Is Self-Employment for you?

Did you know that there are around 5 million self-employed people in the UK, making up 15% of the labour market? 

Self-employment is more common than it seems, and this could be the year you finally fulfil that ambition of becoming your own boss and being in control of your future/destiny! 

 
Successful Start-Up Characteristics

Successful start-ups are only successful with the right person or people behind it. As a budding entrepreneur, it is vital that you possess some, if not all, of the following characteristics:  

Self-belief – If you don’t believe in yourself and your business, then who will!  

Resilience – Not everything is going to work first time and that’s okay!   

(Did you know that Sir James Dyson developed more than 5,000 failed prototypes before landing on the right design, which became the fastest selling vacuum cleaner ever made in the UK?) 

Creativity – You must be innovative, imaginative and have the incentive to push your business forward with new ideas.  

Commitment – You get out what you put in! Like anything in life, the more effort you invest in your business, the more successful it will be! 

Pros and Cons of Self-Employment

Now let’s look at some of the pros and cons of self-employment. It is important to remember that self-employment isn’t all sunshine and rainbows! If it was, then we would all be making the switch!  

Pros 

+ Creative freedom  

+ Independence  

+ Job satisfaction  

+ Personal Development

Cons 

– Long hours  

– Social isolation  

– Unpredictable finances  

– Lack of employee benefits 

Most people are waiting for the ‘right time’ to become self-employed, but the truth is that there is no ‘right time.’ You can, and will, learn and develop skills as you go along provided you are doing it for the right reasons.  

A support network is vital in running your own business and here at Ards Business Hub, we can be with you every step of the way! 

To find out more, and enquire about our available Business Support, get in touch with us today!