What are the advantages and disadvantages of being self employed?
The main advantage of being self employed is that any money you make is yours (except what the tax man takes). You can work as much or as little as you want to. Although most self employed people are driven by a will to be successful. The disadvantages are that you don’t make any money if you are sick or if nobody wants your services for a while.You have to submit your own tax returns and organise your own pension. Basically your income is not guaranteed whereas if you work for a company you may make less money but your income is fairly secure. I would suggest that if you are thinking about being self employed you speak to some local self employed workers and find out their take on it. Good luck whatever you do!!!
