It is not enough to say you want to be self employed. You need to understand the nitty-gritty of aspiration in order to be successful in it.
Self employ is all about working for your self or establishing your own business as opposed to white collar job.
Experts believe you can do well as a self employed person if you market yourself well. No matter what field you work in, you will need to market yourself so that you can attract new clients and build a solid customer base.
Miriam Caldwell, personal finance specialists said it is important to carefully consider your current financial obligations, and your personality type before you go into business for yourself. If you do not consider yourself someone who is self-motivated or someone that is driven to achieve goals, then opening your own business or working as an independent contractor may not be the best option for you. Additionally, if you have a hard time reaching out and making contacts with new people, running your business may not be the best option.
Another important thing to consider is the additional financial risk you are taking on when you work for yourself. You will not qualify for unemployment if a contract ends or if you lose customers to a poor economy. You will be entirely responsible for planning your retirement. You will also need to cover your own health insurance. If you are on vacation, you will not be earning money and so you need to budget and plan around this.
However, if you like the idea of working for yourself or the idea of having flexible schedule with hours you set, you may be a great match for working for yourself or as an independent contractor with a company. You will have more flexibility, which can lead you to explore other options that you may enjoy more. It will take work, and you may want to slowly build into working for yourself, but many people find it very fulfilling.
HOPE MOSES-ASHIKE
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