People dream of working for themselves for good reason. There are a lot of perks associated with being self employed, whether it’s through a freelance career or starting a more traditional brick and mortar small business.
If you’ve been thinking about starting a business of your own, here are some of the benefits of self employment. In our next post, we’ll look at some of the downsides that you should also consider when deciding if entrepreneurship is really right for you.
Benefits of Working for Yourself
- To at least some degree, the self employed can set their own hours.
- There’s often more freedom in taking vacation time or sick time, as long as arrangements are made (depending on the type of business and client needs).
- The self employed can often avoid getting stuck in rush hour traffic, by either working at home, or adapting their commute time to a different schedule.
- Entrepreneurs don’t have to directly answer to a boss or supervisor (although they might have to answer to investors in some cases, and you always have to keep customers and clients happy).
- Business owners and freelancers have a direct impact on the success or failure of the business, and how much income they make.
- Entrepreneurs get to make the rules, rather than following someone else’s.
- The self employed essentially have an unlimited earning potential rather than a set salary, all dependent on the work they put in.
- Entrepreneurs have the opportunity to be trailblazers in their industry.
- The self-employed (other than freelancers or service providers looking for clients) don’t have to worry about actually searching for a job.
- Entrepreneurs can decide on their own benefits, depending on what they’re willing to pay.
- Business owners and freelancers get to create their own work environment that’s as comfortable for them as possible.
Are any of these things reasons you personally want to be self employed? What other reasons do you have for wanting to start a small business and become an entrepreneur? Tell us about your motivation in the comments below.
Note: This post was originally published on April 26, 2007 and was updated and republished on its currently-listed publication date.