Working for yourself is the American dream. Many employees have dreamed of being their own employer, and it has many advantages, but there are a few downsides to it too. Advantages of working for yourself are that you are accountable to yourself. Your destiny is in your own hands, as well as your financial future. You identify how much work you do, when you go to work, when you stop for the day, when you take a vacation, the length of time the lunch break will be, and if you really wish to bear with a discontented customer.
Business is in your hands and you choose. Rather of griping about the bad marketing campaign that corporate created, you select a marketing campaign yourself. Drawbacks of working for yourself are really the like the advantages. You choose when you go to work, when you give up for the day, when you take a holiday, and just how much you will make.
All the while knowing, if you are a small business, that if you are gone the business is either not open, or if you have employees, that they are not being supervised by the person who cares the most about the business—you.
You have to make all of the decisions regarding health insurance, benefits, marketing, bookkeeping, management, and customer service. Owning and operating a business is a tremendous responsibility and not everyone is ready for or capable of handing the stress or the commitment.
Still, if you are one of those unique individuals with the spirit of an entrepreneur, then being in business for yourself is the only way to live.
Many people in fact simply can’t imagine another way to live. Some people in this world are sheep, following others blindly. Others are shepherds, preferring to lead. Pathfinders who make their own way. If you are an entrepreneur, you are one of the shepherds and will only be happy in business for yourself.