Have you always dreamt of working for yourself in pursuit of following your deepest passion? I don’t want to burst your bubble, but you may want to consider reading this blog…
While being “self-employed” can be an awesome gig; setting your own schedule, deciding how much to charge for your goods or services, being able to follow your true passion, and choosing the people you get to work with (employees and/ or clients), there are also some downfalls to working for yourself. With each of these benefits, there is a consequence. Setting your own schedule can quickly turn into you having to put in extra long hours to make ends meet. Choosing what to charge for services may have you negotiating and dropping prices just to make a sale. Working long hours towards your passion can burn you out to where it’s no longer your passion. Lastly, if you’re too picky about who you choose to work with, you may end up with little to no clients or employees. In most cases, the owner of a business has to deal with managerial tasks as well as daily employee duties.
So now, ask yourself: would you rather work IN your business or ON your business?
Choosing to be an entrepreneur and strictly work on the outside of your business rather than to be an employee for your own business is the way to go. As an entrepreneur, you’re able to free up time that could be spent doing more productive things, such as actually growing your business. Working inside your business limits the productivity and ultimately, the potential income, you could be bringing in because you’re trading your time for money. Here are 5 steps to transition from self-employed to entrepreneur.