Guest Post by Anshuman Kukreti
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” –Thomas Edison
It’s all about the freedom you enjoy
Since your childhood you’ve been advised to study sincerely, get good grades, secure a job and work hard like your boss to live life comfortably. But, they didn’t tell that you’ll be spending the majority of your time working on someone else’s terms, being afraid to even take a day-off and cry relentlessly for a pay hike.
Not to speak ill of it, but amidst all this endless hustle, one starts exploring other avenues as well!
So, what is the plan B going on in your mind?
The discussion to follow will walk you through some significant reasons to consider being self-employed rather than working under someone else. Simply put, why self-employment is awesome!
The Best Everything About Being Self-Employed
- Be Your Own Boss
The feeling all of us dreamt of, since ever. Who doesn’t want to escape the rat-race and live life on his/her own terms! That is exactly what happens, as soon as you’re in a work arena owned by you.
When you’re self-employed, you no longer have that somebody constantly nagging over your head and governing every move you make. It is you who’ll control how things are to be done. Nobody but you will define the norms, the regulations and the order to go about the work.
- Earnings Increase and the Expenditure Decreases
Sources suggest that freelancers earn nearly 45% more than what the ‘conventionally-employed’ crowd does. Moreover, they have all the room to cut-down certain business expenses which a run-of-the-mill employee can’t.
Being self-employed, the salary cap is lifted and your income directly depends on your productivity.
Likewise, working on your own brand, you cut down a lot of your expenses to a minimum. Right from the location of work to the mode of commutation, you are the master to make all decisions. Hence, it’s in your hands, how much you want to save.
- The Tax Advantages You Have
Being self-employed paves the way for numerous tax deductions. Taking due advantage of these depends on how accurately you keep your records maintained during a tax year.
You can include a variety of expenses, like the square foot area of your home office, supplies for the business, premiums for health insurance, internet bills, meals and travel related to your business/work. You might need to get well-acquainted to an accountant or tax professional to stay updated regarding information on the tax deductions available.
- The Flexibility That Comes With It
Employees often suffer from the daunting experience of not being able to choose their work-hours, be it any company they work in. The recruiting manager establishes a work schedule, adherence to which is strictly demanded. Being self-employed gives you all the freedom to work when it suits you. You can set a schedule that allows you to work with the highest efficiency. For instance, if you have school-age children, you may delay work until they leave and resume it around noon.
- You Choose Your Own Workplace
If it suits you, you can rent an office space to run your business. But if you have sufficient space at home, self-employment gives you the option of working from there as well. You can designate a spare room or convert some free area into your office space quite easily. The biggest perk that comes with this kind of an arrangement is the fact that you don’t have to rush to work every morning. In addition to this, you’ll have all the resources readily available at your disposal, whenever you need them.
- You Choose the People You Work With
Whilst working as an employee, you might have been forced into serving people you don’t feel are worth it or a carry an unpleasant personality with themselves. Whether it was a disheveled couple with crying babies or the old man who used to yell at you incessantly, you had to help them, because that was your duty as an employee.
But not anymore! If a client gets angry or yells at you know, it’s probably because you chose the wrong one. You’re the one in charge to choose who you provide your services to.
Seriously, being self-employed has its own perks and advantages. The sooner you realize, more are the chances of you making it through. So, tighten your belts and get all set to give a best shot at whatever you like. Surely, you’ll do a great job.
Author: Anshuman Kukreti is a professional writer and a keen follower of the global job market currently working for Naukrigulf.com. An engineer by qualification and an artist at heart, he writes on various topics relating to employment across the globe. Reach him @ LinkedIn, Twitter and Google+.
Image Credit: jessicachivers.com