The Sacrifices and Advantages to Self Employment?

Answer 1

Today, many young professionals who have grown tired of the nine to five mentality are seeking opportunities in self employment. Although some sacrifices are necessary, there are a lot of advantages to being self employed.

The road to self employment is often not easy and requires strategic planning on the part of the young entrepeneur. Having a part-time job while pursuing self employment opportunities is recommended for financial stability until able to sustain a sufficient income. While it is a good idea to have a financial safety net such as a healthy savings to account for business and living expenses, a lot of self starters like to get part-time work that falls in line with their individual interests and talents.

Self starters and entrepeneurs enjoy many perks of starting their own company. No longer will they have to worry about punching a time clock before and after each shift or have to answer to an overbearing boss. The only person they have to answer to is themselves and they determine how much income they can make.

Although there are numerous advantages to being an entrepeneur, there are some initial sacrifices made to become successful. Whatever the business venture, you can count on working three times harder and receiving a third of the pay that a regular job would offer. Making contacts, getting your company name and logo out, gathering supplies, and product preparation are just some of the necessary tasks that will occupy an entrepeneur's time and energy as he or she pursues later financial independence.

There are a variety of opportunities for ambitious young professionals who want to pursue self employment. The key to becoming successful is first choosing a career path that you can enjoy doing. The money will come to those who are passionate about their interests.

The journey to financial independence is laced with obstacles and hard work. Many who have become successful in their business venture will say that the idea of being in charge of their financial destiny far outweighs the petty sacrifices. With hard work, people skills, and some creativity you can be on the road to total financial freedom.

Answer 2

Self-employment offers the freedom to set your own schedule and pursue your passion, but it also requires discipline, financial risk, and can be isolating. The sacrifices may include inconsistent income, lack of benefits, and the need to handle all aspects of running a business independently.