Human Resource

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Do You Want to Be Your Own Boss?

Do You Want to Be Your Own Boss?

Is your boss driving you crazy by ignoring yet another great idea? Are you sick of being undervalued? Do you feel demotivated at work? Then the idea of being self-employed probably sounds very attractive. But working for yourself has its downsides as well. So before you jump in, take a moment to see if you have what it takes to be your own boss.

7 Signs You Should Be Self-Employed

  1. You are ready for a change. Sure, everyone has bad days. But when you are fed up and basically dread or hate every workday then it means it’s time to try something else.
  2. You have a great idea. It doesn’t have to be necessarily a world-changing idea. Jay Sorensen earned millions by ‘inventing’ the paper coffee sleeve. All you need is a solution to a common problem.
  3. You are enthusiastic. Having a great idea is not enough. The secret of a successful career is to do your job with passion. If you are thinking about your project whenever you've got a moment to spare, then you are one of those lucky people who have already found their passion.
  4. You are a good listener. To be successful as an entrepreneur, you must have happy customers. This implies, that you have to be aware of their needs, problems and expectations. The better listener you are, the more you learn about your would-be customers.
  5. You are able and willing to take the initiative. A lot of people have great ideas, but only a few of them are able or willing to take the first step. Determination and perseverance are two important characteristics that predispose people to be successful on their own. 
  6. You want more control. You have to understand that, being your own boss is not only about flexible hours and making decisions. Having more control over your work also means you have to be comfortable dealing with problems and criticism. So, are you happy to answer all the ‘how’-s as well?
  7. You are a great networker. Running a successful business goes hand in hand with networking. If you have good communication skills and connecting with people is not a problem for you, then spreading the word about you new business will be a piece of cake. 

Does this sound like you? Then you may have already considered being your own boss. Flexible hours, more control and a great career. We all know what are the advantages of being self-employed. But have you ever wondered what are the downsides?

  • Working under pressure. Your new boss probably won’t shout at you, but the success or failure of your business depends solely on you. So, it won’t be an easy ride.
  • Inconsistent income. We plan, work hard, network and hope. Yet the success is not guaranteed. Building up a new business takes time and you may have to work months without earning a pound. More than that, you will also have to pay for your own health insurance.
  • Working long hours. Flexible hours not necessarily mean shorter work weeks. On the contrary. Be prepared to work in the evenings and on the weekends as well. After all, time spent not working is time that is not paid.

Do you still feel that you can handle this? Then let me give you 3 final tips on how to ‘survive’ being self-employed:

  1. Let it go. Bad things happen. Lack of customers, criticism, competitors… Whatever it is, don’t take it personally. Try to find a solution, but if it is something you can’t change, don’t dwell on it. Move on.
  2. Keep on improving. Everything is changing. So if you want to stay in the game, keep on listening to your customers, learning new skills and improving your business.
  3. You don’t have to be great at everything. Are you not tech savvy, but you need a website? Do you struggle with your annual tax return? Then, hire a professional. It will actually increase your income, if you use the spared time to improve the products/services you offer.

That said, if you made up your mind, don’t wait any longer. Figure out the ‘how’-s and get started. Success is not guaranteed. But whatever is the outcome, you’ll get valuable experience.

Ready to find your first employee? Then post your job for free.

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