Being self employed is a dream that many share. This is when you get to make money for yourself, while also leaving behind the downfalls of taking orders from a corporate giant. Although self employment is made out to be all fun and games, this is not the truth. In fact, there are many downsides of self employment. The more that you know about the pros and cons, the better chance you will have of choosing the right option as you move forward with your career.

First off, you should take a look at what is good about working for yourself.

1. You are in charge of every detail of your business. When you work for somebody else, you do what they say. When you work for yourself, you can pretty much do what you want. This type of control is what many people are interested in.

2. You are no longer working hard to make money for a large company, or for your boss. Instead, the revenue and profits that you generate will go into your pocket. People who are tired of working hard so somebody else can get rich should look into the self employment route.

3. When you are self employed you can work your own hours from anywhere you want. Many self employed individuals work from the comfort

of their home. You can do the same, or rent out office space. Again, when you are self employed you are calling the shots.

Now, take a look at some of the downfalls of being self employed.

1. Are you ready to make big decisions? When you work for somebody else you never have to make the really big decisions. But when you are self employed, you are in charge of both the small and large details. Do you feel good about your decision making ability?

2. If you do not bring in enough business you will not make enough money. Working for a company usually means getting paid even if you are not performing at your peak. But when you are self employed, you are in charge of generating revenue. If you do not perform you do not get paid.

3. Being self employed often times means that you will work long hours. In order to get your business up and running, you will have to put in plenty of time. Are you ready to work more than eight hour days?

With knowledge of both the pros and cons of self employment, you should be able to decide if this is the career path for you. This is a big decision in your business life, and one that you need to think about before acting on. Once you compare the pros and cons, make up your mind and be the best you can at the career you decide on.