The Sacrifices and Advantages to Self Employment?

1 Answer

Answer :

Today, many young professionals who have grown tired of the nine to five mentality are seeking opportunities in self employment. Although some sacrifices are necessary, there are a lot of advantages to being self employed. The road to self employment is often not easy and requires strategic planning on the part of the young entrepeneur. Having a part-time job while pursuing self employment opportunities is recommended for financial stability until able to sustain a sufficient income. While it is a good idea to have a financial safety net such as a healthy savings to account for business and living expenses, a lot of self starters like to get part-time work that falls in line with their individual interests and talents. Self starters and entrepeneurs enjoy many perks of starting their own company. No longer will they have to worry about punching a time clock before and after each shift or have to answer to an overbearing boss. The only person they have to answer to is themselves and they determine how much income they can make. Although there are numerous advantages to being an entrepeneur, there are some initial sacrifices made to become successful. Whatever the business venture, you can count on working three times harder and receiving a third of the pay that a regular job would offer. Making contacts, getting your company name and logo out, gathering supplies, and product preparation are just some of the necessary tasks that will occupy an entrepeneur's time and energy as he or she pursues later financial independence. There are a variety of opportunities for ambitious young professionals who want to pursue self employment. The key to becoming successful is first choosing a career path that you can enjoy doing. The money will come to those who are passionate about their interests. The journey to financial independence is laced with obstacles and hard work. Many who have become successful in their business venture will say that the idea of being in charge of their financial destiny far outweighs the petty sacrifices. With hard work, people skills, and some creativity you can be on the road to total financial freedom.

Related questions

Description : What do you think about the sacrifices parents make when they probably had their children for selfish reasons anyway?

Last Answer : answer: ...deserve some sort of special respect when they signed on for exactly that responsibility when they chose to have a child? I think this is worded kind of oddly. I don't know anyone that acts like ... it about all other things as well. Is that sort-of what you meant? If not, I'm sorry.

Description : To each and everyone of my brothers and sisters in arms... Happy Memorial Day!, Make their sacrifices worth it. How will you spend this day?

Last Answer : Hoping one day they will lay down their arms..

Description : A person who sacrifices his life for a cause -Do You Know?

Last Answer : answer:

Description : Rabindranath Tagore Sacrifices for Prisoners ?

Last Answer : Rabindranath Tagore dedicated four chapters to the prisoners in the jail.

Description : Explain in one word "who sacrifices in season" ?

Last Answer : Ritute Ritute Yajna who in one word "Ritvik".

Description : What to do if poor people can't make sacrifices ?

Last Answer : Masala: If one cannot offer the obligatory sacrifice on the day of Qurbani, then if he has not purchased the sacrificial animal, then it is obligatory to give Sadaqa the price of a goat suitable for ... was purchased , but was not sacrificed for any reason , then the animal will give charity alive .

Description : Sacrifices and hardships?

Last Answer : It is useless to bother about what others think. You sacrifices of others its your decision not others. Appreciate yourself that you made a sacrifice for them and be happy. Be thankful to god that ... for all your sacrifice. Never have an expectation from others and be happy and enjoy your life.

Description : Where did the Mayans do there human sacrifices?

Last Answer : Feel Free to Answer

Description : What did the Aztecs think would happen if they didn and rsquot perform sacrifices?

Last Answer : What is the answer ?

Description : Why did Israelites offer sacrifices?

Last Answer : Need answer

Description : What are Radio announcers rewards and sacrifices?

Last Answer : Need answer

Description : What resources, information, tips, and/or advice do you have for someone who is considering self-employment?

Last Answer : Check with your local Board of Health. It's likely that you will not be permitted to bake commercially in your home kitchen. (Not that that is never done, but if you do commercial food preparation ... , or diners that are only open for breakfast and lunch, and are closed on nights and weekends.)

Description : What should I know about "informal" self-employment?

Last Answer : answer:Start with and develop something you are really good at. Shotgunning a lot of things you are marginally good at will usually just get marginal results. Add to your repertoire as you get work/gigs and a ... really good at. One last piece of advice .do not take on a partner EVER!! Good luck.

Description : What is self-employment ?

Last Answer : Self-employment is called self-employment. To put it more clearly , self-employment is the process of earning one's own living by taking one's own or borrowed resources , using one 's own thoughts ... from it. In fact, most of the working population of a country is engaged in self-employment.

Last Answer : Self-employment To say Own Initiative Money To earn Refers to. Own Capital Or Debt To do Short Resources , own Intelligence , skill With Of work Through Money Earnings To do Who Self-employment Says.

Description : Do I need a tax identification number for self employment?

Last Answer : Check this list from the IRS. If you can answer "yes" to any of them, you need an EIN. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Do-You-Need-an-EIN%3F

Description : Self Employment Tax?

Last Answer : Self employment tax is the payment of Social Security and Medicare taxes for those having more than $400.00 of self employment income per year. The self employment tax is in addition to any ... make estimated tax payments. The estimate should be based on income tax and self employment tax together.

Description : What is the Social Security tax rate for 2011 on self-employment income?

Last Answer : The tax rate for Social security for 2011 will vary depending on what money you made. You will pay 10.4% on an income of $106,800. It may vary more depending on how much or little you made.

Description : Which of the following is least likely to be affected by trends in globalization [A] Women labour force [B] Self-employment [C] Prostitution [D] None of the above

Last Answer : [C] Prostitution

Description : Gender gap is highest in [A] Rural employment [B] Urban employment [C] Self-employment [D] All of the above

Last Answer : [C] Self-employment

Description : Which one of the following is an objective of planning in India? a. Economic growth b. Full employment c. Self reliance d. All the above

Last Answer : d. All the above

Description : To be a self-reliant economy the government need to undertakes are (a) Rapid Economic Growth (b) Increase employment (c) Improve technology (d) Above all

Last Answer : (d) Above all

Description : What are the advantages and disadvantages of wage employment?

Last Answer : The limitations of this system and the difficulty of coordinating three games proved too complicated, so the team scaled back to two games at Miyamoto's suggestion. Condensing the games into a single ... the added replay value afforded by the ability to play the games in either order was attractive

Description : Advantages of self pollination. -Biology

Last Answer : answer:

Description : What are the advantages and disadvantages of being self employed?

Last Answer : My wife and I recently started our own business. We offer Discount Dental and Health Benifits to individuals, households and businesses. I can truly say that in building our business I can see the long term ... at http://www.everyonebenefits.com/smeans. You can call us toll free at 1-877-239-7549.

Description : What are the advantages of using self inking stamps?

Last Answer : The advantages of using ink stamps is that these seals are much more pleasant for people and this detail is gained some credibility in the business either for pay stubs or other things.