Many people dream of self-employment but hesitate over a variety of concerns. However, the majority of these concerns are unfounded. There are a few risks inherent to working for yourself, but the risks are often worth the reward. The potential for higher income and more flexible hours is enough to warrant a second look.
Joel Devidal, uses his experience as a founder and CEO in the online marketing and internet retail industries to advise young entrepreneurs on how to find their way in the business world.
Below, Mr. Devidal weighs in on 6 myths regarding self-employment:
- Self-employment requires long hours. Self-employment can require long hours. This is most often true during the early stages of a new business. It depends on the type of business and the hours you have available, though. With the right idea, it’s possible to generate sales while you are away from work, outside of business hours.
- Self-employment is riskier than a regular job. Self-employment can be less certain. A “regular job” isn’t certain, either. The market is continuously changing. General Electric was recently one of the most successful companies in the world, and now it is declining. How many people have lost their jobs due to market changes or advances in technology? A normal position can be taken away in an instant. Self-employment, on the other hand, can provide multiple streams of income. An individual client or customer may be lost on occasion, but there are others still providing income. A job is analogous to putting all of one’s eggs in a single basket.
- Self-employment is stressful. A successful self-employed person is less stressed than the average worker. Working an unenjoyable job for an unlikable boss is quite stressful, too.
- Self-employment is lonely. Self-employment is flexible. Depending on the business, the option to keep to oneself is there. However, the option to have a full social life is also present. There may be even more opportunities to meet new people. A flexible schedule can provide more opportunities to spend time with friends and family.
- Self-employment requires doing all the work yourself. It might be the business owner’s responsibility, but that doesn’t mean he or she has to do everything. There are plenty of people looking for work. Self-employment doesn’t have to be “solo-employment.”
- A business requires a lot of capital to start. Does it? A domain name and hosting service can be purchased for less than $100 per year. There are free options for marketing a business online. Some companies do require a lot of money to start, but there are other options available to anyone committed to the idea of self-employment.
There will always be naysayers attempting to justify their decision to maintain the status quo. These common myths are just a few examples of the cautions a fledgling business owner is likely to hear. The truth is that life consists of risk. Driving a car is quite risky, yet millions of people around the world do it each day with little concern. The advantages of self-employment can be worth the risk it brings. Life is short. Everyone is obligated to make the most of it.
About Joel Devidal:
Joel Devidal has over 30 years of experience working in business. Joel has used his vision to create innovative products and serve as CEO to companies in the IT and online retail space.
Joel also enjoys mentoring young entrepreneurs and helping them find their footing in the business world. When he’s not working, you can find him playing golf or spending time with his friends.
Joel Devidal around the web: