Independent professionals are fast-growing, vital part of our workforce. According to MBO Partners’ latest State of Independence study, the total number of self-employed Americans aged 21 and above rose to 40.9 million.
Independents span all industries, from on-demand drivers and freelance writers to finance professionals and IT consultants.
There are many benefits to being independent—the ability to set your own hours, work when and where you like, and pursue projects you’re passionate about. But there are many responsibilities as well. Because independents are their own business entity, they take on additional accounting, marketing, and HR duties.
But, at the end of the day, it’s worth it. The large majority of independents—77 percent—say they are happier working on their own than in a traditional job. They also report being healthier, wealthier, and more secure in their work.
Over the next five years, we predict that half of the U.S. workforce will be or will have experienced working as an independent. The future of work is looking up!
Regardless of whether you’re the employee of a company, an independent contractor, or a small-time consultant, you already possess many of the skills to become self-employed. Here’s why.
Key skills, challenges, and advice for starting your own million-dollar, one-person business.