk-takers were eliminated. Successive generations would have a higher proportion of risk-averse progeny.

Consequently, most people are willing to put up with any "pain" that working for someone may induce for the security of an income.

To get a "good" job, employability in a good company becomes the goal. Government work provides even more security and would be your preference.

It depends on your abilities, skills and personality.

If you want creative freedom, then entrepreneurship is much better than a government job.

If you want personal and financial security, then a government job is better than an early stage startup.

However, if you are successful in your entrepreneurial endeavor, you can potentially earn more money than in any government job in the world. In fact, a businessman wanted to buy islands to make his own country: Egyptian billionaire Naguib Sawiris offers to buy a Mediterranean island for refugees

Other Guides:


GET SPECIAL OFFER FROM OUR PARTNER.