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How To Be Successful with Self-Employment

posted 16 Oct 2010, 06:36 by Sam Mbale   [ updated 16 Oct 2010, 06:37 ]

If you trudge off to work each morning, dreading the hours
ahead of you as if you have been sentenced to prison, opting
for self-employment may be your only option to true
happiness. Many people dream of self-employment, but they
lack the courage to step out on their own. Some people make
the leap, but they do so without the right plans and
preparations, and they soon find themselves faltering. If
your workday feels like a prison sentence and you have the
skills, talents and self-discipline needed for working on
your own, it may be time to make the change. Remember, you
need to do a lot of things in order to be successful. You
need to understand you will not be entitled to group

benefits from a company. You will need to secure your own no
exam life insurance or no medical term life policies. The
same is true for health options so you have doctor and
emergency coverage. This is one expense you will now need to
budget for out of your income.

In addition to coverage, you should understand you will no
longer be paid for vacations. When you work for a company,
you earn time off and the company rewards you with pay for
your hard work. When you are self-employed, if you do not
work, you do not earn any money. You may be able to
structure your work in a way that enables you to still earn
even when you are not actively working, but this requires
effort. You will no longer be accumulating paid time when
you truly get to leave your responsibilities behind.

If you decide to work from home, you will need to have a
space that is dedicated to working. Even if this is not an
entire office, you still need a place that is free of
distractions and can be organized in an efficient manner. Be
sure you have all of the supplies you need, as well as a
computer, printer, phone and fax. Also make sure you
surround yourself with things you enjoy seeing. Just like
you would put a picture of your family on your desk at an
office, do so in your home office, to remind you of a few of
the reasons you are working so hard.

Even if you have a spaced dedicated to working, you may
still have a hard time focusing on work. If you are working
from home and you are not alone, especially if you are
looking after children, you may experience interruptions. Do
your best to plan your workday around expected distractions.
If you know your children or spouse will need you during
certain times of the day, adjust your work schedule to fit
around your family's needs. Keep in mind flexibility is one
of the main reasons you chose self-employment in the first

The most important thing to remember if you are planning to
enjoy the benefits of self-employment is that you must be
motivated. You must truly want the rewards of
self-employment in order to make the sacrifices. Being
self-employed may seem like a dream come true, but it takes
a lot of hard work.

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