Going out on your own requires a broader skill set than maintaining a a normal job. What Does it Take to Work for Yourself: You are the boss, which means that you and you alone are responsible for every aspect of the operation. You’ll have to take care of everything, from finding the customers to do the work of collecting payment.
You’ll have to do tasks that may not be interesting to you and, in fact, may be tasks that you will have to learning to do. Some of these tasks also fall directly into the “unbillable”
category of hours, which means you’ll have to spend time on work you’re not paid for
An example would be starting a cookie baking business – you could loves baking cookies, but you’ll also have to take care of the packaging, the transport, permit applications and customer service. The acquisition of these skills can be beneficial but it may not be the most exciting part of your job. However, honestly, is probably still better than flipping burgers for four hours a day.
What Does it Take to Work for Yourself?
To decide if self-employment is for you, it’s best to start by weighing the pros and cons.
and the cons. Ironically, some of the advantages are also some of the disadvantages,
and it really depends on your personality and work style whether you can handle the
the rigors of working for yourself. You won’t have watches to punch and you won’t have bosses to respond.
It also means there are no clocks to punch and no bosses to answer to.
a. Without your own motivation, you won’t succeed as a freelancer. You must be an initiative of its own because without a fixed schedule or someone to answer to, you’re the only one who can “make” you work. The pros and cons also depend about the kind of work you decide to do that is useful to consider at the outset.
Advantages – Work for Yourself:
In this economy, one of the biggest advantages of working for yourself is simply that. You don’t have to depend on others for employment or adequate wages. You control your own destiny – and can make as much money as you are willing to work for. Compared to regular teenage jobs like those at fast food chains.They also acquire a broad set of skills that translate well in college and beyond. Other general advantages you’ll get when you’re the boss:
Flexibility: You will be able to set your own schedule to work around your studies and extra activities. You can take as many days off as you want, if you don’t want to work holidays or weekend nights, you don’t have to.
Interest: You can look for jobs that fit your interests instead of putting on time on an entry-level job.
Finance: Once things are up and running, you’ll most likely more than the minimum wages offered in most part-time jobs.
Skills development: If you choose a field that interests you, your work time also becomes time spent perfecting those skills. As your skills improve, you can add more to your offers and potentially increase their prices. You will also develop the additional skills needed to manage your business.
Mentor Building: You can work alongside more experienced mentors and learn from them as you go along. Look for the people who are good at what they do it and become his assistant.
Reference and resume building: A successful company looks good in a college application, and you can build a strong reference collection of their customers. Keep a journal of your work history, and document everything, including positive feedback or problems you’ve solved.
Potential: You can build an operation that could go to college with you or potentially become a whole business.
Pride and success: Knowing you’ve done something so great in yours is a big boost to self-esteem and a big step towards adulthood.
Disadvantages- Work for yourself
Working in any workplace is a great way to develop the skills you need for the rest of the year.
Your working life: In a job, you learn how to follow detailed instructions on how create a schedule and arrive on time, deal with people and solve problems, and become a Working environment. A regular job also offers you the added bonus of learning from a more experienced mentor. The lack of mentors and this targeted learning are the biggest disadvantages of working for yourself. The search for mentors or If you ask your parents to guide you, you can alleviate this. Chapter 11 covers the search for and working with mentors.
As mentioned above, many of the disadvantages can also be advantages for To help you learn, grow and become a better businessman. This is important, however, you need to understand what you are enrolling in before you become self-employed.
Some of these mutual disadvantages are:
Creating a work history: Listing the self-employed on a resume is often a red flag for employers because they have no possibility to check this Your work so far. Ask each client for references, keep a detailed journal about your work and consider it CVs and future references.
Motivation. Without a fixed schedule and required hours, it is easy hesitate and postpone the work. You must be independent, ready plan ahead and be motivated to stick to your plan.
The finances. You could make more money, but you won’t have a regular payday and have to be paid by your customers – some of whom could avoid payment. You also need to be more disciplined with your Money and bank a little away to bridge dry spells between payments customers.
Non-interesting activities. You may have to step out of your comfort zone Zone to reach your destination. For example, you might love to make funky earrings, but in order to sell them, you may have to make some unannounced calls or deal with the public face-to-face. These will be character building activities – if you are willing to do the not funny things to make your dream.
Taxes. In a regular job, the employer collects taxes before you Your paycheck. Self-employed persons must record, file and submit payroll taxes on its own. Taxes and legal issues are dealt with in
Legal issues. As with taxes, all legal aspects related to the job you have chosen, such as permits, are your responsibilities to understand and acquire. You also accept all risks if something goes wrong, such as data loss when working with a computer.
Time commitment. As already mentioned, you have non-billable hours that may take time to get over. Besides, if you really enjoy what If you do this, you may be spending too much time in the effort. This would be great for business, but not so good for the priorities we talked about before.
Stress: Working for yourself can be more stressful than a normal job.
because you know that everything rests on your shoulders, and if you fail,
They don’t make money.