Never Work A Day In Your Life: A Guide to Self Employment

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Never Work A Day In Your Life! is a concise and easy to read handbook that is an essential guide to anyone considering self employment or starting your own enterprise. The increase in the number of so-called 1099ers and independent contractors, along with the emergence of the GIG economy, have made hiring yourself one of the most significant trends in business. Never Work A Day In Your Life! is both instructional and motivational. Included are guides to the basic organization, marketing, branding, legal and financial steps to starting your own enterprise. The author also addresses both the HOW TO and the WHY TO aspects of striking out on your own, including: • The upsides/downsides of self employment. • Evaluating core skills that will translate into an enterprise of your making. • Choosing the kind of enterprise for you, such as independent contracting versus creating a business with employees. • Choosing a WORK STYLE that fits your LIFE STYLE. • Creating a blueprint for success. • Launching your enterprise. Enterpriser Examples The author has also included the stories of several enterprisers who recount their backstories and share their successes and failures with the reader.

 

Self Employment: The HOW TOs and WHY TOs of Hiring Yourself

Choose something that you love to do and you’ll never have to work a day in your life. This ancient proverb, which has been attributed to Confucius (although this is debated), reverberates into the 22nd century and was the epiphany for my choice to hire myself at age 28. In a 2009 study by the Pew Research Center, it was reported that 

“Self-employed adults are significantly more satisfied with their jobs than other workers. They’re also more likely to work because they want to and not because they need a paycheck.

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The Pew study shows that nearly four-in-ten self-employed workers (39%) say they are “completely satisfied” with their jobs, compared with 28% of all wage or salaried employees.

Here are some of the reasons why the self employed are happy.

 Focus on Opportunity, not Security                                                       ‘Get a good job with good benefits and you’ll have no worries.’ Well, that just ain’t true anymore. Job security went out the window years ago and employee benefits are being trimmed. Want job security? Hire yourself, create an enterprise that is determined (for the most part) by your own wits, skills and determination. For those truly interested in self employment, the first task is to retrain your brain. Forget job security and start thinking about opportunity. Is there a way you can use your skill set to make money? You won’t really be losing all that much as various studies show that the self employed and employed earn about the same annual median income.Where it really varies is in the long term, where the self employed tend to out-earn their employed peers. The difference is in the freedom to capitalize and build on opportunity.

Crafting Your Career, Sculpting Your Life                                                 Start with a vision of your enterprise. Do you envision yourself running a company with employees? Or, perhaps, you like the idea of creating a job for yourself and selling these services on a contract basis?                                                                                                 Your business structure will also be determined by whether you’re selling products or services, or whether your business is labor intensive, requires a physical plant and many other factors. From a review of all these questions  you will ascertain what form your business should take.

Determine What You Want From Your Work                                 Over my many years of speaking in front of businesspeople, and working with smaller businesses and professionals, I have seen how making the decision to be self-employed, for the wrong reason, can come back to haunt you.  There are many ways to be self-employed, successful, and happy. 

Find a work-style that works for you, for example:

• You like structure and organization at work, but you don’t want it to be someone else’s idea of structure. Then choosing to start a traditional business, perhaps with employees, may suit your life style.

• You like to have direct contact with customers/clients, and enjoy doing the work or creating the product with as little outside interference as possible. Then, perhaps you should consider being an independent contractor or running a solo enterprise.

• You’re interested in wealth accumulation and retiring early enough to enjoy it. Then you’ll probably want to focus on an enterprise that offers passive income potential, such as selling products which offer an ongoing return.

For many self-employed people, success is not only measured by money brought in, but by freedom of ideas, of creativity, and of time to live life.

 

Growing and Shaping Your Work Life.