Ten Positives About Being Self Employed
An extension to my post a few weeks ago on my ten negatives about being self employed, I thought I’d switch it up and share ten of my positives. Like I mentioned in the previous post, being self employed is never smooth sailing and is a daily emotional rollercoaster but for me there is definitely a healthy balance of both but the majority of the time the the positives do outweigh the negatives.
According to the Office for National Statistics, in 2017, 4.8 million people in the UK are self employed, choosing to be their own boss. This has risen from 3.3 million in 2001. The ‘gig economy’ (a phrase increasingly in use) is on the rise and perfectly describes the flexibility and numerous freelance ‘gigs’ that are available as opposed to permanent jobs. Leaving behind the stability and familiarity of a regular job with a reliable wage at the end of every month is scary. There is no denying being self employed has it’s challenges, but if you are persistent and determined, being self employed offers a potential lifestyle you’ll never realise as an employee. Self employment can offer you so much as a professional and as an individual and if going self employed is potentially on the horizon for you, weighing up the pros and cons before you take the plunge will certainly give you more of an indication of whether it is for you. It’s a dream which is possible to make a reality if you do it right. Here are my top ten positives of stepping outside of your comfort zone and going self employment —
- Work Remotely — all you need is data/wifi and a phone/laptop. You can work from anywhere you like whether it be a co-working space in the city, a beach in Bali or in bed in your pjs. The last year the power of technology has allowed me to visit so many incredible places whilst also being able to work. You can become a digital nomad by working and travelling at the same time
- Be Your Own Boss — you are responsible for when, where and how to work in order to get the job done. This freedom is probably the most attractive advantage of self employment. Every decision is yours
- Follow Your Passion — You do you. Do what you feel is best for you and what you are most passionate about. Perform the tasks that are more fulfilling and that you believe best utilise your strengths. The genuine joy and happiness you get from doing something you love everyday is something you can never put a price on
- Flexibility of Hours — whether you’re an early bird or a night owl. Starting and finishing work whenever you want and scheduling your work perfectly around your life is one of the biggest benefits of being self employed. Take that extra hour of sleep, finish earlier in the day because you were up early or take that day off to go away for the weekend… it’s completely up to you. As long as the work gets done on time, that’s all that matters
- Sense of Pride — growing your own business is often more satisfying than helping another company grow. Sometimes its the little milestones that mean the most, it means you can look back at how far you’ve come and know that you’ve done that by yourself
- No Two Days Are Ever The Same — it’s never a dull day being self employed. As I’ve mentioned before, it’s a rollercoaster and you’ll get to live a varied life. Being in control of so many decisions including your hours, your location, what you work on makes each day exciting
- The Potential To Earn More Money — in many lines of work, your hourly rate is going to be higher than it would be in a full time job. Your client will only pay you for the time it takes you to do the tasks with no annual leave, pensions or sick pay to be responsible for. You can start with the basic charges and slowly raise your rates based on experience and positive reviews you receive for your work
- More Productive — according to studies, working from home improves employee work performance by 13%, lowers stress and boosts morale. You’ll be able to approach projects at your own pace and work when best suits you and your productivity levels
- You Choose — being self employed means that you are not forced to deal with frustrating clients and even frustrating co-workers. You have the power to decide who you associate yourself and your business with and have the choice to make the decisions that will shape the present and future for yourself and your family. Your destiny is in your own hands and you aren’t relying on anyone else (I know that sounds scary, but think about how powerful that is)
- Stay Curious — with your freedom and independence to be your own boss you have the power to do anything. Use your time to do an online course at home, go to galleries museums or whatever inspires or educates you. Go to meet ups, meet people who u would ordinarily never meet and use this extra freedom to continuously get out of your comfort zone and do things you’ve always wanted to do but haven’t had the time
I hope this has helped if anyone reading is potentially in the transition stage wondering whether they should take the plunge or not. Really weigh up the pros and cons, and if the jump is too big at the moment… give yourself a side hustle!