Why be Afraid of Being Self Employed?

Four Reasons Not to Fear Working at Home

© KC Morgan

Mar 11, 2009
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Why be afraid of being self employed? Some cite problems, taxes and financial concerns that make it sound awful. Learn four reasons not to fear work at home instead.

Why be afraid of being self employed? Because self employment means being all alone with no security, no stability and no safety! Doesn’t it? The good thing about self employment is that there’s a lot of information out there for those who want to learn more about working at home. The bad thing about it is that there’s a lot of information out there which serves to deter those who might be considering work at home. Sounds confusing, right? This is only one reason why many may shy away from the idea of becoming self employed. Find four reasons not to fear working at home.

Being Self Employed Doesn’t Mean Being Insecure

Those who are self employed must rely upon themselves to find jobs, get the jobs and complete the work to fulfill the responsibilities of those jobs. There can be some level of instability in self employment, but this doesn’t mean there’s no security whatsoever. It’s more than possible to develop a relationship with a specific client, company or Web site, someone who will provide regular work for stable pay - even in self employment. In fact, as the professional gains a reputation and begins to become more experienced in their chosen field, it’s more likely they’ll land the sort of jobs that will help them enjoy stable, secure self employment and regular pay.

Self Employment Doesn’t Equal Boredom

Working at home, working alone, sounds like a real drag to professionals who are used to a busy and active working environment. Wouldn’t work be impossible without that daily dose of inter-office gossip, the frequent quips and jokes, an occasional lunch date with a friend from the job? It’s still possible to maintain an active social life even when self employed. Why not enjoy the occasional lunch break, a quick phone call here and there, a little walk around the block or a stop in the self employment chat room online? Working alone doesn’t necessarily mean being lonely.

Self Employment Doesn’t Cost Too Much

Self employment comes with an extra tax and plenty of extra tax paperwork. Doesn’t this mean that those who work at home actually pay more? Why pay extra to be self employed? It’s true that independent contractors, self employed professionals, must pay a self employment tax. A chunk of this tax, however, covers federal and state costs (such as Social Security and Medicare) which would ordinarily be deducted out of payroll checks. Self employed professionals aren’t always necessarily paying more on their taxes, it’s just that these tax payments are often made in a lump sum rather than through the course of the year. Alleviate the burden by keeping a savings account and making regular tax payments.

Even the Self Employed Can Find Support

Think that being self employed means being all alone? There are many government-sponsored programs, loans and resources which exist solely to help self employed professionals. This gives even those who work at home a support system, a little bit of insurance against an uncertain world.

Why be Afraid of Being Self Employed?

It’s a little scary to start a new job and a new way of life, but no more frightening when it’s self employment than when it’s a new position at a local office. Working at home doesn’t have to feel scary, and it shouldn’t. Remember it’s something that anyone can do, that it does take a good deal of real work, and that there are plenty of resources available in self employment.


The copyright of the article Why be Afraid of Being Self Employed? in Self-Employment is owned by KC Morgan. Permission to republish Why be Afraid of Being Self Employed? in print or online must be granted by the author in writing.


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