10 Reasons Why You’re Better Off Being Self-Employed
If you’re an entrepreneur you have heard the million reasons not to go into business: It’s too risky, you might go into debt, you’ll probably lose sleep, your social life is kaput, and the list goes on. But even with all these uncertainties, people are still attracted to the startup world. There are just as many, if not more reasons to take the leap and go start your own business. Here are just a few:
1. You’re your own boss.
You knew this one was coming, didn’t you? It’s the one we all dreamed about when we realized self-employment was a viable option: being our own boss. Escaping the rat race and living life as we pleased. Remember that?
When you’re self-employed, you no longer have a “higher-up” governing your every move. You control how your work is done. Your client has a say in the final product, but that’s it — their power ends there. How you get from point A to point B is completely up to you and that is awesome.
2. You earn more money.
On average, frrelancers earn 45% more than those who are traditionally employed. They’re also allowed to deduct certain business expenses that employees are not, allowing to actually keep more of what they earn.
Feel like you’re not quite there yet? There’s no reason you can’t pull in just as much (or more!) money now than you did when you were traditionally employed.
3. You spend less.
When was the last time you were stuck in traffic on your way to work? If you perform your professional duties from a home office, it’s most likely been a very, very long time. (And, no, waiting in line for the bathroom for your morning shower doesn’t count).
Think of all the money on gas you’ve been saving.
Even if you work outside of your home, as someone who’s self-employed, you were able to choose the location. And I’d be willing to bet you chose somewhere that nixed the lengthy commute.
Child care expenses may also be a thing of the past for you. Along with expensive daily lunches “out” because of your distinct distrust of the office fridge.
4. You enjoy variety.
When you were an employee — whether you were crumbling away in a cubicle, restlessly working retail, or dying at the drive-thru — you were handed a manual or given some hasty instructions by your boss and then…that was it. You knew what you needed to know to perform your job, and there was never any reason to grow beyond that. Because your job never, ever changed.
As a freelancer, your job is changing constantly. You’re expected to continually adapt, learn, and update your skills. With every new client comes a new challenge.
When you’re self-employed, you’re forced to think — to be creative— and you love it, don’t you? (It’s okay to admit it. Go ahead. Take a second to say it out loud.). It’s a great feeling to know that your skills are being put to good use and that those skills are going to continue to grow as your business grows.
5. No co-worker drama.
Many of us work alone (or work remotely) and that isolation can be a bit daunting at times. But do you really, honestly, miss your co-workers? Even the one who listened to her music sans headphones? What about the guy who loved to talk (loudly) on his cell phone during his breaks…right next to you? Or how about the gem of a human being who shirked all of their cleaning duties on you?
Your favorite co-workers became your friends and are likely still a part of your life in that capacity. Everyone else? Good riddance!
6. Sick Day? A-OK!
A day we don’t work is a day we go without pay, but at least we can take that day off without having to beg for our boss’ forgiveness. Or feel the demeaning sting of having to prove how ill we were by providing a doctor’s note. Or fill out a stack of meaningless forms.
Of course, we have to buy our own health insurance. But even that isn’t so bad; at least we get to choose which insurance we use. Our health coverage is no longer left up to a head honcho choosing the cheapest package.
7. Your work area is truly yours.
Want dual monitors instead of one? Go ahead. Prefer a standing desk? Knock yourself out. And framed photos of your friends and family? The more the merrier!
Decoration regulations (try saying that ten times fast!) are a thing of the past. You can Feng Shui your work space to your heart’s content. So put up that poster you found online, get in the habit of watering your indoor fern, and finally buy that ergonomically correct chair!
Need some inspiration? Check out these pics of 60 jaw-dropping home office setups. Even if you already have a killer home office, improvements can always be made.
8. New equipment when you want/need it.
If you’ve ever worked in an office building, you’re well aware of the frustrations that come along with the I-need-something hierarchy. Whether you need a new pack of pens, staples, or laptop repair, as an employee you would have to ask someone for the equipment you needed. And then they would ask someone else, who would ask someone else, who would ask someone else. It could take anywhere from a few hours to a few weeks to get the equipment or maintenance you needed in order to complete your project.
Need something now that you’re a freelancer? Go to the store and get it. Get back to work. The end.
9. No uniforms.
Being self-employed is a bit like being Phil Collins: No Jacket Required.
Also, no tie required. No neon polyester t-shirt. No two-toned logo-covered baseball cap.
Unless you’re meeting with a client in person — or via video chat — you can wear (or not wear) whatever you darn well please. It might be a cliche to freelance in the buff, but it’s definitely an option.
10. You set your own schedule.
Whether you crave the steady familiarity of a fixed schedule, or you long to mix it up with hours that are more flexible; as your own boss, you’re the one who creates your schedule.
If you’re not a morning person, you can rest easy knowing that you no longer have to set your alarms in triplicate in order to just barely make your morning meeting. Or, if early’s your style, you can set your hours for the dawn and have a full day’s work done before your kids get up for school.
