Self Employment -- Can You Handle It?

Self Employment -- Can You Handle It?

Many individuals leaving employment decide to start their own company as an alternative to finding another job. While there is a significant amount of culture shock that goes with becoming your own company, one factor stands out more than the others.

When you're employed by someone else, the basic structure of your activities is established by the company for which you work. When to begin work each day and what to do while you're working is most likely in an established pattern. In contrast, the business owner frequently faces a large number of tasks which need to be accomplished with virtually no structural constraints on how to do so.

Bottom line -- self employment requires self discipline. This work environment is not a fit for everyone. Make certain that you can live with the amount of flexibility that comes with owning your own company before making a move in that direction.

- Rick Fields