10 Things to Love About Being an Independent Professional

By MBO Partners | June 30, 2020

10 Things to Love about Being Independent

There are plenty of perks to working as an independent professional: freedom, flexibility, control over your work, the ability to pursue your passion, and the option to work from anywhere in the world, just to name a few. Here are our top 10 reasons to fall in love with self-employment.

1. Boost Your Income

Did you know that more than half of the independent workforce say they make more money working on their own than they would in a traditional job? On top of that, more than 3 million independents earn more than $100,000 each year, according to our State of Independence research.

A strong economy and tight jobs market are driving the need for skilled independent talent, giving independents in highly-skilled fields more work opportunities and allowing them to increase their fees or wages.

2. Create a Career from Your Passion

While going independent is a great opportunity to increase your income, the large majority (77%) of independents say that doing something they love is ultimately more important than making money. When you break down the reasons, it’s a no-brainer: more passion equals more productivity. When you feel a personal connection to your work, it’s natural to put in more hours in a day.

3. Take Control Over Your Work and Be Your Own Boss

As an independent professional, you have the flexibility to set your own hours and create the work-life flexibility you’ve dreamed of and deserve. Independents testify that their career choices stem from a desire to have greater freedom, flexibility, control, and purpose.

Finding the right balance can be a journey of self-discovery, but it’s an effort you’ll thank yourself for in the end.

4. Choose the Work You Want to Do

One of the most empowering parts of running your own business is the ability to say no. If a potential project doesn’t seem fulfilling, you have the power to walk away if your heart isn’t in it. Those kinds of discussions, both with yourself and with potential clients, aren’t always easy, but it’s important to know that you’re able to say: “it’s not you, it’s me.”

5. Work from Anywhere in the World

17 million independent workers aspire to someday become digital nomads—location-independent, technology-enabled independents who travel and work wherever they want. As an independent professional, you have the power and technology to run your business from anywhere. Between cloud-based services, mobile offices, and constantly evolving technology, home truly is where the heart is.

6. Let Your Business Evolve Along with Your Interests

When you run your own business, you’re in control of your learning opportunities. Different projects you take on will require different responsibilities and skillsets. Keeping skills and knowledge current through personal pursuits or through diverse work experience can give your business a competitive advantage when starting new work relationships.

7. Discover How Tax Deductions Can Work in Your Favor

Running your own business can be costly, but it also entitles you to some special perks. From office supplies to professional memberships and subscriptions, there are a myriad of expenses you may be able to write off as a member of the independent workforce.

8. Find the Perfect Work Environment

Rather than spending hours stuck in traffic, paying for tolls and parking, or structuring your day around a train schedule, you can choose a workplace with a commute that’s right for you. There are many possibilities for independent professionals—a home office, coworking space, coffee shop, or private office building are all great possibilities.

9. Expand Your Network While Meeting New People

Your lifestyle as an independent provides a unique opportunity to meet people you may have never crossed paths within a typical work environment. After all, the key to a successful start of a business is networking—whether it’s via LinkedIn and social media, joining professional organizations, or attending special events, you’ll be ahead of the game when it comes to marketing yourself and getting leads.

10. Find Your Creative Freedom

As a self-employed professional, you have the power of creative freedom. You structure how you work, when you work, and who you work with. 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.

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