Think of all the advantages of being self-employed versus having a regular job. If
you had a choice and the income between the two were the same, which would you
choose?
The advantages of being self-employed is flexibility, time freedom, more
opportunity to increase your income, working from home, no office
attire(quần áo), no gossip(ngồi lê đôi mắt), no office politics, spending time
with family and eating lunch at home.
Dont forget the tax advantages of being self-employed as well. Theres a lot you can
claim as deductions such as eating out on business, mileage, part of your home as a
home office, fax/printers, long distance, and travel expenses.
Write down your goals and figure out why you want to be your own boss. Put those
goals and a time frame you want to achieve it on a 3x5 card and carry it around with
you in your wallet. Or put that card in front of your computer monitor. Look at it and
read it everyday. It will remind you to keep at it and work on your business when
you dont feel like it.
When you realize that there are so many advantages to being self-employed, youll
discipline yourself and work harder at it. It is worth the extra effort when its your
own business and youre the boss. Would you rather work hard to make someone
else rich or work hard for yourself and your family?
Dont give up. You can replace your income from your regular job if you spend a
consistent amount of time working on your business. Dont go to bed every night
until you have done something to advance your home based business.
Advantages of Being Self Employed
Working for Yourself Has Numerous Benefits
© Scott Hayden
Apr 22, 2008
Why go through the slow and painful process of cold calling, writing résumés and going to interview after
interview? Be self employed and reap your own rewards.
You may be comfortable in your present job and might never have dreamed of breaking out on your own
and starting a home-based business. The advantages of working for yourself however outweigh being
employed by somebody else. Let's face it, time is your greatest commodity and it can't be replaced. Would

by, so does it make sense to pay higher gas prices and insurance rates for something which loses more
value every minute?
You'll need to be focused on what you are passionate about, and it will take a lot of time and dedication, but
it will be time well spent and working from home works. Millions are doing it, and so can you.
•
well advantages are, no one tells you what to do. you are in total control and you
can decide when to work and when not too.
there are tax advantages too if you compare it to the same job being employed as
you can claim all related expenses such as travel (motor costs) to reduce your tax
bill, so in theory you can pay less tax and national insurance.
class 2 NI is only £2.20 a week at the moment which is alot less than what you
would pay if you were employed. you also pay class 4 NI on taxable profits over
£5225 but this is at 8%. class 1 on employment is 10% so the more money you
make, the more NI you save.
disadvantages are you have to find the work, do quotes, your own bookkeeping
unless you pay someone to do it for you. pay and accountant to do you accounts
each year along with your tax return. you only earn as much as you work, ie the
more work you put in, the more you should be paid. you dont get paid holidays,
depending on what sefl emp work you do, you made need some savings to get you
going through the first few months until work picks up. you gotta advertise,
network etc... and you could end up working very long hours.
• The main advantage of being self employed is that any money you make is yours
(except what the tax man takes). You can work as much or as little as you want to.
Although most self employed people are driven by a will to be successful. The
disadvantages are that you don't make any money if you are sick or if nobody wants
your services for a while.You have to submit your own tax returns and organise
your own pension. Basically your income is not guaranteed whereas if you work for
a company you may make less money but your income is fairly secure. I would
suggest that if you are thinking about being self employed you speak to some local
self employed workers and find out their take on it. Good luck whatever you do!!!

done.
Your bank account and other financial resources may not be compatible with being your own
boss. While you may have a great service or product, you may not have the financial wherewithal to
coast while your clientele builds up. Will a late payment from a customer hamper you to the point of
having to dip into your house’s equity to pay the mortgage? Will a customer’s unwillingness to pay
you cause great stress and havoc with your personal finances? If you do not have some savings
that you can fall back on to keep afloat, you should not so easily dismiss a steady paycheck.
Your affinity for paying taxes may not be compatible with being your own boss. Not only will you
have to navigate the legal maze of permits, papers, and other items needed to be doing business,
but you will also need to file quarterly estimated taxes, and then a year-end statement as well.
Uncle Sam will also want you to pay your full share of FICA and Medicare, which up to then was
half the responsibility of the employer. Unless you are willing to meticulously learn the bookkeeping
end of things, you will need to rethink going out on your own.
Your family’s willingness to support your dream may not be compatible with being your own
boss. Just because you will be your own boss and work out of your home, at least in the beginning,
does not mean that your family fully understands the implications. To the kids it simply means that
mommy or daddy is home and should be able to pay attention to them and play with them. To the
neighbor it may mean the freedom to drop by at any time to chat or ask a favor, while your friend
from church might feel perfectly ok to drop off her kids for some babysitting, since “you’re at home
anyways.” Similarly, unless your spouse understands that no, you cannot run and pick up the dry
cleaning or take Fluffy to the vet, even though you are at home, your efforts at building your
business will get lost in mundane chores. Therefore, unless your family understands that your
physical presence in the home does not mean that you have nothing to do, but instead it means the
opposite, you may not be able to make that leap from employee to self-employed.
So, if you are dreaming of the time when you will be self-employed, sit down and count the costs.
Do you have what it takes to make this dream a reality, or will the disadvantages of being your own
boss threaten to swallow up that business of yours?