Being self-employed is a dream come true for most of us. You finally have no boss to answer to; you can make your own decisions; have a flexible work schedule, and are most likely doing something you love. However, it is not as easy as it sounds.
Working as a self-employed individual comes with several disadvantages and can be quite hard.
If you are thinking about quitting your regular job and starting your own business, it is best if you get into it knowing the challenges to expect. Here are a few;
You are your own boss, but not really
So, you have no boss hovering over your shoulder demanding that tasks be done? Well, now there are more people you have obligations to. When providing a product or service, anyone who writes you the check becomes your boss for that moment. The clients are in charge. They expect you to get the work done by their set deadlines. Since you are working with different clients, it can be overwhelming to service all their needs. To regain control and make work easier while self-employed, try these tips;
- Develop your organizational skills
- Learn to prioritize
- Learn how to say no
- Automate where you can
- Hire more people and delegate tasks
As a regular employee, you can always expect a paycheck every end of the month and already know how much to expect. This is not the case when you are self-employed. When starting out you might earn so little that you might end up questioning your decision to be self-employed. However, don’t give up. It can take time for your new business to be successful, hence your income might not be regular. Some ways to grow your business and make a more steady income include;
- Requesting for referrals from clients you have served to increase your client base.
- Offering discounts and incentives
- Keeping in touch with your old customers
- Continuing to learning new skills and experience