6 Replies - 893 Views - Last Post: 25 July 2012 - 07:12 AM

#1 Redbird5  Icon User is offline

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Self-employment is it worth it?

Posted 24 July 2012 - 07:33 PM

I'm one of the millions of college grads who have been looking for work for two or more years. I've got back to school to get a web development certificate, my BS is in Mass Communications. I'm thinking that since no one reputable wants to hire me and I'm very personable and a decent designer if it would be worth being self employed. It scares me because I don't know where my next paycheck is coming from, but it puts food on the table and who knows what'll happen.

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#2 no2pencil  Icon User is offline

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Re: Self-employment is it worth it?

Posted 24 July 2012 - 07:53 PM

View PostRedbird5, on 24 July 2012 - 10:33 PM, said:

I'm very personable and a decent designer if it would be worth being self employed.

When you are self employed you ware EVERY hat.

You fill out all paperwork.
You contact every customer.
You chase down every payment.
You pay every bill.
You file & pay all taxes & any bills.

& anything you can't do, you still need to get it done, so you shell out money for it.

You have to be more than 100% dedicated, because everything falls on you.

View PostRedbird5, on 24 July 2012 - 10:33 PM, said:

It scares me because I don't know where my next paycheck is coming from

& in self employment it works the same way. If you have a large client, & the project isn't going to be done for 3 weeks, do you take a small job to make quick money & push off the large project, or do you starve it out?
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#3 Redbird5  Icon User is offline

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Re: Self-employment is it worth it?

Posted 24 July 2012 - 08:03 PM

Is it worth it?

I like doing the design and meeting with people. I don't really have overhead, my programs and computer are paid for and I'm a home caregiver for my dad who had a stroke five years ago, so I don't have monetary rent. I have to deal with a dementia patient who can be grouchier than an acre of snakes and ten grumpy bears put together.

Should I decide to continue to pursue a full time position else where do employers frown on freelancing?
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#4 no2pencil  Icon User is offline

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Re: Self-employment is it worth it?

Posted 24 July 2012 - 08:26 PM

It's only really frowned upon if :

a.) you are currently employed & the 'associate handbook' clearly states no side work, no moonlighting, no side employment.
b.) you sign a non-compete with your current employer specifically stating you will either not work in a competitive market/field, or sometimes they request not at all.

I for one think it's worth it. I just hired my 2nd employee. With self employment, the sky is the limit. No hoping & praying for a 4% raise. Oh, the company got bought out? Surprise, no more vacation.
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#5 fromTheSprawl  Icon User is offline

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Re: Self-employment is it worth it?

Posted 24 July 2012 - 08:34 PM

How about you still find a job, even if the company is not that reputable or distinguished, then do freelance while you do that job.
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#6 Redbird5  Icon User is offline

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Re: Self-employment is it worth it?

Posted 25 July 2012 - 06:46 AM

Where do you find work?
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#7 modi123_1  Icon User is online

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Re: Self-employment is it worth it?

Posted 25 July 2012 - 07:12 AM

The freelancing subforum has a thread called "Getting Started Freelancing?" - that might help
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