Sick and Tired of Having a Boss? The Many Benefits of Self-Employment.

Nobody has a monopoly on good ideas. ~ Kevin O'Leary Click To Tweet

It’s 6:00 AM. You hear your alarm rattling beside your bed and your body is urging you to hit the snooze button. But you realize that it’s Monday morning and that you’re minutes away from being late for the daily 9 to 5. Every day with this. It might help if you actually liked your job, but unfortunately that’s not the case.

But is there really an alternative to the whole thing? The Internet is slathered with ads espousing the endless benefits of working from home and making exorbitant amounts of money while doing so. Yet even a little digging reveals them as scams, of course. Just like always, they’re too good to be true, so off to work it is.

But, wait a minute, didn’t that co-worker of yours just leave to take up his freelancing gig full-time? And that friend on Facebook seems to be doing really well with the business they started a few years ago…

Looks like things aren’t so black and white after all. Real people are doing it. And you can too. We are now living in a time where being successfully self-employed is not only feasible, but easier than it’s ever been in history. Becoming an entrepreneur and running a small business is now something that almost anyone can do, assuming they’ve got the tenacious qualities required for long-term commitment to their line of work.

And the best part about being self-employed? Control. You decide how you want to operate. This means no hierarchy, no need to report to a superior, and no need to deal with co-workers who can’t pull their own weight. If this isn’t convincing enough to lure you into the world of entrepreneurship, check out the following advantages of being self-employed:

Scheduling Your Own Work Hours

As an employee, you are conditioned to work around a rigid schedule that revolves around your employer. But as an entrepreneur, you’re instead given the freedom to set the time in which you want to get work done. This means that you can tailor your work schedule around a time-frame that fits your own, unique lifestyle. This level of flexibility can be altered on a day-to-day basis, and can change according to your specific needs and circumstances.

We all struggle with being able to maintain both our professional and personal lives, but being self-employed can make this juggling act a little easier to handle, as long as you’re disciplined enough to ensure that the productivity of your business doesn’t become compromised by an overt lack of commitment.

Choosing Your Workplace

Instead of commuting back and forth, most self-employed people are able to work from home — or wherever they decide they want to work. With the ubiquity of broadband, you can take to your tasks virtually anywhere with Internet access. This can be especially liberating for those with multiple obligations outside of their professional lives.

Being able to work where you like also means that you won’t need to conform to a dress code. Instead of being forced to wear collared shirts and dress pants, why not swap them for PJ’s and flip-flops?

Being Incentivzed To Work Hard

As an entrepreneur, the success of your business is a direct result of the effort that you put in. This means that you have every reason to be as productive as possible, because the revenue generated by your business serves to benefit your own interests. In other words, you are compensated based on how hard you work. You are the one that reaps the rewards of running a successful business, and your salary is a reflection of your long-term efforts.

Always Having Exciting & Mentally Stimulating Work

Living an entrepreneurial lifestyle is challenging, but that also means that you’ll never experience a single day of boring work. Today, the labour market is increasingly shifting towards job routinization and de-skilling. This ultimately leads to an overall lower quality of work available for employees, as employers are looking to segment labour into specific tasks that can be performed repetitively without much variation. What this does is deemphasize the need for continuous learning.

As an entrepreneur, however, you will never be forced into a position of complacency. You will be given opportunities to test the full range of your skills and your abilities, and you will need to constantly adjust on a day-to-day basis based on new obstacles that you will inevitably face. You will always be kept busy and your work will never seem banal.

Entrepreneurship Helps Societies Prosper

Small businesses are important for sustaining collective economic growth across communities around the world. As a self-employed worker, you have the potential to create new jobs for people that would not exist otherwise. In the United States, for example, the Bureau of Labor Statistics reported that entrepreneurial ventures in their first year create about 2.5 million jobs per year in the country. These entrepreneurs can effectively help to reduce unemployment, which in turn will benefit society as a whole.

Even beyond this, entrepreneurship has the potential to create lasting social change. Perhaps the most notable example of this can be linked to the Bill & Melinda Gates Foundation, an organization that is dedicated to reducing extreme poverty and increasing the quality of healthcare globally. Bill Gates, the former chairman of Microsoft, has been committed to various philanthropic efforts since departing from his role as chairman of the massive technology company, focussing solely on his charity work.

Other prominent entrepreneurs who leveraged their financial success for social good include Warren Buffett (investor), Mark Zuckerberg (Facebook CEO), and Oprah Winfrey (former talk show host on The Oprah Winfrey Show).

Anyone Can Become An Entrepreneur

There is nothing stopping you from creating your own startup. If there’s sufficient market demand for your product or service, then you can be successful, period. This is what Kevin O’Leary, an angel investor on the television series Shark Tank, meant when he said, “nobody has a monopoly on good ideas.”

Regardless of your past, how much capital you have, your connections, or any other external factor, there is nothing preventing you from taking a good idea and executing to market. Any given person can take an intangible concept and bring it to life. Innovation is a constant need, and human creativity is virtually limitless.