Newest Review: ... frustrated by management decisions, and genuinely find yourself wanting to set the direction, then self employment might suit you. It is ... more
Creative and challenging by turns
Member Name: ecolojo
Advantages: Can set your own work direction
Disadvantages: Can be lonely and discouraging
I've been self-employed for the last two years, following ten years of employment as an engineer. I really enjoy the challenges and opportunities of being self-employed, but I can see advantages and disadvantages of self-employment vs. employment. I really believes it comes down to your personality and personal preferences regarding work.
If you find yourself frustrated by management decisions, and genuinely find yourself wanting to set the direction, then self employment might suit you.
It is important to be goal-orientated and self-disciplined. Self-employment will inevitably bring periods of plenty, and periods that are quieter. It is important to press on, keep doing marketing and looking for work, right through the lean times. It can be hard, but then the joy of getting more work in will be all the greater! If you are easily discouraged, or really value a regular income and financial security, then do a careful business plan, and visualise what day to day life would be like, before taking the plunge.
Creativity and imagination is an important aspect of self-employment, and this is why I love it so much. A good insurance against the vaguries of workload is to have several strings to your bow. I like to call this a "portfolio career", which sounds a bit fancier than "jack of all trades"! If one line of work isn't going too well, I can stick at it, or I can move to doing something completely different. If you find your creativity stifled in the office, then self employment might be for you.
Consider also how much time you will spend with others during your working day. Many people who are self-employed spend quite a bit of time alone, or with customers. Would this suit you?
Summary: If like to take the decisions and are goal orientated then it may be for you.
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