Top 10 Reasons Why You Should Consider Self-Employment?

March 30, 20173:09 pm
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How long have you been in your current job? No matter how long you have built your career from the scratch in your current company, there might be some point of time in your life when you think of quitting and moving on. Amidst all the never-ending deadlines, political chaos and tight schedules, resigning from the corporate world and starting your own business, might sound like a great idea. Who doesn’t want to be their own boss?

While everyone dreams of this turning point in their life, to experience freedom and get started on their own, which is great in today’s globalised start-up economy promoting entrepreneurship development. Besides support from the government and financial institutions to promote growth of the startup culture, it is extremely important for you to primarily understand the advantages of going “self-employed” in the digitally connected times.

When you have been serving your employer for long as an employee in your career, the idea of self-employment might entice with fair share of fearful concerns, hence this come across as a double-edged sword.

On one side, you are quite excited and enthusiastic about being an entrepreneur and going self-employed, to exercise your sense of freedom in business decision-making, carve your niche and choose your own business path. Beyond this, you are not required to follow anyone’s order – the much-needed break from external chaos. You work hard and earn the rewards and recognition you rightly deserve. No corporate politics, coworker gossips or hierarchical structures to deal with, finally you are your own boss. You set your own targets, deadlines and goals to accomplish in a specific period of time. You are driven to succeed and excel inertly, your motivation will determine where you are lead for the future.

On the other hand, being self-employed also means you will have to bear all the responsibilities (the share of good and bad, to include losses and expenditures). You will also be required to dedicate longer working hours, to earn a sufficient sum to pay off your monthly bills, staff salaries if any, especially when everything doesn’t turn out as expected.

Just like every coin has two different sides, self-employment has its share of both advantages and disadvantages for those who choose this path of life. Nevertheless, despite all the challenges, fears and drawbacks of going self-employed, there are copious good reasons why you should join the bandwagon of successful entrepreneurs.

See: The Global Workforce Is Increasingly Mobile: Survey Finds

Here are ten good reasons why you should consider self-employment:

  1. Being your own boss. This might be the first good reason for someone to choose self-employment route to success. Being your own boss would mean you will not have to deal with difficult higher-ups, who dictate and tell you to do everything.
  2. Work from home. If you have some spare room in your home, you can transform the decor into a working space. Working from home means you will not have to worry about being late for work or get stuck in a traffic jam to commute to work everyday. Additionally, self-employment offers you the comfort and flexibility of managing both professional and personal obligations such as taking care of children and family needs.
  3. No more rush hour stress. Commuting to work and being stuck in the traffic for long, ends up consuming your productive man hours while draining you off energies, to get started for the day on a high note. Not to mention all the rush hour stress to reach office on time.
  4. Earn more, spend less. Working for yourself means you can manage your own salary. Even better, your income won’t get reduced by additional expenses, such as travel to work, health insurance, or even gas costs.
  5. Work wherever you want. Being self-employed gives you the privilege of choosing your own workspace. You don’t always have to stay at home. When you want some fresh air, you can work from your favourite cafe, local library, or even in the park.
  6. No more uniform. Say goodbye to uncomfortable business suits and stifling ties. Being able to work wherever you want, allows you the comfort of stepping out in denims and sneakers without being bothered about sticking to a formal dress code. You are only required to dress up in formal professional attire when meeting clients face-to-face. Apart from which, you are free to choose anything you are comfortable donning.
  7. Experience dynamic workflow. Now you can set your own working schedule, which means you don’t have to deal with routine and tedious agenda.
  8. Better work-life balance. If mountains of tasks are piled up, and this prevents you from joining a family gathering? Be rest assured. Self-employment will give you a better work-life balance, as you can manage your own schedule and workload more flexibly.
  9. Choose your own clients. When you are an employee, you are obliged to serve the type of clients/customers you particularly dislike, but those who continue to be patrons of your employer brand. Sometimes you are also required to deal with dissatisfied clients or customers, who tend to burden you with additional responsibilities beyond your job scope. However, when you decide to go self-employed, you can choose your own clients that suit your working style and preferences.
  10. No more drama. Some people find it easier to concentrate in solitude and silence. If you belong to this kind of personality type, then being self-employed is a great alternative. You don’t have to be distracted by co-worker drama or trivial gossips.

Read also: Millennial Careers Vision 2020: When Do they Expect to Retire?