The job market is not good now, to say the least, so if you've been entertaining the idea of working for yourself, you are not alone. This endeavor can be a scary thing, though, so you will want to be as prepared as you can by considering the positives and negatives of working for yourself. If you are smart with your money and your time, you will be able to get your business off the ground in no time, and you will not have to deal with those pesky bosses anymore, either.
The number one positive reason to work for yourself is that you get to control your income. If your business is taking in more money, you get paid more or you can pay your employees more. If you are taking in less money, you can adjust your expenses accordingly. In a world with such a shaky job market, this can be a very powerful thing. Another reason to consider is that you get to make your own hours. If you're the boss, you get to decide when to go in and when to stop working. When you are working for yourself, you also get to choose whom to work for.
If you are a freelance writer or an accountant, for example, you can choose which jobs you take on and which you do not. If you know someone is particularly difficult to work with, and they make your life difficult, you can choose not to work for them. You also do not have to deal with annoying coworkers. You get to decide who works for you, if you have employees at all, so you get to choose with whom you surround yourself.
As much as you'd like to make your own hours, and you will be able to eventually, when you first start your business, there is going to be a lot of work to do, and you probably will not be able to take off much time at first. In fact, you might have to work extremely long hours to get the job done, so to speak. Furthermore, if you are working on a freelance basis, when you are choosing whom to work for, you do have a choice, but you also need to go where the money is. If you need the money, you may be forced to work for a particularly difficult client for sometime to be successful. You also may be put in a situation where you are totally isolated. This can be troublesome to someone who is used to being surrounded by people, so make sure you find time for socialization of some sort.
Tips for Success
Motivation is the key to success in any business, whether you are working for yourself or for someone else. If you have trouble staying motivated, find some way to do so. The beginning of your new business will be tough, to say the least, and you will need to find a way to stay motivated through all that, or else you may find yourself wanting to give up. Building routines into your day will help immensely. Having your own workspace will also help you to stay focused. It is very difficult to work from home because there are so many distractions, so you might want to have a room or a desk that is just for work.
Separating yourself from distractions physically can go a long way towards separating yourself mentally, and it can make all the difference between being productive and not. Finally, you should make a business plan of some sorts, or at least have some goals and benchmarks. Write these things down, as well. Having clear, attainable, written goals will help you to meet your goals quicker than you would if you have vague goals in your head.