Comments on: 23 Disadvantages of Self-Employment

By: sushmitha ann

sushmitha ann — Sun, 13 May 2012 12:38:46 +0000

good info which helped me a lot in doin my project.. thank you

By: Benson Bennet

Benson Bennet — Wed, 28 Mar 2012 15:07:46 +0000

It is sad that you are discouraging start ups.I quit my job of 5 years of working in a slave like conditions in a car repair shop and with NO SAVINGS.I started offering a similar service(Engine service,oil change)behind a gas station of course i had requested the owner of the gas station since i was buying oil and other accessories from him,The business picked after two months and within a year i now have an estabilished business premises in a prestigious business address serving who is who in town.I enjoy the fruits of hard work,it is about FAITH,FOCUS,DETERMINATION,SELF SACRIFICE AND HARD WORK-faith breaks mountains,if you are dreaming it,go for it,do not be faint hearted.Two choices in life BE A WELL FED SLAVE work till you retire and wait for your pension enjoy you retirement Sadly as you wait for your last day or BE A HUNGRY FREE MAN,Struggle for some time,set your business,get well fed slaves for your business let them work for you as you enjoy you success as a well FED FREE MAN.Choose one WELL FED SLAVE OR HUNGRY FREE MAN!

By: Akwa

Akwa — Tue, 19 Jul 2011 15:12:22 +0000

The findings are perfect

By: 10 Reasons Why a Corporate Job is Better Than Taking the Entreprenurial Plunge | Agile Personal Development

Fri, 16 May 2008 01:48:41 +0000

[...] a well known logo on your shirt help you open doors for new business. When you are on your own, it is difficult to establish a reputation while competing with existing companies. It is really hard to convince people to let you work for them when they don’t even know if [...]

By: C Hodges

C Hodges — Wed, 05 Mar 2008 00:22:01 +0000

I am a new entrepreneur (two years in) and I am so glad that I didn’t read an article equivalent to this one when I was starting my business. Sure, the facts are right but the joy and satisfaction of owning and running your own business far outweigh the sacrifices if it is run with a financially smart approach. Not to mention that I am a little taken aback that encouraging others to work for established large companies who monopolize and destroy small mom and pop businesses would take priority to encouraging people to take a chance. Thanks for the information but it is too bad that you feel people should play it safe rather than take risks!

By: Paul

Paul — Sun, 02 Mar 2008 00:48:09 +0000

Some of the points are valid and self employment isn’t for everyone. However every tax law is written to help corporations and if you are self employed as a corporation you will be way ahead of the game. Health insurance is completely written off, your 401k plan as the employer is written off, the withholding taxes as en employer, car, operating expenses, portion of the home work area, phones, gas, business meals, computers, copiers, printers, clothing, as well as vacations if you incorporate them into your business. Unfortunately thinking small minded is very dangerous. If you own your own business you have control of your life, your income, your retirement and you can pass it off as an inheritance…what do you get working for someone? Forced retirement? Leasing your time but not owning it. Be careful when people only give you part of the truth. When you work for yourself you should be passionate about it and if that is the case you will make much more money then working for someone or corporation that cares about the bottom line instead of you. Peace of mind, enjoying your work and keeping it balanced will not only be physiologically and physically healthier but you will be able to lay your head on the pillow each night with new hopes and desires to make you and your family a better life. I feel like I just read an article on being on welfare saying that we should allow other people to direct and choreograph our time, lives (which is mostly the amount of hours we work) and income. That is very sad. Please think again and make sure you incorporate even if you are an individual and take the steps necessary to get you and your family safely out of poverty.

By: Andy

Andy — Wed, 27 Feb 2008 21:20:59 +0000

You pay the full social security bill whether you are self employed or not. Companies lower salaries to make up for the money they have to send to the government on your behalf.

As for healthcare, if you think it’s expensive now, wait till it’s free.

By: Shannon Christman

Shannon Christman — Wed, 27 Feb 2008 12:42:04 +0000

Betty,

I think you read more into my article than what I intended. I am also a stay-at-home-mom who works (part-time) from home to help the family make ends meet.

I agree that working from home is the best option (and in some cases the only option) for many parents. I simply wanted to point out that self-employment is not as easy as many people try to say it is. I hope you’ll agree with me on that!

By: Betty

Betty — Wed, 27 Feb 2008 08:36:23 +0000

Hey, I am a work-at-home mom, I can not totally agree with you. I think it is unavoidable for a mom to choose if she should not to continue to work outside of the home. For me, to be honest, it was fear at the beginning. Fear that I wouldn’t succeed. Fear that I wouldn’t be able to earn money. Fear that my family would suffer because of my decision. I think I am right that I have made the decision. Now my family and my job work well. My point is, most obstacles can be overcome. I overcame my obstacle and so can you.

By: Monroe on a Budget » Blog Archive » Saving Advice: 23 Disadvantages of Self-employment

Mon, 25 Feb 2008 19:08:09 +0000

[...] business is not an easy path to financial freedom, as you’ll see in Shannon Christman’s 23 Disadvantages of Self-Employment posted at Saving [...]