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1.2 APPLICATION OF EMPLOYED AND SELF EMPLOYED

29/7/2019

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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.
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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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    Ms. Savage

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