You may be thinking about taking a plunge into working for yourself, but you still don’t know if it’s better than working for someone else. Both have some pros and cons to each one.
Working for someone else gives you a chance to gain some experience in the job and helps you deal with deadlines, customers, and the stress of trying to roll out a good product or service. An employer can give you advice and feedback on handling stressful situations, irate customers, and meeting deadlines. Your employer can be an asset to you if you venture out on your own to start a business.
On the other hand, some employers won’t be as friendly and can criticize you constantly for your job performance even though you thought you were trying your hardest. Your employer may also not be as willing to listen to any of your ideas or take them and present them as his own, not giving the credit where it’s due. This can be enough for an employee to lose self-confidence and have low self-esteem.
A lot of times, people have to commute quite a distance to and from work. You spend more time traveling to and from work on the road and less time with your family. Even 2 days off from work on the weekends doesn’t seem enough, and you usually get a limited time for vacations.
Working for yourself at home can be rewarding because you can get more work done without constant interruptions from co-workers and the distractions of many phones ringing at once. There’s no commuting to a job 5 days a week, saving on gas and the wear and tear on the car. You can get up when you want to, and you’re always there for your family. You can work as many hours as you want, when you want to.
The money you make from your hard work is yours, not someone else’s. No one else can benefit from all that you do for your own business. The money you make from your hard work is yours, not someone else’s. No one else can benefit from all you do for your business but you. All too often, employees complain about having to work hard to make money for the company they work for, but they never see the benefits of the profits the company sees. With your own business, you see the profits, and you benefit from the profits as well.
The drawbacks to working for yourself are the money for startup fees in your business, depending on the type of business you want to do, purchasing and keeping your office equipment or whatever equipment is needed for your type of business. You also would have to pay taxes for self-employment, and you may have to purchase your own health insurance, which could be costly since you wouldn’t have an employer to cover some of the costs.
You also would have to field the complaints yourself. There wouldn’t be anyone else to pass the buck on to. If you have children or pets at home with you, there can be distractions to deal with, from the kids crying or fighting with each other to dogs barking.
Some people work for other employers and have their own businesses on the side, so actually, they get the best of both worlds. This is an excellent way to start by gaining experience on the job and still making a little extra money to save toward expanding their home business.
Deciding whether to work for yourself at home or work for an employer would depend on what you want to achieve within your career. To quit your job and start working for yourself at home, you need to be ready to do so. If not, you can always work part-time with an employer and part-time at your business until you’re prepared to transfer to only working for yourself.
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