Is it really worth it?

[anderson]

Hi, I was thinking about self employment. Is it really worth it all the hassle.... You look for contracts all the time, you can have a big gap between the contracts, all the anxiousness, like Am I going to find a contract soon... I mean isn't it better to be a permanent employee with no worries?

[contractor]

Well, there are 2 different kinds of people, contractors and permanent employees. You just have to find what you prefer. If you are permanent employee you will work 12 months for the same salary contractor earns for let’s say 9 months (different industries - different wages) and you will pay more taxes and will have 2 weeks vacation.

[anderson]

Yes but meanwhile I will have to look for a new contract.

[Tim]

Self employment is rewarding due to the fact you are completely in control of your earnings.

The more effort you put in, the more you are likely to earn.
This is the freedom some people love. Yes, you work on a day to day basis as far as money goes but some people enjoy that.
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[trappercase]

Money isn't everything. If you enjoy working for someone else, then by all means, work for someone else. But if you enjoy freedom, flexible schedules and getting all the profits for yourself then I would consider self employment. There are more risks but the rewards are better. What type of business are you considering if you don't mind me asking?

[Tim]

Money isnt everything but it buys you a good lifestyle!
I dont consider working 9-5 a good lifestyle, hence why I love self employment.

[lookingforjob]

IT IS WORTH IT! At least for me :). I will never get a permanent job as I like to be compensated fairly for my knowledge and skills. Taxes in Canada are very high, and permanent employees getting decent salaries pay half of what they earn to the government (federal tax, provincial tax, CPP, unemployment insurance, and don't forget the 15% GST+PST you pay on nearly everything you buy).

[workaholic]

No money isn't everything. Peace of mind and good health is. I, personally, want to be self employed and am working towards that goal. I'll gladly take a pay cut to be able to work from home and set my own hours.

There are pros and cons to both situations. Yes working for someone gives you a steady paycheck and employement but that lasts only as long as the company is doing well. As soon as the company does poorly people start losing their jobs. Self employments has its risks but I think that it offers far more opportunity. If one thing doesn't work out or the industry dries up, you can still use your skills to have a go at something else.

It really all depends on you and what you want out of life. Good luck either way.

[anderson]

No money isn't everything. Peace of mind and good health is. I, personally, want to be self employed and am working towards that goal. I'll gladly take a pay cut to be able to work from home and set my own hours.

There are pros and cons to both situations. Yes working for someone gives you a steady paycheck and employement but that lasts only as long as the company is doing well. As soon as the company does poorly people start losing their jobs. Self employments has its risks but I think that it offers far more opportunity. If one thing doesn't work out or the industry dries up, you can still use your skills to have a go at something else.

It really all depends on you and what you want out of life. Good luck either way.


Thank you for all the suggestions and opinions. 100 people 100 different opinions but I guess I am a permanent kind of guy.

[lowlight22]

Fair enough!
Your decision is personal and whilst others opinions can count a bit, its ultimately up to you and what you want out of life.

Good luck :)
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[Jared]

I enjoy freedom, so naturally I work for a company that gives me freedom. It's an honest company, and they pay well. The average company pays there home based workers 30 dollars a month. This company's average is $500 (and that's not to say you can't make $10,000 a month or more if you focus on it. I'm an Independent Marketing Executive for Goji Juice, and I spend most of my time hanging out with my wife, whether we're working or not. I'm more than happy to explain how I make a living with this company to any of you who are interested in self-employment (The concept is quite simple). Feel free to send us an email. The opportunity is open to quite a list of countries around the world.

[Paul]

It depends Anderson,

I used to work on contracts. My last contract was constantly renewed till I said I need a month off. My boss told me basically, that either I convert to full time or to look for a new job. I have 2 kids and mortgage (I am an average guy) so I accepted his offer. Now my pay check is significantly smaller and I am looking for a new job. It is just the job security for me now...




Hi, I was thinking about self employment. Is it really worth it all the hassle.... You look for contracts all the time, you can have a big gap between the contracts, all the anxiousness, like Am I going to find a contract soon... I mean isn't it better to be a permanent employee with no worries?

[contractor]

Hi Paul,
I was thinking of what you said and I agree that once you have a family things change.
Keep looking for job and you’ll find something better, maybe it is time to move on. If you don’t do it now you will regret it later. Are you looking for contract or full time position?



It depends Anderson,

I used to work on contracts. My last contract was constantly renewed till I said I need a month off. My boss told me basically, that either I convert to full time or to look for a new job. I have 2 kids and mortgage (I am an average guy) so I accepted his offer. Now my pay check is significantly smaller and I am looking for a new job. It is just the job security for me now...

[lookingforjob]

Now my pay check is significantly smaller and I am looking for a new job. It is just the job security for me now...

I don't think that permanent positions offer better job security compared to contracts. I've seen many permanent employees fired or laid-off for no good reason and without warning. When you work on contracts you are constantly alert, you always look out for new, better opportunities and you are well aware that sooner or later any contract will come to an end.

[Paul]

I know, I've been a contractor and I'm thinking of getting back on contracting but I want to find one for at least 6 months.




I don't think that permanent positions offer better job security compared to contracts. I've seen many permanent employees fired or laid-off for no good reason and without warning. When you work on contracts you are constantly alert, you always look out for new, better opportunities and you are well aware that sooner or later any contract will come to an end.

[Tsveta]

Hi Paul,

I don't think it will be that much difficult. I'm sure you'll find a nice long contract. When you are not in a hurry you have time to choose. You don’t jump for the first job opportunity. You just wait until you find the perfect match. That’s why I think you did a smart thing converting to full time, now you are buying time :)




I know, I've been a contractor and I'm thinking of getting back on contracting but I want to find one for at least 6 months.