1. You can choose what kind of work you do
While some people know exactly what they want to do and work towards achieving that – by studying to get qualifications, by tenaciously pursuing only work in that field, by networking with other people already in their chosen field of work – for many it's a question of What's available and what you can make a living doing. Market forces and what you're 'qualified' to do, often have more bearing than what you really want!
A JOB then becomes just a way of creating income so you can spend the reminder of your time doing the things you enjoy doing, and this applies whatever age you are.
2. You can do only the things you enjoy.
If you work for yourself, you can ensure you do only those things you enjoy doing. Let's say you have a hobby or interest that would translate into a business, would not that be a great thing to do?
Perhaps you'd like to get into a particular field but do not meet the requirements as defined by prospective employers. (You may not have a degree but loads of experience instead. The employee requires a degree – albeit not necessarily with experience – so if you work for yourself! – you call the shots!
3. You can choose the people you work with
You spend such a large proportion of your time working, that being with people whose company you like is very important. Unfortunately, in a JOB you do not get to choose your collections, so you can end up spending all day with people you do not particularly like – even people who actually drive you mad!
If you have your own business you can choose who you work with and ensure they're people 'like you' – holding the same values, finding the same things important in life etc.
4. You can choose the hours you work
You will not have to ask for time off – if it's convenient – and you will not be limited to the amount of holidays set by an employer.
Even if you work longer hours than in a JOB, at least it will be you that benefits, not an employer! Later on when you're established, you should be able to pick and choose when you take time off, for a holiday or just for a day.
Generally, the working hours determined by an employer will be set within certain parameters (eg start at 9am and finish at 5.30pm) In your own business you can choose to work from 8am and finish at 3pm if you wish, work some mornings and evenings So you can take the whole afternoon off, work at weekends and take time off mid-week – the combinations are endless.
5. You can create residual income
That means you can earn money even when you're NOT working!
In a job you work for a week or a month and at the end of that period, you get paid. If you do not work, you do not get paid (other than sickness benefits.)
In working for yourself, in the right kind of business, you can get paid for work you did six months ago, a year ago, even five years ago … Think about a singer or an author who is paid royalties. They do the job once (record a song or publish a book) then each time it's played or sold, they get paid. Every morning they wake up there's more money in their account and they did not lift a finger for it.
If you run a business where the product or service is recurring, the same principal applies:
Let's say you sell a health product to a customer. By its nature it's likely to be something that is not just taken for a month – the order will be repeated – probably on a monthly basis. If you provide services such as life-coaching or have a membership site, your fees will also come in month after month.
So, by recruiting a customer or client you've created residual income, since they will re-order regularly without you having to do anything else. And if you have a worldwide internet business you may also earn that money while you're sleeping!
6. You keep the profits you make – rather than it goes to the company
If you're used to working hard, working long hours, maybe working overtime, while you're happy to receive overtime payments, you may not get paid for the 'over and above' work you do and the effort you put in. Either way, the company is surely the winner since all the profits made through your efforts amount to far, far, more than the bonuses, overtime etc. They pay to you and other employees.
If you're going to work that hard, why not do it for yourself and reap all the benefits?
7. You can create your own freedom
While money is certainly an important factor in most peoples' lives, it is not usually the money for its own sake but what the money can do that is most important.
Ask people what they want and they will probably say more time to spend with the family, pursuing leisure interests, purchase a nice home and car, and have great family holidays etc.
Working for yourself can provide these things. Okay, they will not probably come in the early stages since you will need to work to build up your business. But at least there will come a point when the business is set up and running adequately well that you can take time off to do the things you want to do.
Freedom to do as you choose – that's what makes running your own business and being your own boss such a worth deal.
Want to know what the alternative is? Read my article – '7 Reasons You Should NOT Get a JOB.'
Work From Home by admin