cubicleless

Have you ever considered self employment? Have you ever thought about the disadvantages of working for the man and the advantages of working for yourself or vice versa?

Have you ever thought about the amount of time you give your employer in relation to what you get back for compensation? Are there times that you feel like a slave?

I admit, having a steady paycheck is very reassuring, especially with 4 kids. What happens when that steady paycheck goes away? Sometimes the money is just not there to pay you. There’s nothing more horrifying than relying on a paycheck and being told that it’s not there for the month. That really makes you reevaluate what you are doing.

In this economy there aren’t too many jobs that are safe. You never know when the pink slip is coming.

Do you have a backup plan?

Have you ever considered doing something on your own to earn an income and sustain life? Have you ever wondered what it would be like to be in charge and be responsible for your own paycheck?

I’m here to tell you that it’s scary and at the same time exciting! Whether your are forced into trying to earn money for yourself or you decide to do it, the time could never be better.

What does it take to be self employed?

That question is the point of this entire blog and can’t be answered in one post. In short you obviously need a method or way of making money.

Personally, I design websites and logos in addition to earning passive income from affiliate marketing. Passive income is essentially money that you earn while you are sleeping, eating, playing with kids, eating dinner, etc. The money I earn passively is steadily increasing. My goal is for my passive income to exceed my active income.

To go into business for yourself you also need accounting experience, a high level of self-discipline, a business plan, a marketing plan, a support network, an understanding spouse/mate, coffee, sleep, good health, etc.

Self employment is not easy. What is though? Regardless of what you are doing, you should give it your all.

Stay tuned and I’ll tell you about what works for me and what does not.