The Biggest Disadvantage of Being Self Employed
Even though I grew up with two self-employed parents, I didn’t even really get it until I started working for myself. It’s something that you don’t really think about if you work for someone else, but it’s a daily thought if you’re your own boss. What do you think it is? Discipline, hard work, no boss to keep you on track? Nope, it’s…
That’s the killer. Getting enough hours is the bane of most self-employed people’s existence. My friend Sergej who does freelance translation says that he spends 70% of his time translating, and 30% of his time finding new clients. My father, who runs the business Timberbuilt, spends large sums of money to get new clients every year. And he always says to me; “We can handle more work, first we just need to get it.”
Employed vs. Self-Employed
In my own experience, getting enough hours to make the kind of money I want has been the hardest part of working for myself. For example, my hourly wage is a respectable $25 to $30 at the moment. That’s great and I’m happy with it, but if I only get 10 hours a week it doesn’t matter how good it is, the guy making $10 an hour, working forty hours a week, is still doing better than me.
When you have a normal job with a boss and a water cooler and coworkers you don’t like, you take it as granted that you’ll always have work. In fact you probably wish you had a less steady supply of the stuff. While I don’t think it’s fair to look at your workload as a blessing, it is something that you might want to appreciate to some degree. You can do your work without having to worry about whether you’re even going to have any hours at all next week.
Is it Worth it?
Of course, there are many self-employed people who never worry about getting hours. They regularly turn down jobs. However, I believe this is something that typically comes once you’ve been in the game a while and the quality of your work is high. If you’re in the beginning stages it’s more difficult. Getting work is a big part of the grind, and the constant search can grow tedious.
So if you’re thinking about working for yourself, or starting your own business, be aware in advance that a large part of your time is going to be spent finding new clients. It’s easier for some people than others, but everyone has to anticipate this arrangement to some degree. Despite this, I think the advantages heavily outweigh the drawbacks, and I encourage everyone to take steps to start their own online business today! You can read my post: How to Make Money Online, or check out all the other resources available on the internet today.