AddThis Feed Button
AddThis Social Bookmark Button
Free Newsletter Signup

The decision to leave behind a permanent and familiar job in favour of self-employment is not one that you’ll take lightly. Yes, it will take a lot of hard work and determination, but ultimately there are many advantages to making the leap. Here’s a look at some of the benefits you can enjoy when you’re self-employed.

Increased potential earnings

One of the main advantages of self-employment is that your earning potential will be much higher and on average, you can earn 45% more than if you are traditionally employed, giving you the opportunity to invest your profits. You’ll be able to directly reap the benefits of your hard work, which is a more rewarding lifestyle than if you work within a company.

Look into the financial benefits and incentives available to you, as you may be entitled to tax deductions and the opportunity to claim expenses if you use your phone, internet and travel for business. Don’t be afraid to ask for advice when it comes to your finances. Many banks and building societies offer specialised services for those who are self-employed.

Flexibility and reduced costs

Another major pro is the flexibility that you will enjoy if you are self-employed. Gone are the days of paying expensive childcare fees and for school breakfast clubs; working from home means that you can skip the stress of the daily commute and set you own schedule, whilst also saving money on your petrol or train fare.

Plus, you will have more freedom when it comes to taking holidays rather than having to consult the office calendar and waiting for your manager’s approval. This means that you can plan a break during a time that’s most suitable for you and your company, and also find better deals.

Increased control

When you’re self-employed, the only people you have to answer to is yourself and your clients. You can avoid the office politics and receive the credit for your efforts personally. Feeling like a valued individual is a very rewarding benefit that you may not experience in traditional employment.

You can also pick your own customers, which means that your work is more likely to be varied, enjoyable and matched to your skills and interests. No two days will be the same and it will lead to a more creative and diverse lifestyle.

Do you like the sound of making the transition into self-employment? Make sure you seek further advice on how to get your business set up correctly, going through the government’s SME checklist research everything you need to know in the journey to becoming your own boss.


 
 
 

 
 

Comments are closed.

Have an expert opinion on issues entrepreneurs and small business owners face everyday? Join the GetEntrepreneurial.com Experts Network and share your expertise with the community!

The new GE Experts Network is inviting seasoned entrepreneurs and small business owners to come on board and contribute small business advice to our community of aspiring entrepreneurs. If you have an effective way of generating sales or you know how to use social networking to connect with your customers, join us in providing wider entrepreneurial content that would benefit small business owners worldwide.

Click Here to Learn More >>



Free BIZNESS Newsletter
Ever wanted to be the CEO of your very own Starbucks or Amazon.com? Fire your boss and be your own boss? Now you can, with BIZNESS! - the free weekly business newsletter about new business ideas, opportunities and innovations from around the world. More than just new business trends, BIZNESS! helps the aspiring entrepreneur (you!) with small business advice, business tips, and entrepreneur resources and opportunities.

   Subscribe for free now!    Subscribe now


  Meet Our GE Network Experts!

Meet Our GE Network Experts!
 

Recent Comments

About GetEntrepreneurial.com

GetEntrepreneurial.com is a small business blog dedicated to providing business advice and resources to our community of aspiring entrepreneurs. Our specially hand-picked panel of GetEntrepreneurial.com Network experts regularly contribute entrepreneurial content and professional tips for small business owners worldwide.