While the winter chill may be settling in, Valentine’s Day is just around the corner and love is in the air…all the more reason for us to share why you should fall in love with being self-employed.
When you’re an independent, you have the flexibility to make your own hours and create the work-life balance you desire (and deserve!). Independents testify that their career choices stem from a desire to have greater freedom, flexibility, control, and purpose.
The search for just the right balance can be a journey of self-discovery, but you’ll thank yourself for the adventure.
Did you know that nearly half of the independent workforce (45%) reportedly made more money working on their own than they would in a traditional job? According to our State of Independence report, 2.9 million of the 17.8 million Full-Time Independents earned more than $100,000, up 45% from 2 million in 2011.
75% independents overall agree: doing something you love is more important than making money. When you break down the reasons so many agree, it’s a no-brainer: more passion means more productivity; you feel a personal connection to your work, inspiring you to devise more ideas, and potential, better solutions; you’ll be pushed to work more hours in a day; and of course, as one article puts it, our working careers will consume most of our lives, so we might as well do something we enjoy.
Diversity is also key, but remember, independents are in it to do the work they love…which most likely doesn’t include dealing with the needs of a back office. Our experts can help eliminate the clutter of the back office to keep you focused on the things that keep your passion aflame.
Adversely, if the passion is not there in a potential project, independents have the power to walk away from an opportunity should their hearts not be in it. Those kinds of discussions (both with yourself and potential clients) aren’t always easy, but it’s important to know when to say “it’s not you, it’s me.” Did you just cringe at that awful break-up quote? Here are some other things NOT to say to a client if you’d like to stay friends.
The freedom to work where one pleases also provides the freedom to learn. Different jobs require different responsibilities…and skillsets! Acquiring these skills through personal pursuits, and/or diverse work experience, gives independent contractors a competitive advantage by coming in to many work relationships.
Running your own business can be costly, but it also entitles you to some special perks. From home office supplies to professional memberships and subscriptions, there are a myriad of expenses that you may be able to write off as a member of the independent workforce.
Did you know the average American worker spends over 40 hours a year stuck in traffic on the way to the office? In a study released last summer, U.S. highway congestion costs $160 billion a year. Another study shows workers spend nearly $2,600 annually on their daily commute. Time is money, and that’s a pretty penny!
Less time spent on the road means more time spent on your clients…and all of the things that matter most.
The freedom of creativity is a powerful thing. As an independent worker, you’re only limited by your won ability not to do something great. As a self-employed professional, your ideas are yours alone, and without having to run anything past a manager or team, your only criticism will come from someone already invested in your ideas…your clients! When you’re your own boss, no idea is ignored. And if you’re ready to share them with the world, then it’s time to consider building the right public thought leadership.
In the words of Buckaroo Banzai, “No matter where you go, there you are.” As an independent professional in 2016, you have the power (and technology) to run your business from anywhere. Whether you’ve gone to Carolina in your mind or shipping up to Boston; between cloud-based services, mobile offices, and constantly evolving technology, home truly is where the heart is.
MBO’s self-employed resources keep you on the move, whether changing jobs or changing addresses.
The independent lifestyle provides a unique opportunity to meet people you may never have in a typical work environment. After all, the key to a successful start as an independent business is networking – whether via LinkedIn and social networking, joining professional organizations, or attending special events, you’ll be ahead of the game in terms of marketing yourself and getting leads.
Independents testify that their career choices stem from a desire to have greater freedom, flexibility, control, and purpose. Sound familiar? Join us.
News and notes for the independent workforce and their clients. This is the October 24, 2016 edition.
Learn how to calculate a cost-based bill rate with our new, easy-to-follow video tutorial.