Becoming self-employed is a risky move. For some, the switch from being employed to self-employed is the perfect decision to make. With the freedom and flexibility to work when they want, it leaves them with more time to spend with their family.
But what are the best benefits of being self-employed? And are there any cons that come along with it? Well, we teamed up with On The Tools to ask those in the trade what was the best (and worst) things about being self-employed.
3. At number three, as one of the top benefits of being self-employed was job satisfaction. Tradespeople described that it was one of the best feelings to see the smile on a customer’s face after work was completed. Being able to take pride in your work was described by tradespeople as being one of the best things about being self-employed.
However, they also warned that one of the biggest cons that came alongside this was the excess paperwork. Working for no one but yourself, of course, results in a lot more paperwork to handle. And, despite flexible working hours, this could result in having to dedicate more time at home to complete the necessary paperwork.
2. At number two, tradespeople stated that another major benefit of being self-employed was the potential to earn more money. Not restricted by a salary given by an employer, tradespeople can charge what they think is suitable, whilst earning themselves a healthy profit. If you’re fully booked up and have got work coming in left right and centre, you could end up making a killing!
Continue reading the full article to find out tradespeople’s number one benefits to being self-employed. What are your thoughts? Are you self-employed and do your pros and cons match this research?