Comments on: 23 Disadvantages of Self-Employment http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html Bridging the gap between saving money and investing Sat, 11 Feb 2012 18:46:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Akwa http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-952254 Akwa Tue, 19 Jul 2011 15:12:22 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-952254 The findings are perfect The findings are perfect

]]> By: 10 Reasons Why a Corporate Job is Better Than Taking the Entreprenurial Plunge | Agile Personal Development http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-309187 10 Reasons Why a Corporate Job is Better Than Taking the Entreprenurial Plunge | Agile Personal Development Fri, 16 May 2008 01:48:41 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-309187 [...] 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 [...] [...] 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-260087 C Hodges Wed, 05 Mar 2008 00:22:01 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-260087 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! 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-257632 Paul Sun, 02 Mar 2008 00:48:09 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-257632 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. 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-255443 Andy Wed, 27 Feb 2008 21:20:59 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-255443 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. 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-255114 Shannon Christman Wed, 27 Feb 2008 12:42:04 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-255114 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! 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-255051 Betty Wed, 27 Feb 2008 08:36:23 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-255051 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. 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 http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-254172 Monroe on a Budget » Blog Archive » Saving Advice: 23 Disadvantages of Self-employment Mon, 25 Feb 2008 19:08:09 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-254172 [...] 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 [...] [...] 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 [...]

]]> By: A Marino http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-253550 A Marino Sun, 24 Feb 2008 15:04:10 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-253550 When a self-employed person buys health insurance, he or she pays social security on it as if it was pay. The self-employed persons ends up paying 15.3 social security on his health insurance while the employee working for another employer does not pay these taxes. The self-employed person can deduct the health insurance on his return. Sometimes our health insurance costs have put us over the line with a next tax bracket. When a self-employed person buys health insurance, he or she pays social security on it as if it was pay. The self-employed persons ends up paying 15.3 social security on his health insurance while the employee working for another employer does not pay these taxes. The self-employed person can deduct the health insurance on his return. Sometimes our health insurance costs have put us over the line with a next tax bracket.

]]> By: Scanner http://www.savingadvice.com/articles/2008/02/22/102036_23-disadvantages-of-self-employment.html/comment-page-1/#comment-253065 Scanner Sat, 23 Feb 2008 18:56:46 +0000 http://www.savingadvice.com/blog/2008/02/22/102036_23-disadvantages-of-self-employment.html#comment-253065 This country is very hard on the self-employed for the reasons you outlined. Universal healthcare, while controversial, would go a long way in helping the venture capitalist/entrepreneur. This country is very hard on the self-employed for the reasons you outlined.

Universal healthcare, while controversial, would go a long way in helping the venture capitalist/entrepreneur.

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