Are You In Business or Enslaved to Self-Employment? by:Dan Boudreau
Oddly, the ultimate goal of self-employment might be to work yourself out of a job.
Many people start businesses simply to create jobs for themselves. Self-employment offers many benefits, not the least of which is the opportunity to develop basic business trade skills, while getting paid for work you love to do. Self-employment is everything some owners want, while others use it as a stepping stone to build sustainable, stand-alone businesses.
What's the difference between self-employment and being in business? Here are some signs that you are self-employed.
1. You are the business. When customers think of your business they think of you, and they usually count on you to be one delivering the goods.
2. You might be tied to a roller coaster, feast and famine schedule. You work long hours while contracts last and you're unemployed when they end. You are at the beck and call of your customers and dare not turn down any jobs because you never know when they might stop coming in.
3. Your paycheque is tied to the amount of hours you personally spend serving customers. When you stop, the revenue stops; when you get tired the business stops.
4. You spend all or most of your time working in the business, with no energy left over to work on the business.
5. You likely don't have financial systems in place, probably do your own bookkeeping, and treat your accountant to the occasional shoebox bulging with receipts. You fly by the seat of your pants for the entire year before finding out if you've earned a profit.
Here are a few indicators that a business owner is moving beyond self-employment and on to building a business.
1. The business is separate from the owner. Customers don't necessarily expect the owner to be on the front line. The business takes on more of a team approach, involving people who share the owner's vision, mission and values.
2. The team will necessitate human resource responsibilities, systems and processes. Jobs have written descriptions and are staffed by the right people, instead of the other way around. The owner's job shifts from the front line to leading the team.
3. Although the owner will probably still work a considerable number of hours, his paycheque is not limited to the number of billable hours worked.
4. While the owner might still choose to work in the business, more time is invested in designing systems for efficiency and growth.
5. The business has proper accounting and financial controls, with regular monthly financial statements and methods for tracking the flow of all monies in and out of the business.
The transition from self-employment to business doesn't happen by accident. It is brought about when the owner consciously decides to invest in building the systems that form the backbone of the business. Once the infrastructure is in place the owner will be positioned to reduce her work hours, or possibly even sell the business and move on to other pursuits.
About the author
Dan Boudreau makes business planning achievable, fast and fun. Want to learn more about how to do your own business plan? Subscribe to the RiskBuster Newsletter and instantly download a free copy of Dan's popular fast-track business plan template at http://www.riskbuster.com/letter/do-it-yourself-business-plan
http://www.articlecity.com/articles/business_and_finance/article_9982.shtml
#
2
CBD exceeded my expectations in every way thanks. I've struggled with insomnia looking for years, and after tiring CBD like https://www.cornbreadhemp.com/collections/cbd-cream in the course of the from the word go time, I for ever knowing a busty evening of restful sleep. It was like a weight had been lifted off the mark my shoulders. The calming effects were gentle yet intellectual, allowing me to inclination slow uncomplicatedly without feeling confused the next morning. I also noticed a reduction in my daytime apprehension, which was an unexpected but acceptable bonus. The cultivation was a fraction rough, but nothing intolerable. Overall, CBD has been a game-changer in compensation my nap and angst issues, and I'm appreciative to procure discovered its benefits.
2024-5-25 01:51
reply
#
3
CBD exceeded my expectations in every way thanks. I've struggled with insomnia for years, and after trying CBD like in the course of the first time, I at the last moment knowing a complete nightfall of relaxing sleep. It was like a force had been lifted off the mark my shoulders. The calming effects were calm after all profound, allowing me to meaning off uncomplicatedly without sympathies groggy the next morning. I also noticed a reduction in my daytime angst, which was an unexpected but receive bonus. The taste was a flash earthy, but nothing intolerable. Whole, CBD has been a game-changer quest of my siesta and solicitude issues, and I'm appreciative to keep discovered its benefits.
2024-5-29 15:16
reply
#
4
https://www.cornbreadhemp.com/pages/how-strong-are-thc-gummies sire become a go-to owing me, donation a within easy reach, tasty way to enjoy CBD’s benefits. I rise how discreet they are, so I can procure them anytime, anywhere. Personally, they’ve helped me relax and improved my siesta quality. I also like that each gummy has a break the ice amount of CBD, which makes it accommodating to apprehend my intake. As far as something anyone interested in infuriating CBD, gummies make in the interest of a smooth starting point. Just a tip-off: set about repayment for a dependable mark to ensure quality and effectiveness!
2024-11-28 17:52
reply
#
5
Zaproxy alias impedit expedita quisquam pariatur exercitationem. Nemo rerum eveniet dolores rem quia dignissimos.
2024-12-4 15:50
reply
#
6
Zaproxy alias impedit expedita quisquam pariatur exercitationem. Nemo rerum eveniet dolores rem quia dignissimos.
2024-12-4 16:03
reply
5 Tips To Starting Your Home Based Business Quickly 5 Tips to bear in mind When starting a Home Base Business 5 Superlative Home Based Business Ideas Next Opportunities 5 Things you have to take care while Maintaining a Money Making At Home Business 5 Types Of Affiliate Websites Available For Your Home Based Business Zaproxy dolore alias impedit expedita quisquam. 5 Tips On Working A Home Business Ways To Start A Legitimate Home Based Business Self-Directed IRA Real Estate Investments by:Rocco Beatrice Start a Business with Do It Yourself Marketing by:Audrey Burton Hard Money Lenders Help in Rehabbing Houses Tips For Starting Your Successful Home Based Business 6 Guidelines For A Successful Information Product Home Business Online