What Is Self-Employment:

Self-employment is a situation in which an individual work for himself instead of working for his employer. A self-employed individual earns his income through conducting profitable operations from a trade or business that he operates directly. Self-employed people generally include dependent contractors, sole proprietors of business and those with partnerships in business.

5 Reasons Why Self-Employment Is Better Than Being An Employee:

1. You Are Your Own Boss:

It is the most common benefit which everyone knows perhaps it is the one we dreamed about. When you are the boss of your own empire you don’t a have tension to be expelled from business for doing mistakes in work. When you are self-employed, you no longer have a “Higher Up” governing your every move, you control how your work is done.

2. You Earn More Money:

On an average, a freelancer earns 40% more than those who are conventionally employed.

3. You Enjoy Variety Of Work:

When you were an employee — whether you were crumbling away in a cubicle, restlessly working retail, or dying at the drive — 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 consistently. You are expected to continually adapt, learn and update your skills. With every new client comes to new challenges.

4. You Choose Your Own Customer:

When you work as an employee, you are more or less forced to serve whoever decides to show up at your employer’s place of business. But in case of self-employment, you have the option to choose client of your own choice this also helps in generating a healthy business relationship between you and your client.

5. Financial Rewards:

A business may become very profitable. Companies are willing to pay more to independent contractors as compared to corporate agencies because independent contractors don’t have a huge amount of expenses, long-term commitments that they do with permanent employees such as benefits, pensions and redundancy benefits like corporate or private agencies. Independent contractors work for the specific tenure after the completion of the task they have no relation to the client unless there are any specific circumstances this is the reason that big companies are preferring to freelancers.

Leave a Reply

Your email address will not be published. Required fields are marked *