If you’re tired of working the routine nine to five, you may be looking for alternative career options that will better suit your needs and preferences. Self-employment could be the answer to all of your problems! So, how can you determine if this is the right career path for you or not? Here are a few areas to focus on to find out.
Is Self-Employment Right for You?
There are definite enviable perks that come hand in hand with self-employment. The first is being your own boss. You don’t have to answer to anyone, you can decide what your position entails, you get to choose what hours you’re going to work each week and you will also be able to put a value on your own work by coming up with your own pricing and price plans. This can really liberate you from the standard nine to five working routine. It also gives you increased control over your work. However, there are also factors of self-employment that may make employed life look a little easier. When you’re employed, you get to take paid holiday leave, paid parental leave and paid sick leave. In self-employment, you have to count on savings to tide yourself through these periods of your life. You may also find yourself working longer hours in self-employment to keep your business up and running and profitable. Make sure you weigh up the pros and cons of self-employment before diving straight in. If you find that this lifestyle does suit you and is desirable, it’s time to start considering the next steps towards making it a reality!
Registering as Self-Employed
To be self-employed, you’ll have to register as self-employed. This gives the government an idea that you are in charge of earning your own money and that you aren’t going to be receiving money from an employed position. They will then be able to send you the relevant tax forms.
Preparing for Taxes
Unless you want to sort and file all of your taxes yourself, you’re going to have to start looking for a reliable accountant who will be able to do your taxes on your behalf. This will make sure that you pay the right sum and that everything is done properly.
Creating a Business Address
To run your own business or operate as a business, you’ll need a business address. Many self-employed individuals will use their own personal address. But it’s important to know that this information will then be publicly available. If you want to protect your privacy, consider investing in an online virtual mailbox for postal mail.
Once you’re set-up, you’ll have to start finding clients. The more clients you have, the more reliable a source of income you’ll have. So, get networking and building good relations!
These are just a few steps you’ll have to undertake on your journey to becoming self-employed and successful in this working routine. Hopefully, they’ll help you out if you decide that this is a path you want to take!