The Maverick Entrepreneur™ Series





 

The Pros and Cons of Working for Yourself
by Contributing Expert Author April May

Working for yourself isn’t all pluses. Sometimes there are huge minuses. It’s up to you to determine whether the pluses outweigh the minuses. But, it’s good for you to know in advance what the pros and cons of working for yourself are so that you can be realistic about what you’re getting yourself into.

Pros:

* No More Living by the Clock – If you arrange your business right you can wake up naturally without an alarm forcing you to get up when your body isn’t ready. You can also go to bed when you want to as well. It’s freedom not to always live by the clock.

* No More Traffic Jams – One of the best perks is not having to be caught in a traffic jam during rush hour when you need to pee. You won’t have to do that anymore and it will be a relief, most especially on bad weather days when everyone else has to trudge through the snow or the heat wave.

* Fewer Work-Related Interruptions – Office chatter can get overwhelming at times and it can be difficult to get work done due to it. Not to mention office meetings. Be honest, did you ever really get work done due to a meeting? During the meeting, you’re thinking about how you could be getting work done right now instead of talking about it.

* You Really Can Work in Your PJs – Oh yes you can. You can wear PJs, yoga pants, or a moo-moo; no one cares. You can even get inspired right out of the shower and work naked if you want to. It’s your business and your house.

* A Flexible Schedule – If you have a parent-teacher meeting you don’t have to ask permission to go. If you want to get your hair done, go for it. Whatever you want to do during the day is up to you as long as you find time to also get your work done so you can get paid. Your schedule is your own.

* You Can Eat Healthier – Going out to work often causes everyone to eat out for lunch five days a week. That can not only be super expensive, but it is also very unhealthy for everyone to do it. Now you can prepare healthy lunches for yourself or eat leftovers from dinner the night before. Save money, and save your life.

* Higher Income – Between the Income Tax deductions you get by working from home, gas, and clothing expense savings, eating at home, reduced or no childcare costs, and etc. you can net higher income with less earnings. Reduced expenses really do matter.

Cons:

* Work and Home Life Often Collide – Due to the lack of regimen, and no clear delineation of work versus time off, you’ll find yourself working odd hours to accommodate the needs of your family; thus feeling as if you never have a day off.

* You’ll Do a Lot of Work for Free – Much of the work you do for your business is not billable, therefore it may feel like free work until you start making a profit. It can be hard to push yourself to do things that aren’t producing income right now, but you must push through this mental pain barrier so that you can keep your business running smoothly.

* Family & Friends may ask you to do favors unrelated to your work – They often feel you’re not doing anything important and since you don’t have a real job, you have all the free time in the world. They will start to depend on you being there for them for everything.

They’ll ask you to do their chores like watching their sick kid so they can go to work since they have real jobs. Your spouse and children may stop helping out around the house as much since you’re there anyway. It never ends.

You MUST enforce your work at home position, establishing the fact you do have income producing self-employment even if you work from home, and they MUST respect this.

* You Might Crave Getting Out of the House – Sometimes, when you go out, as when you’re on your way home, you’ll get the distinct feeling you’re coming from, or going to jail. You will want to do anything but go home, even grocery shop.

If you get across to family and friends that you will not allow them to bother you during your working hours and hold to your convictions in this matter, you might weather the storm of dissatisfaction that can be caused by these work from home pressures.

* Many Things Can Distract You – Without supervision, even the most studious and organized individual can go off the rails due to the internet, television, and stuff that is around to distract you from work. It’s up to you and only you to set up a good working schedule to help you avoid this. And do whatever it takes to avoid work-related burn-out.

Find That Delicate Balance

Working from home offers many benefits and even a few drawbacks. It’s up to you to determine if you have the personality for it.

You’ll need to rein in family and friends who want to take advantage of you, as well as yourself, to stay on track for creating a healthy and profitable home business. You’ve likely heard, some people become their own worst enemies relative to achieving business success.

This can be the result of under-education in business operation needs, lack of self-discipline, failure to control outside distractions and influences. failure to keep up with current technology, or just plain laziness.

The secret to success is simple – Like Elvis had written on the outside of his airplane, “Take care of business.” Learn to master balance in your life, embracing moderation, reasonableness, and humility, respecting everyone, but still managing your personal life your way.

If you are interested in additional information as outlined in this article, need assistance in applying this information, or just want more resources, contact us for FREE (no obligation) and we will do our best to accommodate you. 

CLICK HERE for the “ASK MAVERICK” form to contact us with your questions.