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5 Proven Facts About Being Self-Employed

For many aspiring entrepreneurs, leaving aside the security and predictability of a regular job and a steady salary is a daunting prospect. Indeed, many outstanding, successful ideas are stifled by the dread of being self-employed. There’s no doubting that being self-employed has its drawbacks, and that not everyone is equipped to run a successful company. However, if you have a brilliant concept and are persistent, determined, and resourceful, being self-employed can provide a lifestyle that you would never have had as an employee. The following is a list of ten of the most significant advantages of breaking out of your comfort zone and working for yourself.

Here are 5 benefits of self employment

1. You are in charge of your life

Many entrepreneurs are the type of people that like to take control and make decisions. You have the opportunity to make decisions that affect the present and future for yourself and your family as a self-employed business owner. Your fate is entirely in your control. However, as an employee, your financial well-being is inextricably related to the success of your company

2. You have complete control over your working hours.

When you work as a self-employed person, you get to select when you work. You can start as early or as late as you desire, rather than being bound by a schedule. Although this invariably affords much-desired flexibility, the self-employed entrepreneur must be disciplined to maintain a successful business. Balancing work and family life can be challenging, but having your own business allows you to take time off when you need it. A well-run firm delivers numerous lifestyle benefits that you just don’t receive as an employee, as long as you’re realistic and don’t give yourself too many vacations.

3. You have the option to pursue your interest.

If it’s all about the money, don’t bother. Money is rarely the driving force behind the most successful business entrepreneurs. They almost always adore their product or service, or they simply like the process of starting a business. They want to improve, reduce, or simplify things. Being self-employed allows you to break free from the shackles of a job you despise and transform your hobbies into a business.

4. You have the opportunity to assist others.

One of the primary advantages of being self-employed and owning a business is the ability to assist others. Even a modest local business contributes to the community by producing jobs and providing support. Perhaps you’d want to start a programme that promotes children’s education? Or do you want to start a service that helps local families? Owning a business can assist you in achieving these objectives.

5. You are rewarded with a sense of accomplishment.

What if you didn’t take that step in the first place? What if you allowed your fear of failure keep you mediocre for the rest of your life? If you want to start your own business and make a difference, nothing should stand in your way. Any transient anxieties or setbacks are overshadowed by the lessons you gain and the sheer sense of self-fulfillment. It’s a trip well worth taking. When you initially start working for yourself, you may simply desire a break from the corporate world or more autonomy than you can get working for someone else. You’re building a long-term company as your firm expands. You may enlist the support of other family members to expand the firm. If you have children, you may be able to pass the family business down to them when you retire. Starting a small business can leave you with a lasting legacy.

Surejobz is a multi-skill freelance & self-employed job marketplace that assists you in finding the perfect self-employment online and offline. Our goal is to provide a source of income for skilled people while also encouraging others who lack skills to learn them.

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Gig Economy: The Future Of Work

The way people live, work, and spend money has changed considerably in the last decade, particularly since the introduction of smartphone technology. Being hyper-connected through social media has expanded communication and offered up new methods to earn and spend money – picking up a “gig” (or a temporary work engagement) online is as simple as making dinner plans or finding a date.

The so-called “gig economy” is changing how individuals think about and do work, and countries must be ready to adapt with new regulations and initiatives.

What is Gig Economy?
The gig economy is made up of three main components: independent workers who are paid by the gig (i.e., a task or a project) rather than by a salary or hourly wage; consumers who require a specific service, such as a ride to their next destination or a specific item delivered; and companies that connect the worker and the consumer in a direct manner, such as app-based companies.

According to research the gig economy is not a new concept, but it has grown significantly in the last decade. The gig economy’s share of the US workforce increased from 10.1 percent in 2005 to 15.8 percent in 2015.

Who is Part of the New Gig Economy?

1. TECHNOLOGY PLATFORM COMPANIES

Technology platform firms have been a major driver of the gig economy’s growth. According to research there are some firms like Uber, Lyft, Airbnb, Etsy, TaskRabbit, Surejobz App and other technology platforms fall under this category.

There are a few things that these platform companies have in common:

  • Facilitate direct consumer-to-producer transactions.
  • Work schedules that are flexible for gig workers.
  • Platforms take a cut from online payments.
  • Producer and consumer profiles and reviews are available online.

2. GIG WORKERS

Providers of labour

  • Drivers, handymen, Digital marketers, developers and delivery men, for example.

Lower-income and less-educated / higher-income and highly-educated employees who rely on gig work as their sole source of income, frequently due to a lack of other employment options.

  • Suppliers of goods

Artists, craftspeople, and clothes retailers, for example.

Workers with a medium salary and decent education who do not rely on their gig work income since they have another full-time job; their gig work is usually supplemental revenue.

The Rise Of The GIG Economy

People are increasingly resorting to the gig economy to supplement their income or even make a living. But where did this rapid expansion originate from? A number of reasons contributed to the gig economy’s accessibility. Let’s have a look at the primary reasons behind the rise of the gig economy.

Digital technologies are advancing at a breakneck pace.

A gig worker can work from anywhere in the world thanks to the internet. Whether you’re a freelance illustrator seeking for an author or an agency looking for an SEO specialist to help with a huge project, physical geography is no longer an issue in finding the ideal people to collaborate with.

Furthermore, cutting-edge technology has resulted in the development of digital, generally app-based, gig economy platforms that connect consumers with workers directly. Consider Uber, which connects drivers with people who need rides, Airbnb, which matches hosts with people who are seeking for a place to stay or Surejobz App that connects online and offline freelance service sellers to buyers.

Surejobz App is a firm believer in the freelance world’s power and prospects. We’re here to help the gig economy thrive. We want to provide all of you freelancers (and wannabe freelancers) with knowledge and resources to help you become recognised and earn the gigs you need to succeed financially. You are welcome to contact us for assistance and tips. We’re here to help!