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What are the advantages of being self-employed?

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Quick Answer

Some of the advantages of being self-employed include flexibility, job security, the ability to implement creative ideas and solutions, the opportunity to lead others, and the chance to learn a wide variety of skills. Although self-employment requires strong personal commitment, it can offer many opportunities that conventional employment does not.

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Full Answer

One of the largest advantages for a self-employed worker is that he gets to be his own boss. This means a much greater deal of flexibility in terms of scheduling and other logistical concerns. Self-employed workers can create their own hours and complete tasks at their own speed. They don't report to anyone and have complete job security as long as their business exists.

Self-employed workers also have greater opportunities to bring their own ideas into their business. Rather than deal with the bureaucratic processes inherent in larger businesses, self-employed workers can implement new strategies and approaches directly into their operations. This makes their businesses more adaptable to changes in the market.

Self-employed workers also have opportunities for leadership if they choose to hire other employees. They have complete control over the hiring process and have the opportunity to steer employees' development.

Finally, self-employed workers often develop a greater range of skills and talents, such as marketing, accounting, negotiating and organizing, as a result of running their own business.

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