I'm gonna go against the norm and say that I would prefer being a paid employee.
Sure owning your own business is great since you will have absolute control on the business. Also most if not all decision making will be done mainly by you the owner. You also have the most freedom among your employees.
However, it carries such a huge responsibility that I personally am not prepared for right now. You need to take into consideration your employees too in every decision you make. You might even need to fire your close friends in order for your business to grow. Seperating personal emotions and business decisions is not exactly what I think I can do at my current state :)