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| To be | 83% | 1075 votes | Total: 1301 votes | |
| Not to be | 17% | 226 votes |
To be
Created on: May 21, 2008
Many people dream of being self-employed. They dream of the fact of not having a "boss" to answer to. This situation seems appealing to many, but you really need to do your homework before you jump into the world of self-employment.
I have been living in this ever growing world of self-employment for ten years now. Let me tell you, it is not always as pretty as it may seem.
There are many factors involved when making this decision. You will need to decide what you would like to do. There are many options for you.
1. Independent Contractor.
You can be an independent contractor for a company, which means, you are not their employee but a contractor that they hire to complete projects on an ongoing basis.
This is a great option if you do not want to have to advertise your services on your own. You can simply apply to companies that hire contractors. Since workloads may vary by company to company, you can work for several different companies at the same time. Just be sure not to overbook your time. Most companies have strict deadlines to have the work completed and in order to get on-going assignments from the same company, you will need to demonstrate that you can meet their deadlines and submit exceptional work.
2. Freelance
As a freelancer, you will work to secure your own contracts from companies needing your services.
This is more difficult because, not only will you need time to complete assignments within a specific time period, but you will also need to make time to market your services.
Also, with freelancing, their may be times when you do not have any assignments, therefore, no income will be coming in.
If you choose to be a freelancer, make sure you have the finances readily available to you for periods when you do not have an incoming income.
3. Start a business
Starting your own business is also an option. This option will usually require start-up seed money. The amount needed will depend on what type of business you decide to start.
Businesses can range from quite simple, such as, a word processing service, to as complex as purchasing a franchise. It really depends on your skills and interests.
Once you decided which route you plan to take, you are not finished yet! You will need to check with your local tax office to complete any required paperwork for the appropriate taxes you will need to pay, as well as any licenses you may need in order to be complying with your local laws. Laws can vary from state to state and city to city, so you will need to find out the proper procedures for your area.
I enjoy being self-employed and would recommend it to anyone who wishes or needs to have a more flexible schedule, but don't take the jump blindfolded. You do need to do the research first to avoid major problems later.
Learn more about this author, Jennifer Moll.
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Not to be
Created on: September 19, 2009 Last Updated: September 28, 2009
The decision to be or not to be self-employed should not be taken lightly or made in haste. Be aware of the advantages and disadvantages on each side. Before deciding to 'be your own boss', think about what that means. You make all of the decisions and do all of the work as well as taking every drop of credit and pocketing every cent of income. However, I've seen the boss's job and I don't want it.
Several years ago I was the owner of a small clerical business operated out of my home in a small community. I was self-employed as well as wife and mother, taking care of my family. In trying not to allow one to interfere with the other, personal and professional lives were affected. The more I focused on business, the more my family was neglected. But if I concentrated on family, business suffered. In the end, both suffered and the trade-off wasn't worth the effort. As the boss and sole employee, I was responsible for everything. Unless you can wear many hats and are a jack of all trades, thus master of none, no one person is capable of doing everything. And to make your work profitable, you have to do it all.
In addition to marketing, to attract clients, I did the work for those clients, my own bookkeeping and records, advertising, etc. A lot of legwork and expense went into attracting clients. Advertising and marketing carry prohibitive costs so I was unable to use radio and television. I had business cards created. The local printer offered a good special on first time orders. I peddled these cards, leaving them on public bulletin boards, car windshields in parking lots, and even did presentations to local writers, which made me extremely nervous as I'm not a public speaker. I forced myself to endure that discomfort in hopes of a decent supplemental income. Business cards and flyers listing my services littered every bulletin board in the area. Those services included resumes, correspondence, typing/editing documents, record keeping, and bookkeeping. I did a lot of resumes and letters, as well as my own office management, which entailed all of the above.
I believed being my own boss would allow me a lot more free time for my greatest passion, writing fiction. Business, however, only took up more of my time for little return. The stress level skyrocketed and I stopped writing, thus abandoning one goal. The business took over as I scrambled for more clients. In the end, relocating to another city due to my former husband's job was a blessing in disguise.
At first I stressed over whether or not I could continue doing business from such a distance but I knew we needed more income than my husband's paycheck alone and the little provided by my work was not enough. After acquiring a job, it soon became obvious I preferred not to be the boss. No headaches, stress, or worries and the income was sufficient to help meet the daily needs of living. I admit I liked the security of a steady income.
Yes, as a published novelist and freelance writer, some would consider me self-employed but it is not something I do solely to earn a living. I simply indulge in my favorite activity and earn money for it. I require a job to earn a living and prefer the stress-free environment where the boss deals with headaches and hassles. From my own experience, I chose not to be self-employed.
Learn more about this author, Patricia Oshier Franks.
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