Most people say that they would love to be their own boss, but most don’t actually know what it’s like until they do it. Today, we will be talking about the positives of being your own boss. I am my own boss and I love every single minute of it.
The ability to create your own schedule.
One thing that I love a lot about being my own boss is that I can create my own schedule. I love having a flexible schedule and being able to determine when I work best and when I can actually accomplish things. It does help that the industry that I am in allows for this as well though.
If I want, I can take an amazing bike ride during the day, and then push my work to the night-time so that I can see some day light. Or, I can bring my work with me and travel to a whole new country. Whatever, I want to do, I can do it because I have the ability to create my own schedule.
Not being forced to work from 8 a.m. to 5 p.m. from Monday to Friday is a lifesaver. I don’t know how I did it before, and I don’t think I could ever go back to that. Some weeks I work many more hours than I ever would have at my day job, but it helps that I can move my schedule around and enjoy things that I want to.
You are in control of your income.
If you are your own boss, you are not strapped by the salary that your boss sets for you. Instead, you are in complete control of your income. You can have a very high income, or it might even be lower than usual. It all depends on how much effort you put into your business and the income that your business makes.
You are in control of your company.
You might have left your past company because you didn’t like how things were run. Well, with your own company, you are in control of everything. You can determine the dress code, the culture of the company, the building, the design, the work, and everything else. You are not bound by someone else.
However, you always need to keep in mind that if you want to make money and be profitable that there will probably be SOMETHING you don’t 100% agree with.
Total control also requires a great deal of responsibility. For example, you have several additional needs if your company starts expanding and you hire employees. Aside from the obvious duties (i.e. doing background checks, drug testing, and determining a fair salary), you are required by law to set up a solid workers compensation program. Services like National PEO will work with you and set up a workers compensation program for your small business and handle several aspects of the program, such as safety compliance and policy administration. This is especially helpful if you cannot afford to lose time otherwise spent focusing on your business.
Are you your own boss? Do you enjoy it?
Picture via Flickr by Bart Everson