Self-Employment Careers: Are They Attractive Options?
How does being your own boss sound to you? What about owning your own business? What about freelancing; is it the right fit for you?
If the idea of self-employment appeals to you, trust us when we say, "You're not alone." New research shows that 44 million workers—or 28.2%—were self-employed during a given week in 2019.
This promising stat shows that self-employment is a viable career option for many!
Before diving headfirst into the job pool's self-employment end, let's consider a few of the pros and cons of pivoting into this arena.
Some common concerns shared by individuals looking to become self-employed are entirely valid. With about half of new businesses disappearing in their first five years, it's no wonder people are on the fence about going it alone. Additional concerns include the loss of health benefits from present employers – an essential factor to consider in the current climate.
Even with such serious considerations, the advantages of business ownership can outweigh the risks. When you become self-employed:
You are your own boss.
Your hard work directly benefits you, rather than someone else.
Your earning potential is expanded.
Running a business can be exciting, challenging, and fulfilling.
Ready to explore self-employment options and resources further? Visit the CareeryKey.org Resources page, where you'll find our articles and entrepreneur test designed to determine if an independent track is right for you.
We also encourage you to invest in some reading materials–found on the Resources page–that focus on the finances and start-up activities needed to run your own business.