In the past, people used to think that working for a company was secure and sensible, and that self-employment was risky.
However, there are many disadvantages to traditional employment – that can be overcome if you start your own business.
The best way to start your own business is part-time, what is known as the ‘side hustle.’ You can then easily develop things into a full-time business, while also minimising the risks and ensuring both enjoyment and financial rewards are realised.
With employment, many people just put up with the negatives but not realising there are alternatives:
Job security – as someone who has been through a downsizing and a role being made redundant, I understand how quickly things can change – no matter how long you have been with an employer.
Commuting – remember many small businesses can be run from a laptop at a location to suit you, without any commuting.
Long hours – when you work for yourself, the hours you put in are all rewarded. Sadly, I have seen employers pay people for 40 hours when they are actually working 55 hours a week. – you wouldn’t be able to get a 27% discount on many things you buy yourself, so why should an employer get such a discount from you?
Depending on your profession and role, there might indeed be certain situations where unpaid overtime will get you ahead and is required to do so, but if you are just doing it every day with no hope of advancement then perhaps running your own business is the best future for you – both for your wealth and your health?