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Is being self employed for me?

Updated on October 8, 2012


Being self employed can come with some great benefits, like not having to work for someone else or it can offer flexibility to your life and your family but how do you know if its right for you and what things might you consider when deciding?


Why do you want to be self employed?


First of all having a good understanding of why you want to be self employed will help decide if you have enough determination for it or not.  What is your ultimate goal? Is it because you don’t want to work for someone else, because you want to be your own boss or simply because you want to be able to spend more time with your family?

If you can keep sight of your goals or the achievements you want to make, then the chances are; you will have the motivation that is needed to keep you on the right track, even through the toughest of days.


Are you passionate about your idea?


You may have come up with a fantastic idea for becoming self employed but if your heart isn’t in it then you will soon find your motivation start to drift away.  Is your business idea truly doing the things that you enjoy doing? You need to have a passion for what you’re doing and be willing to work extremely hard at it.


Are you willing to learn new skills?


No matter how much you think you know already, there will always be new skills to learn when starting up and working in your new business. You have to be prepared to except help sometimes and be willing to learn something new.

You should be able to enjoy growing as the business grows too. You need to be able to learn new things in order to keep up with modern times and carry your business into the future with you.


Can you except when things go wrong?


Things are bound to go a little wrong once in a while, we’re only human after all but it’s how you deal with those problems that will really put you to the test.  Are you really prepared to except ‘the customer is always right?’

Can you except if your business isn’t going too well, are you able to problem solve to find ways to make it better, rather than giving up?


Are you content with your own company?


If you’re not planning on taking on lots of staff then being self employed can sometimes become quite lonely and being self motivated becomes a little bit harder.

If you are one of them people that is often quite content in their own company then you probably wouldn’t find this too much of a problem.


Do you have support?


No matter who you are, you are likely to need some support at one time or another, whether it be business, family or emotional support. Do you have the right sort of encouragement around you?

Not only support from other people will be needed but it’s also important to be able to support your self emotionally. Do you know when it’s time to take five minutes away from it and have a breather, do you believe in yourself enough to make this happen?


Are your finances in order?


A huge number of businesses fail in their first year of start up simply because their finances are not in order. Are you able to do you own book keeping or afford to hire someone else to take care of that for you?

Have you taken into consideration that your business may well run into some unexpected expenses along the way? It would be helpful if you have a little bit of extra money put aside in case that happens and to ensure that you can still support yourself and your family if times get difficult.


Stop thinking and start doing?


Probably one of the hardest things you will find to do, is being able to switch off from your business and you’ll be tempted to work around the clock. Remember all the reasons why you wanted to work for yourself and that life must still go on outside of your work hours too.

When starting up in running your own business, preparation is key to making it successful, but also knowing when it’s time to ‘stop thinking about it and start doing it’, is as well.  Often if you think about something too much then it becomes really easy to talk yourself out of it, so if you have everything in order and your sure you can do it then what are you waiting for? Life waits for no one!


Quotes


“If you find a job you love, you will never work again” - Winston Churchill

“I never worked a day in my life. It's not work when you love what you're doing” - David Shakarian

“We work to become, not to acquire” - Elbert Hubbard


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    • Victoria Stephens profile image
      Author

      Victoria Stephens 5 years ago from London

      Hi EuroNinila, wish my thoughts were that organised in my head as well, they only seem to make sense when I write it all down,lol. Thanks for your comment.x

    • EuroNinila profile image

      Fotinoula Gypsyy 5 years ago from NYC BABY

      Very nice article, I like how you organized your thoughts so well and awesome quotes too! Thanks for sharing! Voted up and useful:)

    • Victoria Stephens profile image
      Author

      Victoria Stephens 6 years ago from London

      Thanks PR Morgan,

      It's true. It takes a lot to start up a business but even more to keep it going.

      Take care.xxx

    • Victoria Stephens profile image
      Author

      Victoria Stephens 6 years ago from London

      Thanks Ekenzy.x

    • PR Morgan profile image

      PR Morgan 6 years ago from Sarasota Florida

      Nice piece! You bring some very valid points. Many people try to start a business for the wrong reasons or they don't have the gumption to see it through...voted up!

    • ekenzy profile image

      ekenzy 6 years ago

      nice hub, being self is being wealthy

    • Victoria Stephens profile image
      Author

      Victoria Stephens 6 years ago from London

      Hi AngelaKaelin,

      Sounds like very good advice to me! It certainly makes all the difference if people are positive and supportive of what you do.

      Thank you for leaving some thoughts, best wishes.xxx

    • AngelaKaelin profile image

      AngelaKaelin 6 years ago from New York

      Great job! My advice: Get rid of the negative people in your life if you want to succeed. Cut them loose. Don't answer their calls. You can't afford to be around such people when you're trying to make it working from home or being in any way self-employed.

    • Victoria Stephens profile image
      Author

      Victoria Stephens 6 years ago from London

      Thanks Pixienot, It's always nice to know what to consider before jumping into things.xxx

    • Pixienot profile image

      Pixienot 6 years ago from Clarksville, Indiana

      Great job, Victoria! A complete list of things to know about before starting your own business. Thank you.

      voted up and useful!

    • Victoria Stephens profile image
      Author

      Victoria Stephens 6 years ago from London

      Thanks Kephrira,

      I totally agree that it is a good idea to be able to rethink things, as our first answers are not always the right ones.

      Best wishes.xxx

    • kephrira profile image

      kephrira 6 years ago from Birmingham

      I willingness to learn and to rethink and persevere rather than giving up are definitely the most important things for being self employed or starting a business. Great hub by the way.