Posted by: garispang | May 4, 2009

The Joy of Self Employment!

joy-300x214Let’s face it. Who doesn’t want to be his own boss? Who doesn’t fancy the thought of writing his own paycheck? We all do, don’t we?

Self-entrepreneurship appeals to anyone. It is the ultimate dream for many people. You and I love the thought of being our own boss, setting our own hours, and watching the dream of owning our own business become a reality. The fact is not everybody wants to work for somebody else. No one wants to live from paycheck to paycheck. However, self-entrepreneurship isn’t necessarily made up for everyone. The rewards can be really satisfying but the road to it may be a long and bumpy journey. If you are thinking and considering starting your own business, you have to do some serious thinking and planning.

Ask yourself if you have what it takes to run your own business. Do you have a business plan? Are you a risk-taker? Do you communicate well with others? These are just some of questions, among hundreds of others, you need to self-examine yourself. The rush of excitement must be tempered by the necessary cost of time, money and effort in properly setting yourself up independently.

Money
If the financial independence to become your own boss appeals to you then you will need to weigh the opportunity cost before you release yourself from your current employment. Suffice to say, it’s advisable to keep your regular employment as your financial security before you roll up your sleeves and jump in. The last thing you need is to let the burden of financial worry cloud your judgement.

Time
Money aside, it’s important to recognize the time it takes to become self-employed. If you have other obligations; family, job, social etc. then you will have to consider if you can sacrifice and devote the time needed to get your business off the ground. The hours can be painfully long but none of this should be carried out at the expense of your quality time with your loved ones, family and friends. The key is to find the right balance between work and personal commitment.

Effort
Having discussed both money and time, you must also recognize that there are much more efforts required before a business can be profitable. As in most business new startups, you will come to the point when you are working your hardest and doing everything your business requires but still you are not seeing any monetary results, or at the very least a very meager one, and that’s where you’ll hit a psychological wall. Do not falter! This is where truly entrepreneurial individuals see an obstacle as an opportunities. This is the time when your passion is taken to the crudest test. Just remember that the bend in the road is not the end of the road unless you refuse to take the turn.

Passion
Keeping your head in a time of difficulty is not always easy, but it does get easier if you are passionate in what you do. Passion will see you through it and overcome any perceived barriers. It will certainly keep you going and ultimately become very successful. Along with passion comes perseverance that will allow you to see the sweet fruits of your labor and prove to yourself and others that the joy of being your own boss far outweighs the initial pain of becoming one. To sum it up, the ultimate reason of self employment is the fact that you get a chance to be your own boss and be in charge of what to do, when to do it and how to do it. However, the road leading to it can be pretty rough but with passion and careful planning, the possibility is endless.

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