Many self employment mistakes are no different than other working mistakes. But for the self employed professional, the job comes with a whole new set of problems, concerns and room for error. How often do you make common self employment mistakes?
Common Self Employment Mistakes
There’s a great sense of freedom in self employment, but independence comes with a lot of pressures and responsibilities, too. What common self employment mistakes should you try to avoid ?
Far planning. Company A owes you a hundred and fifty bucks. Person X is supposed to pay you another seventy for the work you did last week. That’s more than two hundred dollars you’ll have to pay the phone bill…so it should be perfectly okay for you to order pizza tonight and go shopping for that new computer printer tomorrow. Don’t make the self employment mistake of far planning with your money. Many, many employers do come through with payments - but there are some who do not. Don’t spend your money until it’s actually in your bank account.
Too much independence. You don’t need a boss; you’re capable of doing it all on your own. You find your jobs, you supervise your work - you can do it all. But don’t let that work at home freedom lead to a common self employment mistake. You still need money in the bank, your own retirement plan for the future and insurance to protect yourself and your working assets.
Schedule juggling. You’ve got an assignment due tomorrow…so that means you might as well play today. But don’t leave deadlines to the last minute - you never know when a new client or job will present itself and need immediate attention. When it comes to work, try to be early - just in case.