Which career is best in Construction Industry- Entrepreneur or Employee?

 Be a Boss or Work under a Boss

Like other Industries, Construction Industry also has the same differences. Let us analyse the differences and opportunities between job and business.

Employee

As an Employee, Your role will grow like this based on your performance.

Trainee - Project Engineer - Senior Project Engineer - Project Manager _ Senior Project Manager -

                 - Asst. General Manager - DGM - GM  - SGM - Vice President - President

                                 - Director - CEO

This ladder of growth is possible for only those who are ambitious, improving skills, upgrading Industry knowledge frequently and hard working. They focus on the improvement in the career, choosing companies which have potential and work in that way. Workplace politics is also inevitable. You have to work within the limits permitted and the resources allotted to you. You have to work with the available  team only, and only you have to groom your juniors for growth of company.

Guaranteed income is the major benefit for employees. If you are talented, you have to plan and work overtime in the company or part time in other, to increase your income. Otherwise, Same income only possible with some increase every year. You have to live within budget and some mechanical life.

Government jobs for Civil Engineers are very professional and more dignified than other sectors. If your ambition is Government job, you have to plan and prepare from college itself.

( We will analyse Teaching Profession in another Blog)

Entrepreneur

On the other side, Business world is bigger. The construction industry is an evergreen industry. It is

growing fast in India and the business opportunities are growing fast also. In the current scenario, starting a business is easier than searching a Job. But without gathering and understanding the business knowledge, you can't expect success. 

Management skill is mandatory.

Now majority Construction Industry entrepreneurs are nontechnical and they are doing successfully because of their management skills.. If  technical people with management skills start, they can do better than them.

The business growth is infinite compared to the job career. Particularly in Real estate industry, now Engineering Entrepreneurs are doing well. 

ENTREPRENEUR

EMPLOYEE

PROS More skills; More Income Do what you like - Freedom, you can go for innovation You will have your own rules Successful business yields huge income You have your own identity Flexible working Hours Brings sense of fulfillment Generate Employment opportunity for others- Contributing to Society You will have never wait for Holidays CONS Variable Income; Financial instability  Needs investments, loans for growth No guaranteed success  At busy times, you have to spend more time, face more stress Needs strong self-confidence and self-motivation   In Failures, you may lose Money, time spent           More Risk: More Effort : More Income ·

PROS Fixed Income: Assured Salary Job in Boss's hand but secured No Financial Risk Fewer  headaches or issues Limited skills enough based on your role Fixed working hours; More freetime to spend with family Less working hours No Failures; If your job is not satisfactory, you can change to another Lesser Responsibility            CONS Slow Growth; Sometimes no growth in career Stick to the Company rules: Obey seniors orders Wait for Holidays and weekends to celebrate  Retirement is there  Work within the limits; given resources; given subordinates                  Less Risk: Less Effort : Less Income