Do I Want To Be My Own Boss?

Posted In: Career Coaching · By: Seniors for Jobs.com · Date: 20 Jan 2009

Source: Service Canada

Are you the kind of person who likes to be independent? Do you want to escape the frustrations of working for someone else? Have you ever dreamed about putting your skills and knowledge to work in creating your own business?

Here are some of the Pros & Cons....

Pros

• Satisfaction of creating your own job.
• Able to follow your own interests.
• Variety because no day is predictable.
• Feeling of control over your schedule and working conditions.
• Opportunity to be creative and test your ideas.
• More tax deductions.
• Flexible work hours.
• No imposed dress code.

Cons

• Potential for financial loss if business doesn't succeed.
• Isolation if you work alone.
• Possible financial sacrifices for you and your family.
• Constant pressure to keep sales up and work coming in.
• Loss of a workplace structure.
• The need to do paperwork and record-keeping.
• No benefits such as health, dental and disability.
• No sick pay or vacation leave.
• Long hours.
• Unpredictable income.