Own Business or Employee?

Own Business or Employee? Answers May Vary

Own Business or Employee? You might have asked yourself this question before. Also, friends, family members, colleagues etc usually ask each other this question. Definitely, answers may vary, even for the same person due to changes in preferences, experiences and environment. However, the Arab society in general, and the Yemeni in specific, broadly prefer to start new businesses and become entrepreneurs due to the restrictions and problems associated with normal routine employment. On the other hand, they do have some fears, difficulties & problems. In this session, we made a short field visit to the Academic British Institute (ABI) in Sana’a, Yemen to get an insight on the perception of some young Yemeni people towards entrepreneurship. We randomly interviewed some of them, asking whether they had preferred to become business people or employees. This session highlights two responses from two different persons, a gentleman and a lady. Both expressed their preference to become entrepreneurs, but expressed some fears such as the risk involved and the problematic (war) situation in Yemen.

This field visit is provided to you via your channel “Management with Merits – Manage to Prosper”, where we launch a new service within our great portfolio, which is “Field Visits”. These visits aim to gain an overview on how people think of, feel about and perceive various managerial and leadership issues that the channel discusses, which enhances the channel’s strategy & values, especially involvement, in order to practically reflect our slogan “Manage to Prosper”. Thus, we conduct several field visits to various venues, including businesses, to observe how things work, inquire about problems and opinions and involve the society in our content. Given that we finished the 2nd book in the channel “Entrepreneurship 2016” at our last session, our 1st field visit in this session asked the respondents about their preference and opinions about establishing their own businesses. Besides, we made enjoyable short contents by asking the respondents simple short questions about entrepreneurship concepts and topics discussed within the book in our previous sessions. The session and interviews took place at the Academic British Institute (ABI) in Sana’a, Yemen. In fact, we visited this place before in a previous session when we launched the service of “Meetings with Managers & Leaders” and consequently made our first managerial interview with Mr. Faisal Al-Dawli, the manager of the institute. To know more about ABI, kindly go to their official Facebook page from here. Also, to access the Arabic (full) version of this session, kindly go to the Arabic post of it.

We asked the question of ( Own Business or Employee? ) to the community of the Academic British Institute in Sana'a, Yemen
The Academic British Institute (ABI), Sana’a
These two persons expressed their preference of the 1st choice in the question of Own Business or Employee?
Mr. Mohammed Al-Mikhlafi (left) and Ms. Hadeel Al-Dabyani (right) were interviewed

Own Business or Employee? The 1st Option, But It’s Risky

One the fears about entrepreneurship is that it is risky. Well, it’s true that normal employment and salary status are less risky than establishing new businesses. However, we stated before in the “Entrepreneurship Decision” session that entrepreneurs have several drivers and motives to become entrepreneurs; one of which is gaining more freedom and promoting their creativity. Besides, we stated that entrepreneurs are not “gamblers” who take huge risks. They are moderate risk-takers who understand the risk of starting new business, but take responsible measures to lower this risk, such as utilizing effective opportunities and making feasibility analyses. Certainly, understanding and carefully following the entrepreneurial process that we completely discussed at Entrepreneurship Book 2016 sessions ensure extreme comfort and confidence to go smoothly with launching and running new businesses.

Understanding & following the entrepreneurial process can comfortably take you to the 1st choice in the question of Own Business or Employee?
The Entrepreneurial Process
Source: Barringer, R.B. & Ireland, R. D. (2016). Entrepreneurship, Successfully Launching New Ventures. (5th edn.). U.S.A.: Pearson

Own Business or Employee? War Conditions Prevent the 1st Option

Another fear is that the war conditions in Yemen prevent people from starting new businesses. Actually, we stated before at our “Opportunities and Ideas” session that despite the severity of the Yemeni war, it opened several opportunities to entrepreneurs which can be utilized by effective ideas. An example is the current popularity of solar power businesses due to the lack of electricity, caused by war conditions.

Role of the Channel’s Content:

To conclude, such field visits help us to know how people think about management, leadership and entrepreneurship. This session proved that the content that we produce helps solve various common problems and fears towards entrepreneurship, and thus assists people to achieve their dreams and goals to become entrepreneurs. This truly reflects our core mission and slogan “Manage to Prosper”.

That was our session for today. Thank you so much for watching and following us. We would like to express our sincere thanks and appreciation to the Academic British Institute for their cooperation, especially the manager “Mr. Faisal Al-Dawli”. Next session, we will start the 3rd book in the channel “Organizational Theory, Design & Change, 2013, 7th Edition”, which has been introduced before in a previous video.

الكتاب القادم بالقناة هو نظرية المنظمات، التصميم و التغيير التنظيمي 2013.
كتاب نظرية المنظمات، التصميم و التغيير التنظيمي 2013، الكتاب الثالث بالقناة

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