I’ve been fully self-employed for a little over one year now, and I will say that it’s the best decision I have ever made in my life. However, with that being said, I do know that self-employment is not for everyone.
Many people lead great lives and are very successful all while working for someone else. There is no right or wrong decision for everyone because everyone is different.
Below are four reasons for why being self-employed might not be for you. Of course, everything below doesn’t apply to every single job in the world, but I’m sure you get the point 🙂
1. You crave stable income.
I don’t know of a single self-employed person who would say that they have stable income. Income will usually vary from month to month. You might have the best month of your life one month, and the very next month could possibly be your very worst income month as a self-employed person.
This is why many people end up leaving the self-employment world. Many people crave stability, and I am one of those people. However, there are things you can do to get over this craving for stability. This includes having an emergency fund, creating a realistic budget, and more.
- How Much Do I Need in My Emergency Fund?
- How To Budget As A Freelancer
- Ways To Become A Successful Online Freelancer
2. You don’t like being the main decision maker.
As a self-employed person, everything is up to you. This means you need to make the decisions, you have to lead your business, and more. Many people do not like this though, as it can lead to a lot of stress.
Working for someone else may be better for some because they can tell you what the company goals are, what tasks need to be completed, and more.
3. You prefer to have a good work-life balance.
I can’t really remember the last time I took a full day off from working. No matter what, I am always checking my emails, replying to emails, trying to get some work done, and more. This can make balancing work and life very difficult. Over the past year I have gotten much better at this thankfully. However, I know many freelancers who struggle with this every single day.
If you work for someone else, you will most likely receive dedicated vacation time. This means that you can go on vacation and not have to bring your work with you. This is not always the case when you work for yourself though. It can be very hard to break away from your business.
4. You think self-employment is not a real job.
Oh my! If I had a nickel for each person who has told me that they would be “bored doing nothing all day,” I would seriously have a ton of money. Self-employment does not mean that you are doing nothing all day long.
Most of the self-employed people I know work well over 60 hours a week, and some work 100 hours a week all the time.
Self-employment is hard work, so don’t go into it thinking that you will be doing nothing all day long.
Do you want to be self-employed? Why or why not?