The advantages and disadvantages of self-employment

November 20, 2020 4:32 am

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Self- employment can be perceived as an unstable or unreliable form of employment. There are many advantages, as well as disadvantages, to self- employment as there are with every job.

 

There are thousands of different types of self-employment jobs, ranging from business coaching services to home-cooking classes. With the current situation of a global pandemic and many unfortunate people having been made redundant, creating a business from home can be promising in generating an income. Teaching classes or participating in courses online has become increasingly popular, with the help of technology and applications such as ‘Skype’ or ‘Zoom’ has made this resourceful and convenient.

 

Working from home can also help save on extra expenses, such as buying lunch or a coffee. Small spending here and there can add up. However, it cannot guarantee a stable income. Starting a business from scratch can be a slow process, in terms of generating customers or creating exposure, especially if there is a lack of experience in how to run a business. But with time and practice, this can change over time.

 

Another advantage of self- employment includes creating a more flexible schedule. This can be organised around productivity levels and prioritising tasks in order of importance and not having to report back to a boss. On the other hand, the disadvantage to this is not being able to separate work life from home life, as there is never a “switch off button.” It is important to stick to a routine and know when to rest from work.

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