| Employ Yourself: Choosing a College Course |
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There is the usual effort to distinguish between an entrepreneur and an employee, although the line is sometimes blurred. Some say an entrepreneur is a risk-taker. Others say that employees are resource-oriented, while entrepreneurs are opportunity-oriented, as we previously discussed. Still, a Chief Executive Officer (CEO) or General Manager could be considered to have the traits of an entrepreneur, blazing the path of the company that he/she is managing, but it may happen that the CEO/CM does not own any shares in the company. Also, an entrepreneur may also be an employee of his own business. The Pinoy Entrepreneur is self-employed (though it's always prudent to be mindful of the entrepreneurial myth).
The new academic year is about to start this June. Some may have already enrolled, although some may still be wrapping up their vacation. Some may even have no idea up to this point on what degree or course to take up in college. Some may consider college courses for high-demand jobs, like nurses, caregivers and call center agents. These are courses inclined towards employment, in my opinion, and not for self-employment based on the degree or license received. It's interesting to note that based on the January 2008 figures, 36% of the national work force is classified as "own account," consisting of the self-employed (32.3) and employer (3.8%). There's nothing wrong in seeking employment, preparing one's resume and honing the basic skills for a successful job interview. As previously noted, one possible route for entrepreneurs is to work for a company -- to earn sufficient capital, to learn the tricks of the trade (almost all successful entrepreneurs will tell you that one secret for entrepreneurial success is to gain more knowledge or information on the business you're planning to go into) and to get exposed to the right crowd (sometimes, it's not what you know, but who you know). Still, it's always wise to be flexible, and if you could proceed to pursue a business or self-employment with the academic course you've taken, well and good. Education is a good investment, although the official figures may not be consistent with that. Based on the 2003 figures from the National Statistics Office (NSO), the No. 1 reason for not getting an education is "employment/looking for work" (30.5%), followed by "lack of personal interest" (22%) and "high cost of education" (19.9). In other words, the biggest portion would rather look for a job than getting an education. Robert Kiyosaki, of course, spoke in his book "Rich Dad, Poor Dad" about the danger of pursuing education primarily for employment purposes. Let's have a poll -- which among the following courses is better for self-employment? (If there are other courses that are best for self-employment, you could let us know through the comment section below.)
However, there's no guarantee -- you could take up the best degree or course (in the best school, college or university) as far as you're concerned, and end up nowhere. On the other hand, there are so many out there who've found their place under the sun, with a business or work entirely different from their college courses. I have a friend who is a graduate of Psychology from one of the country's top universities, yet she is earning a lot as a wedding coordinator (well, come to think of it, a psychologist would be perfect to deal with bride-zillas). There are so many graduates of non-business courses that are running their own businesses. In the end, it's all about discovering which field you're good at, which one you enjoy the most and which one gives you sufficient financial returns.
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Newer posts:
- Direct Liability of Entrepreneurs for Acts of Employees (30/06/2008)
- Non-involvement clause: Prohibiting employees from working for a competing business (16/06/2008)
Older posts:
- Business Sense: Prohibiting Married Couples in the Company (07/05/2008)
- February 25 (EDSA People Power Anniversary) is a non-working holiday (updated) (16/02/2008)
- National Regular and Special Holidays for 2008 in the Philippines (10/01/2008)
- December 24 is a Special Non-Working Holiday (18/12/2007)
- Sex and the Office (01/12/2007)

