Factors to consider before trying to be self employed

[cherry123]

it is good to be self employed but this comes with its challenges. You need to think about this before going ahead. So consider the factors of

Doing it yourself challenge. You do a lot of things yourself especially when it comes to decision making

You would bear all the losses without a good safety net

You only get the income you have worked for, no extras from anywhere

Add yours

 

[Heatman]

Becoming self employed isn't easy but it's worth it in my opinion if you know exactly what you want to get into. It's going to be very difficult at first, but with a good plan you will do well.

 

[IB D]

If you want to follow all this, you won't enter the world of business. Some of us knew all these but we were brave enough to step into murky waters. Entrepreneurship is a calling.

 

[Johnson2468]

Before you are self employed, you need to consider the funds that you have. Can it be enough to run the business? If not how do you get enough fund

 

[hastral45]

To be self employed entails lots of challenges. Your success on it depends upon your resilient nature and logistic support. It is one thing to conceive the idea of business, and it is another thing to work out as planned or not. Whatever might be the outcome, one just need to be determined and focus.

 

[uptrendfinancialsignal]

It is crucial to have enough experience on the business that you wished to establish.

 

[Springtime]

Unlike working for a company where you get a stable monthly salary and getting necessary support, being self employed means that you have to work on your own and your income may not be stable before you develop a strong customer base. You have to have sufficient back up fund before trying to be self employed.

 

[Chibson]

I quite agree with your assertion. You need to make some certain decisions yourself before getting started. You also need to try as much as possible to overcome your fears.

 

[Niyi Briggs]

Before you even think of veing self employed, you need to consider if you have the means to take care of yourself during the period that the business would be trying to find its footing.

 

[Chibson]

The level of your capital is one of the major things you need to consider before trying to start your own business. If you have enough capital it will be easier for you.

 

[eldavis]

Another thing you should think about before starting up your business is the fact that you are in charge of all the decisions and when there is no sales, it means there would be no money as well.

 

[Chibson]

Well, as a business person if there is no sales then there is no money for you. That is why you must implement every possible strategy to enhance your sales.

 

[eldavis]

Well, as a business person if there is no sales then there is no money for you. That is why you must implement every possible strategy to enhance your sales.

That's a good one, unlike when you are working under someone, even when there is no sales, you would still get paid by month end, but when running your business, it totally depends on how much sales you make.

 

[Stardom22]

I think becoming a self employed in this trying times I'd like a suicide according to me. For a newbie in the self employment life can really be very hard for them. Unfair competitions and other business rivalries have ditched the business to be very unprofitable.

 

[Heatman]

If you want to follow all this, you won't enter the world of business. Some of us knew all these but we were brave enough to step into murky waters. Entrepreneurship is a calling.

There is no kind of business that someone wants to start which is a physical business that is going to be very easy. You will have to be courageous and determined to see it through.

 

[astutimeliana723]

One of the factors to consider before deciding to become an entrepreneur is to make sure you have sufficient entrepreneurial skills and knowledge, make sure you have financial conditions that support you, make sure you have an idea/concept for the business idea you are going to build, etc.

 

[IB D]

There is no kind of business that someone wants to start which is a physical business that is going to be very easy. You will have to be courageous and determined to see it through.

Business is not a walk in the park whether it is offline or online. If you like, come into business with a bullion van, you would still be stressed. It is for the strong hearted.

 

[Etini Willie]

You have to consider the level of your risk tolerance. This would determine if you are ready to go into business. Also, look at your financial goals to know of businesses is for you.