In today’s busy world, a lot of different new jobs have become available for people, including students. A lot of people have gotten into businesses and work as self-employed people. While it has become a trending thing, many people have asked whether self-employment should be for them. Below are some of the pros and cons of self-employment.
Pros of Self-Employment
Certain self-employment work can be done at home. Simple businesses could start at home and once they start to grow, the person can start moving to better establishment. Another benefit of self-employment is freedom to be who you want. You are your own boss when you are self-employed You are free to make financial decisions based on your intentions, but there are of course cons to this as well..
Cons of Self-Employment
One of the cons of self-employment is that you do not work regular hours with a sure rate per day. At days you may earn a lot while on other days, you may even be earning below the minimum wage. Another con of self-employment is the lack of benefits. While employed people have a number of benefits, self-employed people do not as you yourself are the owner. With self employment, any secured business loan you take will also require your personal asset as you are the owner.