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10 Reasons to Love Being Self-Employed
For some people, punching the time clock of a traditional 9 to 5 job is a perfectly acceptable way of life. For others, their dreams lie in the allure of being one’s own boss. This dream includes setting your own schedule and following your own rules. Though this may sound like a very isolated way to do business, that assumption could not be further from the self-employed reality. The NASEexperts help everyday people realize their dreams of owning a business or branching out to be self-employed and work for themselves.
While there are many reasons to love being self-employed, the top ten reasons are outlined here:
1. Autonomy
Workers in corporate environments often deal with oversight from management. At a certain point, when one is trained to do one’s job, an employee expects to be given the freedom to do their job as they were trained to do. Many times, the corporate environment is fraught with micromanagement and socially detached managers. Self-employment eliminates that management style and allows a person to manage themself. Being self-employed allows you the autonomy and freedom to use your skills to the best of your ability, without the innovation killing oversight that restricts personal growth. Self-employment is an opportunity to feed one’s spiritual health by striking out independently to pursue one’s path.
2. Flexibility of Workplace
The COVID-19 pandemic taught us all about the importance of flexibility. The exact number of businesses that closed due to COVID-19 is still unknown. The need for businesses and people to be flexible about how and where they do business was defined during the pandemic.
Businesses that were operational online fared better than traditional brick and mortar establishments. When local governments ordered lockdowns and restricted access to establishments, companies that required staff to be onsite found themselves unable to do business.
Being self-employed gives one the freedom to set up their business to the location of their choosing. The flexibility allows one to choose online services, in-person services, or a mixture of both. This flexibility provided security for the self-employed concerned about COVID-19 exposure, as well. Self-employed people could choose for themselves how comfortable they were around other people amid the pandemic and could adjust their schedules accordingly.
3. Ditch the Commute
People can spend hours a day on their commute. This time is taken away from opportunities you could spend with your loved ones. One of the better reasons to love being self-employed is the ability to manage one’s own time and delegate more time to the essential things in life — the people you love.
In giving up long commutes, self-employed individuals can rededicate that time to planning a romantic getaway with their significant other, or maybe even just a date night. This also frees up evenings to be there for kids and their activities.
4. Work-Life Balance
People are more than just parts of a corporate machine, helping it to run smoothly. People are families, hobbies, friends, and more. Being self-employed allows you to control your schedule and to control your work-life balance. Work is often something that defines us. When we introduce ourselves, we include our names and frequently our trade. If work defines a sense of purpose, then family defines a sense of belonging. These balances are essential to success and happiness.
Being self-employed allows one the freedom to prioritize loved ones. If you need to plan a romantic evening for your significant other, there is no need to clear your schedule with your boss because you are the boss. Controlling your own life’s schedule is one of the many things to love about being self-employed.
5. Innovation and Creativity
The death of innovation can be summarized in an often repeated phrase: “That’s not how we do things here.” When you work for someone else, you are subject to the company’s vision, its resources, and its decisions. Too often, that means that great ideas are dead on the table if they do not fit into the company’s values where one is employed. Self-employment offers the creative freedom to innovate and try out your ideas.
The freedom of creativity is another thing to love about being self-employed. The creative liberties that a self-employed person can take are controlled by themselves. This freedom of expression and innovation means that the sky is truly the limit. Creativity can also be redirected from work to romance when you are self-employed since you would be your boss.
6. Pursuing Dreams
If you have ever dreamed of owning your own business or being self-employed, you know that this dream will return again and again. For some, the desire to be self-employed is a lingering aspiration. If left unfulfilled, this can lead to unhappiness and frustration. One of the things to love about being self-employed is the pursuit of that dream and happiness.
People who are unhappy in their work-life may bring that dissatisfaction home with them. This has negative effects on relationships. If you are dissatisfied in the workplace and dream of being your own boss, this might affect your ability to show the ones you love how much they mean to you.
7. Increased Income
When you do what you love for work, you pour yourself into it, which means you are more committed to your success. Being self-employed gives you the ability to control your earning potential based on your commitment to yourself. It also allows you to control the revenue stream and the bookkeeping.
As an individual contributor in a larger company, you may not have much control over investments, expenses, or pricing. Still, one of the things to love about being self-employed is financial control. Instead of depending on someone else to make sound business decisions, a self-employed person can control the return of investment and profit margins.
8. Build Your Network
Instead of building the network chosen for you by another entity, being self-employed allows you to choose your network and select the people you plan to work with. If you are employed somewhere that does not align with your values. You may find yourself struggling to drag yourself to work in the mornings. Being self-employed allows you the freedom to build your network and align yourself with others who share your values and vision.
We spend so much of our time invested in our work. That is why it is essential to love what you do and surround yourself with people who encourage and empower you. The freedom to network with people who will feed your business and your soul is a recipe for self-love and happiness.
9. Personal Brand
Self-employment allows you to create a name and an image for yourself and your business. Through self-employment, you can develop your brand that sells your business ideas to clients, customers, vendors, or contractors. Your brand is about so much more than just your product or business plan, though. Building a personal brand involves both a vision and a mission.
A personal brand is a dream or an idea that is brought to life through actions and interactions. Every customer or client who interacts with you or your business experiences your brand. What better opportunity for creating a better community than the chance to build a personal brand that brings happiness to another person?
Being self-employed is a freedom that is not comparable to a traditional employee-employer relationship. For those who dream of this type of independence, self-employment is the obvious answer.
10. Self-Empowerment
The recurring theme of the things to love about self-employment is the control that it gives you over many aspects of your life. This control is about more than just a need to be in power. Self-employment brings about self-empowerment. The realization of what you can accomplish is an inspiring feeling.
Self-empowerment can also mean self-love. Loving yourself enough to love what you do is a fantastic accomplishment. People fortunate enough to follow their dreams get to live fulfilled lives. Happiness can spread. If you can live your life on your own terms, you can confidently engage in relationships. Being self-employed allows you the ability to manage your relationships and your time with the people you love.
Final Thoughts
To learn more about ensuring your small business’ success in 2021, contact the experts at NASE. Our licensed professionals will be happy to answer any questions you have.