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5 Reasons To Work For Yourself

Updated on October 27, 2016

Although not everyone is capable or even wants to start their own business or work for themselves, it’s always a good idea to have an alternative source of money. Jobs these days can be difficult to find in some fields, and when you do find a job many times the pay is low and being laid off is a possibility. There are also many college graduates who struggle to find a job in the career they set out for, and still start out on low pay while having many loans to pay off. And there are a number of other things that can make depending on someone else for income a challenge.

While sometimes it’s best to just stick it out and roll with the punches, there’s also another great solution: working for yourself and/or having another source of income. I would never suggest just taking the dive without already having success on your own. I think the best way is to see what really interests you in life, and turning it into an additional source of income apart from your job. If it grows to the point where you can stand on your own then great, but even if it only provides you with a little extra cash it still benefits you. Here are 5 main reasons to work for yourself, even if only part-time:

1. Increase Your Income.

This may seem obvious, but working for yourself can greatly increase your income. This is because you are not working for an hourly wage or salary, but for profits that are unlimited based on your products, services, etc. The harder you work, the more you make, and it’s not necessarily dependent on how many hours you put into it. Most businesses spend a lot of time setting everything up, but after that, everything is almost on autopilot and you can literally make money overnight. Of course this is all dependent on what you decide to do, and there are no guarantees. Regardless, whether it increases your revenue by a little or a lot, it will give you more power over your income and you’ll be less dependent on getting a raise or promotion.

Would You Ever Consider Working For Yourself?

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2. Relieves Your Dependence On Someone Else.

When you make your own money you never have to worry about whether you can get a raise or promotion. You take your control back from your employer or boss, and in many cases can become your own boss. You are not dependent on the government if you lose a job, because the only way you can lose your job is if you decide to end it yourself. There’s no getting laid off, or getting your hours cut back. You never have to officially retire, and can make money for the rest of your life. No more depending on a savings account or social security in your later years. Your business is your back up plan, and it can be a continual source of income.

3. More Time To Do The Things You Love.

When you work for yourself, you get to wake up every morning and go to bed every night doing exactly what you want to do. You can take a vacation whenever you like, a day off whenever you like, and however long of a lunch break you’d like. You get to call the shots on how you live your day, and the day is yours to do whatever you’d like. You can also work whenever you’d like. Day, evening, overnight, it’s up to you. You simply have more time (or can rearrange your schedule for time) to do the things you want to do.

4. Eliminate Work Place Favoritism and Biases That Can Keep You Behind.

When you work for yourself, you don’t have to worry about work place favoritism and biases that can affect your income or whether you get a promotion. How much you earn is dependent on how hard you work. It’s dependent on your dedication, and passion for what you do. You don’t have to worry about whether you’re best friends with so and so to get the better deal. And while favoritism is not tolerated in most work environments, it does and will happen.

5. Feel Accomplished.

One of the best reasons to work for yourself is the feeling of accomplishment that comes with it. Everybody wants and has a purpose in life. Although it can easily be filled by working for someone else, most of the time you get stuck working for somebody else’s purpose. When you discover your purpose (or that thing that makes you feel good at the end of the day), turning it into something you can do everyday and make a living off of will give you the greatest feeling of accomplished of all.

Which Do You Feel Is The Best Reason To Work For Yourself?

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    • UltimateLife profile image

      Michelle B 2 years ago from USA

      Thanks for your comment! I agree it doesn't have to be all or nothing, and it is important to have some sort of control over your income.

    • serenityjmiller profile image

      Serenity Miller 2 years ago from Brookings, SD

      Interesting perspective - thanks for sharing! When possible, multiple sources of income are certainly beneficial, and there are many effective methods to develop passive income as well. Even if someone isn't ready to take the whole leap into working for one's self, there are still plenty of ways to build up a side business long before quitting one's day job.