8 Key Advantages of Being Self-Employed

1. You’re Independent

How many times have you had to seek approval from your supervisor and your supervisor’s supervisor? How much do you loathe the idea of having your innovative ideas being shot down because the company lacks the vision? How often do you feel tied down and that you’re wasting your talents?

This does not happen when you’re self-employed. In fact, it’s quite the opposite, particularly if you have the characteristics of your typical entrepreneur. Since you’re using your own capital – financial, human and otherwise – you’re far more independent to make your choices, utilize your own concepts and employ the appropriate measures to sell your product or service. In other words, you’re accountable to nobody except yourself and your customers. And that’s a wonderful feeling.

2. You Enjoy More Flexibility

Surveys repeatedly find that workers would appreciate having more flexibility in their schedules. This could consist of arriving to work an hour late, leaving the office an hour early or finishing projects at home or on the road.

Despite mobile technology, cloud computing, and the endless opportunities to work remotely, most people are still chained to their cubicles. To this date, you’re required to work the standard business days and hours, even if you feel that you could get all your work done in the morning – or during non-business times. It can be frustrating at times.

3. You’re Happier

The corporate world can eat away at your soul day by day, year by year. At first, you’re a starry-eyed kid with the aims of changing the world. By the end, you’re planning your escape with a bitter and cynical attitude. You’re not the person you once were. This is no way to live.

However, you will discover your old self once you embark upon the self-employment journey.

4. You Make Money for Yourself

Sure, you may be earning $15, $20 or $25 per hour in your current job, but you realize that you’re still making the company a lot of money for the work you do. In fact, if you had your own business, you could triple what you earn in an hour. A lot of employees get perturbed by the fact that they’re generating profits for someone else while they get peanuts.

5. You Skip Workplace Drama

We’re all supposed to be adults, but we sometimes act like teenagers at the office. From gossiping to bullying to romance, there are so many things that make the workplace seem like a high school rather than a location to earn a paycheque.

When you’re working for yourself, you no longer need to deal with workplace drama. You don’t need to hear Sally complain about Harry. You don’t need to pick sides in the Jack-John spat. You don’t need to worry about which side of the bed your supervisor woke up on – the good or the bad.

6. You Save Money

Believe it or not, but we spend a lot of money just to work: transportation, clothing, food and everything else in between. It seems like we’re doling out a great chunk of our paycheque to sustain our careers.

It is different when you’re self-employed, especially if you’re working from home. You don’t need to spend your hard-earned cash on transportation, dry cleaning, lunches or anything else that is essential if you’re employed at an office.

7. You Enjoy Tax Opportunities

In today’s economy, governments are encouraging constituents to become entrepreneurs. Politicians and bureaucrats want the citizenry to open businesses and hire employees. They want individuals to innovate and invent. The key difficulty is facilitating this behavior, which can be solved through taxes.

That’s right. If you’re starting your own business, then there are a plethora of opportunities to come to Tax Day. You can get free money for being an entrepreneur, whether it is in the form of deductions or credits.

8. You Feel Self-Fulfilled

A great thing about entrepreneurship is that you’re testing your limits, acumen, and skills. Your financial future depends on your hard work, dedication, and ingenuity, not on your employer. You’re like Robinson Crusoe but in the corporate world.


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