The pros and cons of self employment

Thinking about the future after graduation may be considered as one of the most challenging part of life. For most students, there is the big question: I work for a company and be a follower of a boss, or I'll be my boss? This was a matter of young professionals, first and up to date.

With the hectic world that are experiencing today, there is a predilection for people to change their style of work, as most wanted to put their activities in order to avoid the traditional master-slave set-up. With the use of technologies like the Internet, an ordinary person can start earning money from home a lot of money in a single click in front of his PC.

Self-employment is a growing trend in most countries today. By definition, means that a person works on his own without any outside employer. He or she does not need to report to a superior, or subjected to follow orders at year-end evaluation. In other words, he or she is a freelancer. A freelancer is someone who controls his type of work, time, energy and money.

There are a number of advantages to be autonomous.

1. The personal freedom. One of the interesting facts to be your leader is in control of everything. But, be careful to make choices and decisions. You might fall into your traps.

2. Financial flexibility. Being free from all attachments such as legal contracts, you can opt to grab for the best, most profitable jobs easily.

However, there are also some disadvantages and costs of being independent.

1. It may be more expensive on your part with respect to benefits paid by the employer. If you are an employee in a company, the employer bears the burden of payments of basic benefits such as social security services and medical services.

2. Working from home gives you the responsibility to pay self employment taxes no. Managing your business involves doing the tasks and procedures of payment from you because they have no staff to do.

3. Retirement benefits also become the second highest cost. When you get older and lacks the strength to work, do not expect to receive severance pay.

So, which of the two types of work suits you, being an employee of a company or be your own boss? The answer to these questions is big on how you see yourself as a person's career. A number of factors must be considered in deciding to self-employment.

1. Entrepreneurial traits. The type of employment and occupation involves so much self-realization of interests, skills and abilities. Capitalize on the strengths and edit your weaknesses.

2. Financing. Put your business requires a lot of money of money. Once you have decided to become your own boss, be resourceful and creative to gain resources and multiplying.

3. Type of activity. Be clear about the nature and type of activity you are interested in. Consider location, target customers and in-demand markets.

4. Spotlights of success. Look up to the success stories of other entrepreneurs and learn from those.

5. Fees and permits. Being informed about the various obligations to ensure to put your own business establishment.

6. Plain business. It 's very essential to set clear goals and objectives of your company to be successful. Develop unique and viable business plans.

7. Support and Training. Continuous flow of knowledge and update themselves of the latest trends and news for companies is a powerful force in all the uncertainties .......