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Can You Make It Being Self Employed?

By Edited Nov 13, 2013 0 3

Being self employed has a romantic ring to it. Not having to listen to a boss. Not depending on some big corporation for the direction of your career. These are just some of the reasons that people are looking into this wondrous endeavor. You may have dreams of working for yourself as you get into your car to drive to your 9 to 5 job. You are not alone in this. But before you walk into your boss's office and give your notice, you need to take a realistic look at whether you could make it being self employed.
Why is this important? There are thousands of people out there that have driven themselves into debt becoming self employed. They did not see the tree for the forest. Often they say the flashy ads or stories about working from home or owning their own business. This is why it is so important to really know if being self employed is for you before you take the leap. Falling from this height can be very painful if you are not prepared for it.
Question One: Do You Have a Plan?
Being self employed is not just about working for yourself. There is much more to it then this. You need to have a plan on how you are going to start making money. There are many legitimate options out there for you to choose from. The good news is that there is not one answer that works for everyone when it comes to being self employed. Perhaps you plan to become a writer for hire to some of the biggest web sites and blogs. There are many business opportunities to join that will allow you to sell already created products. The more exact and researched your plan is, the better the chances are that you will be successful in doing what you want to do.
Question Two: Where Are You Going to Work?
This will go hand in hand with your plan from the first question of being self employed. Will you get started in your living room? Do you have access to a space that is perfect for what you want to do? Remember not all spaces are created equal when it comes to working from them. You will want a place that will be quiet and allow you to focus. There also needs to be access to the tools that you will need to make money while being self employed, whether that is Internet connection or a stove.
Question Three: Can You Follow Your Own Deadlines?
You may want to make a trial run of this before you give your two weeks notice to become self employed. Start working on projects now that you need to get done in a set amount of time. Write these in your calendar or day planner and pay attention to how well you can follow through on your deadlines. You need to have the drive and follow through to get things done without having a boss to follow up on you. This can tend to be one of the hardest things to get used to when being self employed. You will begin to realize just how much you rely on your boss every day to help you get things done when you take this challenge.
Test It More
If it is possible, the best way to become self employed is to slowly transition yourself into it. You can work part time at your new career before you give your notice at your brick and mortar job. There is no rule that says you must start out full time with your business or plan. This will also help you to build up the revenue to cover the money that you will lose when you leave your current position.



Aug 1, 2010 3:45am
Very very good advice. I've been self-employeed too and the two key things you mentioned are figuring out how you are going to make money and giving it a test run BEFORE you quit your day-job. Terrific article.
Aug 1, 2010 1:22pm
My husband and I have been self employed for years, you do need to have a plan of some kind or at least a direction and be ready for fast decisions depending on which way your business goes. Great advice here!
May 14, 2013 9:08am
Very good read. Everyones goal should be to be self employed. The reward is worth the risk for sure.
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