1.2 APPLICATION OF EMPLOYED AND SELF EMPLOYED

In the last blog, we spoke of two terms - employed and self-employed.
​Now, let's put that understanding to test by reading this article about Dulip who is about to start his business.

From this article, we have seen that in order to start a business, it takes a lot of work and effort.
For example - Dulip would have to:

• get a bank loan, leaving him open to the possible risks of non-payment (in event business is a failure)
• use up his savings, leaving nothing left for his own use
• research and plan
• speak to people ie.  suppliers/vendors/potential customers
• employ people to work for him and with him
• consider the environment 

The list  goes on - so why do you think Dulip would want to start his own business rather than working for another firm/employer? Wouldn't it be easier to just work for an employer?

If you were Dulip, what would you do?

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