Being Self Employed Has Its Benefits
Being self-employed does have many benefits however it also requires many different skills including the ability to plan ahead and manage your own time. Working for yourself can also become a fantastic career choice as the effort you put in directly affects the results you see. Here are some of the top benefits of being self-employed:
Creative Freedom
When you work for an employer you can’t always work exactly as you’d like to. Even if they respect your opinions ultimately they have the final say. When you are self-employed however you have the total freedom to decide on your way of working.
A Better Work-Life Balance
Along with creative control over your business you also get to decide exactly how you want to operate which means you can work the hours you choose. For many people, this means that they can fit their work around other commitments and end up having a much healthier work life balance.
High Potential For Earning
Although your income is not guaranteed if you’re self-employed most hourly and day rates will be higher than you’d generally earn. Since you decide exactly how much time and effort to put into your business and you set your own prices you have the potential to make more money than you would working for an employer.
Better Job Satisfaction
If you’re self-employed, you set your own goals and are the only one responsible for working towards them. Achieving a self-imposed goal through hard work alone is very satisfying. Everything you put into your business has the potential to result in more earnings which means that working for yourself can be very rewarding.
You Can Work Where You Want
When you set up your business, you may choose to rent an office space to work in. However, many self-employed people choose to work from home which can help with improving your work life balance since you won’t have to spend time commuting. It will also reduce your overheads.
No Day Is The Same
In many jobs, you do the same things every day which many people find boring. One of the main benefits of being self-employed is that every day is different. You might work with numerous clients at once which means you get variety. You will also be involved in other areas of your business like advertising, marketing and maintaining accounting records.
You Have The Opportunity To Learn New Skills
Being self-employed isn’t just about the work that you do for your client. You also have to learn how to run a business which includes getting stuck into tasks such as accounting, marketing and networking. Unless you have run a business before, this can be an exciting opportunity to gain new skills and knowledge.
You Only Work With The People You Want To
If you’re self-employed, you work for yourself. However this doesn’t mean that you always will be working alone. Self-employed people spend time interacting with clients and may even have employees, colleagues and or partners. The advantage of being self-employed is that you can choose the people you work for and with.
Financial Advantages
If you’re self-employed, you may be eligible for certain financial benefits. For example, you can write off certain business – related expenses such as travel and a portion of your utility bills if you work from home. There are also grants available for those setting up new businesses.
You Can Turn Your Passion Into An Income
By becoming self-employed, you can earn money doing the things you already love. For example if you love words and spend time writing you may be able to find work as a freelance writer. If you’re interested in numbers, many small businesses employ freelance accounts people. Whatever your passion, look into whether there’s opportunities out there.
To finalise, to become self-employed you need passion and also a certain amount of business skills. You also need market knowledge, the ability to focus and above all self-belief in order to succeed.