Many people who want to start their own business find it scary to think about giving up their regular job and steady income. In fact, the fear of being self-employed kills a lot of great, money-making ideas. Yes, being self-employed does have its problems, and not everyone has what it takes to build a successful business. But if you think you have a great idea and are resilient, determined, and creative, being self-employed could give you a lifestyle you could never have as an employee. Here is a list of the best reasons to get out of your comfort zone and start your own business.
You Are In Control
Many business owners are the sort of people who enjoy being in charge and making choices, so this is the first thing to consider – do you enjoy that? Would it work for you? Would you love the opportunity to try out new things, to be adventurous, perhaps even to travel by choosing one of the many TEFL jobs available?
If it would, you’ll find you have the power to make choices that will impact your family’s present and future as a self-employed business owner. Your personal actions will determine your future, no one else’s. This is very different from being an employee, as in that case, your income and even job security are really down to someone else. That can be stressful for some people.
When you are self-employed, you can also choose your own hours. If you work for yourself, you can choose when you work. You don’t have to start at a certain time, you can start whenever you want. Even though this gives the self-employed entrepreneur the flexibility they want, they need to be disciplined to run a successful business. Work and family life can be hard to balance, but if you own your own business, you can take a break when you need to. As long as you are realistic and don’t give yourself too many vacations, a well-run business gives you many lifestyle benefits that you don’t get as an employee.
You Can Earn More And Spend Less
Freelancers earn, on average, 45 percent more than people who work for a company. They can also deduct some business costs that employees can’t, which lets them keep more of what they make. There’s no reason why you can’t make as much (or more) money now as you did when you had a regular job. Of course, it’s important to note that this additional earning power is not guaranteed, especially at the beginning. That’s why it can be useful to look into free money offers to boost your income, either in the early days of being self-employed or as a top-up in leaner months.
On top of that, you can spend less. When was the last time you were late to work because of traffic? If you work from home, it’s probably been a very, very long time. Think about how much money you’ve saved on gas in all that time, not to mention the additional hours you gained that you could then work and make money in.
As a self-employed person, you can choose to work from home or at least closer to home if that works out better for you. You might also be able to stop spending on childcare costs, and lunches out won’t have to be in your budget either because you can eat at home (or you’ll have time to prepare a packed lunch because you’re not stuck in traffic).
Make Money While Pursuing Your Passion
We spend a lot of time at work, so if you’re doing something that doesn’t make you happy, it can be very hard to deal with. Over time, this can lead to problems with your mental health, such as burnout. But if you have a hobby or a strong interest in something you can turn into a business, this can make your work hours more fun.
Many people have to fit their hobbies and interests into the few free hours they have, which means they often don’t have enough time to really do the things that interest them. If you can make money from your hobbies, you’ll be much happier at work, and any problems you have to deal with will be worth it. By combining your work with things you like to do, each day will be fun and interesting instead of a chore. This is only really something you can do when you are self-employed and have the freedom to choose what kind of work you do.
You’ll Try New Things
When you work for yourself, you can learn about everything that goes into running a successful business, such as marketing, data analysis, finances, and talking to clients.
If you like to do different things every day instead of the same thing every day, this part of running a business will definitely appeal to you and make being your own boss fun and rewarding. By trying all these new things, you will also be able to learn new business skills that will be important to your future success.