Factors to consider before trying to be self employed

[Bisolami]

There is always a possibility that you're not going to get enough work to do as a self-employed person which is why you have to make sure that you have different alternatives of making money from.

There are even some people working under some other people and they also have their own company which means they do two things at a time but it depends on how they are able to handle the two businesses

 

[cherry123]

Being self employed is good but knoe that You would bear all the losses without a good safety net. You would not have anyone to bail yoi out and no extras from anywhere

 

[freelancermaria]

Before you become self-employed, keep in mind that you will not be able to take advantage of employer benefits like health insurance. You must obtain it on your own, so look into your options. In addition, you must improve your skill set to compete with others.

 

[Starmix]

It might be terrifying without a job. There's no surety of self employment not unless you have a huge capital. In self employment we have to consider the forced savings for retirement unlike in having a job retirement deduction in the payroll is automatic.

 

[Stardom22]

When trying to start the self employment business you should make sure that you make proper research for the marketing and promotional procedures for the business for the truth of the matter.

 

[olaniyi]

You are right that there are challenges in setting up one business but there are many advantage of setting up one business compare to the task ahead because you all your profit and you rest at your convenient time

 

[aovurevu]

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

You might also be the only one running your business and get to do everything yourself without assistance from any other person which may make work slower and also hectic.