The Problems Associated With Being Self Employed

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The dream of being successfully self-employed is quite possibly innate to
anyone who is employed. The idea of having the artistic freedom necessary to
create winning marketing campaigns is probably one of the most often cited
reasons why an employee would much rather prefer to be their own boss.
Another reason is the fact that the relationship between employer and
employee has broken down at some level and the employee realizes that
certain needs have not been met and most certainly will remain unmet while
in the employment of the company. Yet self employment itself is a bit of a
double edged sword and not everyone is cut out for this mode of earning a
living. If you are contemplating this step so as to work from home and throw
off the shackles that corporate employment has become to you, think long and
hard if you are truly ready.

There are a set of problems associated with being self employed, and perhaps
the biggest obstacle a novice faces is his or her own self. Having a dream
is easy; yet making this dream a reality demands a certain level of self
discipline. Some personality types are not able to transit from reporting to
a boss to reporting to no one yet remaining just as driven. Additionally,
some personality types that benefited from the buffer the employer presented
when it came to relationships with clients or customers, will sorely find
their patience tested when a new client harshly criticizes the marketing
strategy you present to them. Especially if you are in an artistic field,
some of these criticisms could feel like personal attacks or even personal
rejection, making this form of employment almost harder than working for
someone else.

The second problem you will face is the question as to who will bankroll
your endeavor. After all, it is not enough to have a great idea. You
probably also have bills, a family to feed, and if nothing else the daily
needs that have to be fulfilled. The number one challenge associated with
this step is the fact that many a newbie will use credit cards to get set
up. Yet the problems do not end there. How much liquidity you have at the
onset will also determine your overall success since it dictates whether or
not you can live with the fact that one client is taking an extraordinary
long period of time to finally pay you. If one or maybe even more slow
clients spell financial trouble to such an extent that you have to touch
your retirement savings or home equity, you might not yet be ready for self
employment. It is important to begin being your own boss from a position of
strength, not weakness.

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