When most people think about being self-employed, the first thing that comes to their mind is fear. It’s scary to imagine not having the security of a guaranteed paycheck. However, that could not be farther than the truth. There are so many benefits of self-employment!
Being self-employed is the absolute safest route to job security. It’s also the best path to financial freedom, living life on your terms, and doing what you love.
That’s why we believe self-employment is the ultimate self-empowerment.
THE ULTIMATE JOB SECURITY:
We live in the midst of a job revolution, industry disruption, and rapid technological evolution. The truth about “job security” is that it died with our grandparents’ generation. Us and our parents, it is unusual to stay with the same company for a decade, let alone a lifetime. In a world changing more rapidly than ever before, the uncertainty of entrepreneurship is becoming less intimidating than the uncertainty of the longevity of your corporate career path.
2020 and the global pandemic showed many people just how insecure their livelihoods are. It also showed people other opportunities that exist which they may have never considered, such as working from home or doing side gigs like delivering groceries. The good thing about being pushed outside of their comfort zones is that once they open their mind to new ways of making a living and trying something new out of necessity, many people are seeking to NOT return to their regular jobs.
Even if you have no desire to be a full-fledged, self-employed business owner, even simply starting a side hustle is a great way to mediate the risk of job loss and make some extra cash.
And growing that side hustle into a replacement for your job is the best way to minimize your risk of being in an industry that is disrupted.
Once you get used to the idea that you can make money on your own, it frees you to take your financial security into your own hands. You feel a sense of security and certainty, knowing that you are capable of finding a way to create income for yourself. You are no longer dependent on someone else to decide how much your time is worth, when you have to work, and whether or not you know where your next paycheck is coming from.
You are in charge!
THE ULTIMATE FREEDOM:
Now that we’ve gotten the fear of insecurity out of the way we can focus on the most obvious benefit of self-employment, which is, of course, FREEDOM!
Being self-employed gives you more control over your time, your money and your quality of life.
Yes, it also comes with a lot more responsibility, however there is no greater feeling than the freedom of knowing you have the power to determine your own schedule.
Not only do you get to choose what you do with your time, but you get to experience what it is like when the more time and effort you put into your business the more you can make. You are not longer limited by a salary someone else determined. Not only can your new business replace the income from your current career, there is no limit to your growth! It is up to you how much you learn and grow and how high your income can increase.
Then, with the extra money you’re making from your side hustle or your new business, you’ll have more options for how you spend your time when you’re not working, leading to a better quality of life.
Being self-employed unlocks the freedom to live life on your terms.
THE ULTIMATE FULFILLMENT:
“Success without fulfillment is the ultimate failure.”
Whether you work for someone else or yourself, our careers are where most of our waking hours are spent. The biggest complaint most people have about their jobs is that they are unfulfilling and meaningless. Most people just do the motions of going to work every day because it is required in order to earn a paycheck. Being self-employed doesn’t just give you more control over where your money comes from, it gives you more control over what you do to earn that money.
By becoming an entrepreneur, you can choose to get paid to do what you love. You can find a way to monetize your passion. You get to choose how you contribute to this world. You can even make money while you make a difference!
THE ULTIMATE EMPOWERMENT:
Being self-employed is the ultimate self-empowerment because it gives you:
1. Security in uncertain times
2. Control over your income
3. Freedom of time
4. The ability to live life on your terms
5. The ability to love what you do
If you’re convinced that becoming your own boss is the key to unlocking your income and freedom but you’re still nervous about giving up your paycheck, don’t! Start a side hustle while you work full time.
If you love the idea of being an entrepreneur but you’re overwhelmed by all of the conflicting advice and complications involved, start simple! Start with what you know. Identify any skills, knowledge, or passions (from your career or personal life) that you:
a) Know a lot about (you’re good at it)
b) Could do for people or help them with (outside of a traditional job)
The easiest way to start making your own living is to do what you already know and love as an independent contractor, freelancer, or personal service.
There is no need to complicate it! And, there is also no need to recreate the wheel. We live in the age of at-your-fingertips education. Everything you could ever need to know about starting a business is out there waiting for you to learn it.
You can do this! You can take back your power and direct your own life. Welcome to the entrepreneurship revolution!
Author Bio: Joeel & Nataile are co-founders of Transformation Academy, where they train leading-edge entrepreneurs, leaders and life coaches how to master their mindset and create a purpose-driven business so they can monetize their passion and live life on their terms. Joeel & Natalie have started more than a dozen businesses, including (in chronological order) imports, photography, non-profit teen center, life coaching, t-shirts, magazine, book publishing, professional speaking, conferences and workshops, holistic virtual office center, online directory, life coach training, and an online academy. Joeel is a former psychology professor with a Master’s Degree in Counseling and Education is currently completing his dissertation on eudaimonic happiness for his Ph.D. in Psychology.
In 2014, they pivoted their business online, first by transitioning their print magazine into digital format and later when a long-term illness inspired them to convert their coaching and training programs into online courses. Since then, Transformation Academy has trained almost 500,000 coaches from 200+ countries and territories around the world. They are advocates for the democratization of education, making real-world, transformational knowledge and tools accessible to all.