Self employment benefits and importance.

[CALVINDOL]

Not long ago I emphasized in one of my thread some of the demerits and downfall an individual may face when he or she is his or her own boss. No doubt becoming self-employed as a whole lot of advantages and disadvantages but for the purpose of this thread we will be focusing on the advantages and the benefits there is in becoming self-employed. Become self-employed totally keeps you from problems you would have face if you were co employed or if your business was collaborated with another. Most satisfactorily, you get to enjoy all business profit and all the business reputation and other good incentives, secondly you keep an eye and study notice on your business cash flow that is the inward and outward flow of financial funds in the business, which somehow would have been deprived and tempered by an employee who possibly possess a dishonest and insincere attitude. Thirdly as a self-employed business owner, you are hundred percent allowed to follow your passion on what you like and what you think to be positively right and can be rewarding to your own business organisation.

Becoming a self-employed business owner totally put you in the chance of choosing your own working hours and you do not have to obey any silly rules or regulation enacted by an individual who would have been your employer or superior, but rather you are in control of your own life. Prior to all these benefits and advantages there are also some disadvantages, but that will be discussed in another thread.

 

[TOZZIBLINKZ]

When an individual is self-employed he or she is in charge of his or her business activities and responsibilities . There is absolutely a whole lot of benefits of being self-employed and a good example of this benefit is that you get to enjoy all business profit but you must also remember that enjoyed all business profit also means that you will be all business losses and bad negativity. There are a whole lot of self-employed business owners who have single-handedly established and build a business to what they enjoy today .

The establishment of businesses in most areas and regions like Nigeria have been considered to be mostly in self employed strategy and that is because many people over here are being fascinated and obsessed with the establishment of sole proprietorship business in which they get to manage and control their business activities all by themselves. Self-employed businesses is absolutely and interesting strategy of business.

 

[Jasz]

There are a number of advantages to working for oneself, including:

Flexibility: People who are self-employed have greater flexibility and control over their work-life balance because they can set their own schedules and work on their own terms.

monetary control: People who are self-employed can potentially earn more than they would in a traditional employment setting because they have greater control over their earnings potential.

Satisfaction within oneself: In contrast to traditional employment, self-employment can provide a sense of personal fulfillment and contentment.

Tax advantages: Self-employed individuals may be able to save more money on taxes than employees by taking advantage of tax deductions for business expenses.

Profession development: Because individuals are accountable for managing and expanding their own businesses, self-employment can provide opportunities for professional development.

Freedom of expression: Because individuals are free to pursue their own ideas and projects without being constrained by a conventional corporate structure, self-employment allows for greater creative freedom.

If you're willing to take on the risks and responsibilities that come with running your own business, self-employment can provide a wide range of benefits. Discipline, hard work, and dedication are required, but it can also lead to greater personal and professional fulfillment.



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