Many see working for themselves as the ultimate freedom. Doing what you want, when you want and how you want, whether this is alongside your studies, or as a graduate.
The reality may be a little different. This page helps you dig deeper and learn more about this fascinating way of working.
Benefits of working for yourself
They say life begins outside your comfort zone. Working for yourself stretches and develops those prepared to learn. The skills and resources cultivated on your journey will stay with you, while confidence and self-reliance are typically developed too.
Those who like to do things their way will enjoy added freedom and flexibility. Plus, there’s a chance to be creative and innovative, to see clear results for efforts and profit from your passions. What’s more, hard work and success can bring substantial financial rewards.
You should enhance your CV and develop valuable transferable skills for employment.
Challenges of self-employment
Building a business from scratch can be exhilarating. However, be prepared to work hard, sometimes for long hours. Remember, self-employment offers less security. If you are ill, for example, you won’t get paid and you may be pressured to continue to work. You’ll have to rely on your wits and personal resources, which supports personal development, but is stressful for some.
Prospects article Is self-employment right for you?