4 Things I Wish I’d Known Before Being Self Employed

Are you thinking about becoming self-employed and running your own business? This step can hugely improve your quality of life and happiness, but it can also be a difficult road, and often people do not succeed.

Here are 4 things I wish I’d known before becoming self-employed.

1. Know The Difference Between Risks
When people first start out running their own business, they are often scared of taking any risks at all. It is important to know the difference between a risk and a calculated risk, as they could make or break your business.
A good risk is calculated, cautious and well thought through, and is much more likely to pay off later for you.

2. Stay Patient
Often when you first start out, you hope for immediate results. This doesn’t happen for many people, so don’t worry if it doesn’t! Not much may be happening, but so long as you’re not procrastinating, you will be moving forward. Try to achieve your dream in little ways every day, as this will help you to stay patient.

3. Anything You Don’t Know, You Can Learn
Something that puts many people off starting their own business is a fear that they don’t have enough knowledge.
However, part of success is admitting you have strengths and weaknesses, and knowing your weaknesses can help make you stronger. If you need to take an online course, or learn something new, throw yourself into the challenge! Building your own business is a learning experience; you will know a lot more about business once you’ve started one.

4. Avoid Unnecessary Negativity
When I first decided to register as self-employed, countless people told me I was taking a big risk and it was a mistake. This attitude often discourages people from trying to be self-employed, but the people who normally make these comments know very little about being self-employed – and they’ve never done it themselves!
Listen to people with knowledge – seek out people who run their own business and ask them for advice. Even if it is negative, it is a lot more likely to be constructive and useful.
What did you guys think about this post? I think becoming self-employed is a huge decision – one that should not be taken lightly – but I often think people are discouraged from following their passions.

Do you have any other tips for people who are considering starting their own business or becoming self-employed? Comment your ideas below!

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