What are the pros and cons of being self-employed ?

Question

..if you are not an accountant ?

Answer 1

Pros :

1- You can set your own hours and daily duties.

2- You have the tax benefits of being an entrepeneur. The American taxation system was designed for business owners, not employees.

3- You don't have some stingy croner boss breathing your neck screaming "TPS Report!"

4- Lastly, it really is a big stress reliever at the end of the day knowing that you decided how much you were worth that day...and that if you wanted a raise, you went and got it yourself.

Cons :

1- It can be a bit stressful at first, considering you're making the initial steps out of comfort zone employed slavery.

2- It can be a bit financially tight at first as well, considering again, you're opening a business.

3- You either have to all your own taxes and bookeeping...or you have to hire a receptionist and/or CPA.

The biggest lessons would be to remember "It's a long way up the hill" and that it will stretch you and make you grow as a person. To tie in with that is another quote I think would make sense if you're taking this query seriously.
"A tomato on a vine is either getting ripe, or dying. The choice as to how you sit on that vine is up to you."

Self-employment and , IS NOT EASY, but it's fulfilling. It's hard work, but it takes the little surmountable stresses of daily bumper to bumper out. It makes budgeting and money management easier. And it's nice when you can choose when you want to get up instead of waking up to that terminal negative, the alarm clock.

I hope some of this helps.

Also, one last thing : I would search out advice from people who have succeeded in the field you're looking to get into.

If you take advice from failures and losers who are making...eh, 30K a year...well...I'm sure you get my point. Seek advice from successful people, not average people.

PDGAABPHTMMBTDK - Please don't go ask a broke person how to make money, because they don't know.

Answer 2

The good part is that you are the boss. You set your own schedule and hours and can make sure the work is done up to your standard. The bad part is you must make sure you are motivated enough to do all the work that is necessary. Lots of paperwork, taxes, and insurance. You have to make sure you have enough work to keep yourself busy. But on the good side, better to do it all for yourself than make someone else happy. Remember this, if your business can't run without you there, then all you really own is a job.

Answer 3

You get to figure out things on your own so it helps you to realize that so many things can be accomplished if you put your mind to it.

But you need tremendous self-discipline since there's no boss to tell you to lay-off Y/A !! If it's a home-office type of set-up, there's also a risk that you don't go outside for days at a time.

Answer 4

Obviously the fact that I make my own schedule. Which to be perfectly honest is also the downside because I am a crummy boss and I have poor communication skills. One more warning for being late or hungover and I am firing myself.
One other thing with self-employment that is crummy is that my boss is a real jerk.

Answer 5

It's harder to prove income, specially if you plan finance something. On the other hand being your own boss how cool is that!!!

Answer 6

your own boss,but one should have money put back for the up and down moments until one gets a good reputation and built up

Answer 7

payeing your own taxes