Being A Self Employee

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Being a Self-Employed or a Employee I - Today work relationship is rapidly changing from a more formal employee / employer relationship, as a result a growing number of professional are migrating to a self-employed situation. Employment, employees and jobs opportunities has always been a change environment, such change is usually result of major economic shifts. Not too long ago, the end of slave work force created a new era in the work relationship. Right after that, another important change came with industrial revolution, perhaps the biggest change in the work place. Not only the work changed, but it create modern life as we live today, a huge change, from farmers to manufacturing employees, from living in farms to set residency in the …show more content…

The social work environment is an important piece of a regular 9 to 5 workplace, however, when one becomes self-employed, that is immediately taken away, one is now on your own and there is no co-work to share anything. The financial aspect is radically distinct too, one goes from a sure paycheck at the end of the month to an unknown income, since it depends on how much one has personally produced and received that month. Important to mention that there are chances of exceeding average pay-check is higher than a regular job. This fact is listed as a self -employment advantage by Loyd Bank web site “Reaping the rewards of your own efforts, with the potential to earn more in the long term.” (http://businesshelp.lloydsbankbusiness.com/assets/pdf/pros-and-cons-of-self-employment.pdf). In other hand, as employee one has a salary plan that resides with low variables, one will get paid as work is performed; however, as self-employed, there is no assurance on how much the income will be for a given period, in fact that could be zero or grater than expected. Another important point to be noted relates to stress level. According to Loyd Bank Business self-employment can bring “more stress as responsibility for success or failure lies with you: you are responsible for losses as …show more content…

There is no one right answer, one has to go trough a meticulous questioning to determine what he wants to do, your personal capabilities and level of income required to live at you expected financial level. The bottom line is if one can work long and hard, tolerate risks and stress, cope well with potential disaster and failure, and work well alone and with others, then perhaps self-employment is right for him. If not, one perhaps should choose to work a 9-5 job. The economic rule dictates that "Grater Risks equals to Greater Rewards” and here it works the same

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