Be Your Own Boss: 6 Incredible Advantages of Self-Employment

Written by
Rebecca Smith

Aug 29, 2019

Aug 29, 2019 • by Rebecca Smith

Are you sitting in your office surrounded by your superiors?

Picture this: You're in a world where bosses don't exist. You are the boss. Everyone working with you is happy and you're working towards a common goal that you're all proud of.

Sounds good, doesn't it? Our generation has had it tough when it comes to finding employment. It's easy to get locked into a 9-5 job that you hate, just because it's there and rent is expensive. You don't want to look back in 20 years and regret everything you've done.

Maybe it's time to become your own boss.

Today we're going to look at some of the advantages of self-employment. Starting your own business requires a great deal of work, huge personal sacrifices, and you have to be knowledgable to get it off the ground.

But, the work that you put in and the sacrifices you make all lead up to you becoming your own boss. You don't have to dread going into your 9-5 job because you'll make the rules. And, you won't have those annoying coworkers because it's either just you or people you hired. Let's find out more.

6 Advantages of Self-Employment

Entering the world of freelance work or starting your own business is all about taking a leap and betting on yourself. If you're not confident and outgoing, it's going to be harder on you. When you can make others believe in you and your skillset is when you'll take off and wave goodbye to the conventional world.

1. Take Control of Your Life

You don't have to be a slave to the monotony of your day job anymore when you decide to become self-employed. Chances are, if you're an entrepreneur, you're someone that prefers to be in control and make their own decisions.

You set your own hours, you take the jobs that you want to, and you decide who you work alongside. When you launch a business on your own, you get to make those crucial decisions that get operations off the ground.

When you're working for someone, you simply don't have this luxury. You're at the mercy of decisions being made by those above you and there's a cap on how much input you'll actually get.

2. Lower Stress Levels

If you get stressed out by hectic, unsupportive, or wholly negative work environments, you'll love the stress-free world of self-employment. We're starting to learn more about what work stress can do to a person's mental health and it's not good. 

Feeling unsupported or overwhelmed by your job is unhealthy. If you have to be immersed in this environment every single day for 8 hours, you're eventually going to reach a tipping point. 

When you work from home or remotely, you don't have to deal with stressful work environments because you create the environment. 

3. Saving Money

Another thing about working from home is that you save money on all the little expenses that build up over time. Getting gas for your commute, paying for public transit, eating out for lunch; these things can end up costing a lot.

If you work remotely, you can eliminate most of these expenses. Sure, you might have to drive to meet clients every once in a while, but you don't have to drive to the office every day. When you're at home, you can always save money by buying groceries and working in comfy clothes.

4. Work/Life Balance

One of the biggest reasons why people are starting to leave the work-force for their own endeavors is to achieve a work/life balance. This isn't something previous generations had the luxury of considering, but it's important to millennials and gen-Z.

Work shouldn't always be the only thing you've got going on. Your personal relationships and quality of life should take up just as much of your life as your job. It's hard to do this when you're locked into an office environment every day.

If you work for yourself, you can decide to go on vacation or stay home with your kids for the afternoon. It's important to maintain a strong work ethic or you'll have a hard time succeeding as a self-employed individual, but you should take advantage of the perks.

5. Go At Your Own Pace

Starting your own business is a lot of work, but you can go at your own pace. It doesn't have to become a powerhouse right away. Take time to learn how you want to run your business, weigh the drawbacks and benefits of an LLC, decide if you want to involve anyone else.

That's the real beauty of it. You don't have to join the rat race if you don't want to. Just take it easy, make enough money to live off of and see where you can take things.

6. Productivity

A lot of folks find it difficult to focus within a crowded office. If you can't focus, then it's hard to maintain a steady level of productivity. Choosing where and when you work relieves a lot of productivity concerns. 

When you know that you can set your own schedule, then there's a lot less pressure to fit a lot of work into a certain time frame. You can get up at 11 in the morning and work on and off until midnight one day and do a 9-5 another day. Work when you feel like working and that's when you'll see productivity go up.

It's All Up to You

The advantages of self-employment are numerous, but there are some drawbacks as well. You're going to have to put in extra time to make it work, especially in the beginning. The one major benefit that working for someone else is job security, which you won't exactly have when you're self-employed.

If you're passionate about what you're doing though, you won't mind putting the work in. When you care about something, you want to spend time working on it and making it better. 

Did you find this article helpful? Come back and visit our website for more great posts about how to find the right work in 2019.