The Surprising Benefits of Self-Employment: 8 Reasons Why You Should Consider Working for Yourself 145

The Surprising Benefits of Self-Employment: 8 Reasons Why You Should Consider Working for Yourself - letsreachsuccess.com - lidiya k

Self-employment is one of the best things I’ve done with my life.

It’s worth the hard work, time, patience and focus it takes to get there. Many new doors open up to you in terms of making passive income, designing the lifestyle of your dreams, feeling freer than you can imagine, and building and growing new businesses.

The path to getting there is also enjoyable. It consists of hustling harder than an average person, but if you learn to love it and always know why you do what you do, you’ll crush it.

If you aren’t there yet, though, and are having doubts as to whether to pursue that dream at all, I want to share with you why it’s worth it.

Here are the benefits of being self-employed that you may be forgetting about:

8 Awesome Benefits of Self-Employment

1. You are the boss.

Working for someone else is bad for our self-esteem.

You know you’re inferior to someone, and most often even to those inferior to him. The hierarchy in a company blocks your creativity, productivity and ability to be initiative and go above average.

What’s more, at some point you stop caring about whether or not you’ll do a good job and simply want the workday to be over.

What if you were the boss, though?

You’ll be motivated to work hard, make existing clients happy, find new ones, build relationships, promote your products or services more effectively, learn new skills to be a better entrepreneur, and more.

The boss life is filled with responsibility, but the freedom makes it quite pleasant too.

2. You set your own working hours.

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One of the worst things about the 9-to-5 job is that you have to be there early in the morning, and are free in the end of the day when you don’t really have the energy to do what you want.

Your most energetic and creative time of the day, and of your most productive stage of life, is being taken away.

Not if you go for self-employment, though.

Everything chances the moment you know you can work whenever you want. That unleashes your creativity and makes you feel good.

And although you still work a lot, often more than 8 hours a day when you are getting your business off the ground, you love it.

What’s more, you can organize your day in the most effective way possible.

After experimenting for a while, you’ll find out what your best time for work is. That’s when you are more efficient, focus more easily and procrastination and distractions aren’t a problem.

Then, your job is to do your most important work for the day during that time.

It doesn’t matter if it’s the early morning before anyone has even started the day, the late afternoon when others are lazy, or even late at night when your creativity explodes.

It’s all in your hands. You still get the work done, but you do it when you feel like it.

3. Do what you’re passionate about.

Another one of the benefits of self-employment is that you can finally do what you love, and thus never feel like you’re really working.

A regular job makes you hate what you do.

You don’t find any meaning or joy in it, you don’t have the creative freedom to take your project anywhere, you can’t work on what you feel like on this particular day, and you aren’t motivated to get better at what you’re good at.

But if you’re your own boss, you’d choose a niche you’re interested in. With every product or service you offer, you’ll be solving a problem you care about. Using your talents and skills will help you make them quality. And your passion for the field is a sure way to never get bored of what you do.

A book your might like: Finding The One Thing You Were Born to Do: From recognizing to monetizing your passion

4. Owning your time.

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Your time is in your hands now and no one else can control it.

You can spend it as you wish, or do nothing when you feel like you need to take a break.

When you start making more money from your lifestyle business, you’ll be able to take vacations whenever you want to.

It works the other way around too. When you’re in the zone, you can work for 10 hours straights, and then rest for 2 days.

5. Starting new projects whenever you want.

At a regular job you do what you’re told and can never take up a project when you feel like, or when you think you’re the perfect fit to get it done.

Your manager makes the choices, and often they end up delegating stuff to those who have been in the company longer, or have the best education, even though you and others in the office know he won’t do a good job.

With self-employment, however, you can take up all the projects you have energy for, stop working on current ones if they are taking you nowhere, work on many things at once if you’re still being productive, and rejecting new clients if you feel like you won’t enjoy working for them.

That’s creative independence.

6. You stay true to your values.

When being part of the corporate world, or simply having to answer other people’s expectations when our salary depends on that, we may agree to do things we wouldn’t do in any other situation.

What’s more, you may not be treated with respect in the workplace and that will ruin your confidence and lead to disappointment.

But on your way to becoming self-employed, you’re building character, defining your core values and making sure you stay true to what you believe in.

That gives you peace of mind, harmony and true satisfaction from the person you’re becoming and the work you do.

7. You’re likely to get rich.

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If you work for someone else, you’ll never get rich, or be in control of your future.

But self-employment takes you on a different journey, one that can let you be wealthy and have the lifestyle you dream about with enough time, sacrifices, initiative and amount of hard work.

8. You get out of the system.

Employees are part of the system. They live in a prison and have no freedom or independence.

School, college and university prepare them to work regular jobs and to consider this a responsible life. As long as they are making money to pay their taxes, they are doing just fine.

That prevents them from thinking big, aiming high, taking risks, trying to build a business and even considering the thought of getting rich while having all their time back.

Few dare to say no to conventional wisdom and pursue their passions. Some give up because of the doubts and fears, the chance of failing, and the people in their surroundings telling them it’s impossible.

The ones who stay on this path long enough, though, are the game changes.

If you want to be one of them and feel all the benefits of self-employment, you owe it to yourself to take action as soon as possible.

Do it on the side first, until you start making your first money and feel confident in your abilities. Then, quit your regular job, break free from the 9-to-5 and work harder than anyone else to be able to live like a millionaire in a year (you don’t actually need a million dollars to do that, as most people wrongly assume). Just make sure you have a good grasp on doing taxes when you are self-employed as it can be a completely foreign process compared to ordinary income taxes.

Here are some things to get you started on the journey to self-employment:

What do you think? Are you ready to consider self-employment?

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The Five Elements of Flawless Customer Experience 10

The Five Elements of Flawless Customer Experience

Providing a flawless customer experience is the ultimate goal for any business.

There’s a lot that goes into creating a customer experience that keeps your clients coming back for more. In fact, there’s so much involved that it can almost seem overwhelming.

However, providing a flawless customer experience becomes much easier when you approach the task through these five distinct elements:

Time
Understanding
Ownership of Emotions
The Unexpected
Follow-Through

Time

When it comes to your customers’ satisfaction, time is essential. Think of how a great experience at a new restaurant quickly sours if you’re left waiting for your food to arrive. Think of how your excitement over a great department store sale turns into frustration as you stand in line for what seems like hours.

Time is your most valuable resource and it is up to you to make sure you’re using your customers’ time wisely.

This is why restaurants have comfortable waiting areas with drinks and appetizers, or why airports have lounges with restaurants, shops, and even bars.

If your customers are being forced to wait for a service, make them feel as if their time spent is not wasted. The more positive drivers you offer customers, the less likely they are to grow dissatisfied with their experience.

Think of how you can implement this in your own business. Are there places where you can help fill customers’ time? Are there places where technology can be used to cut down on the time it takes to complete a task? Remember, it’s the customers’ time that should be valued, not your own.

Understanding

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You must understand what your customers want, when they want it, and how.

While this may seem daunting, getting a better understanding of your customers doesn’t take millions of dollars, complex data analytics, and a degree in psychology. Instead, all it takes is a simple look. Watch their process, engage with them, ask them questions, and listen to them.  

How are customers interacting with your product? What’s the first thing they do when they enter your store? What’s the last thing they do before they leave? How long are they spending in each department? Do you notice anything that hampers their experience?

Take a look at your competitors. How are your potential customers interacting with them? What does this business offer that you don’t or vice versa? What is your, as Harvard Business School professor Clayton M. Christensen says, “job to be done?” What are your customers hiring your product or service to accomplish? Understand why your users are turning to your products.

Ownership of Emotions

Many companies have already taken hold of their customers’ emotions, though cynically. Subliminal advertising is a key example. However, the ownership of emotions does not have to be cynical. When used correctly, it can be the “holy grail” for companies.

Owning emotions begins with the aforementioned ability to understand. When you truly understand a customer’s choices and then act to make the experience better, you’re building a relationship of trust. That trust is the foundation of emotional ownership.

One way to build this trust is to reduce the “emotional” noise that surrounds your customers. Let them know that, even on their worst day, your business or product is there for them and that it will be a constant in their lives.

Think of restaurants and the long wait times you have to endure when they’re busy. Think of how angry—or “hangry”—you feel as you stand around, waiting for your table, and listening to your stomach growl. However, think of how some restaurants are able to reduce that emotional noise by serving you finger foods and drinks as you wait.

Also, seek to understand what emotionally motivates your customers.

Why should they be motivated to visit your store or use your product? To feel confident? Free? Unique? Secure? Successful? Research shows that all human beings are motivated by one of those factors.

The Unexpected

Experiences become stronger and more memorable when they’re accompanied by an element of surprise. Surprise can be addictive, which will only keep your customers coming back for more.

Think about mailing your customers or clients small packages with gifts and swag. Everyone loves to get mail and everyone loves free stuff, especially when it’s least expected.

A surprise doesn’t have to be a huge flash mob (though it could be!). Hand out snacks at your store. Is it a cold day? Give your customers hot chocolate or warm punch. Is it a client’s birthday? Send a card! Even a small note of thanks for a customer’s business is a nice little surprise.

The most important thing to remember: simply be sincere and don’t become predictable. Chocolates on hotel pillows were once a great surprise for guests. However, now that their wow-factor has faded, hotels are continuously trying to get back to the “unexpected.”

Follow-Through

You’ve made promises and established goals. The only thing that’s left is to follow through on them. This starts with creating your mission statement, one that you, your employees, and your customers can commit to it. This will define your customer experience.

Your mission statement must promise to impact yourself/your business, the community, or the world. It may commit to impacting one, or all three. However, whatever it promises, you must follow through on. Your customers’ trust, and thus their experience, depends on it.

More about these five elements can be discovered in Unforgettable: Designing Customer Experiences that Stick, to be published in 2018.

***
Kyle H. David has made a career in technology and entrepreneurship for nearly 20 years. In 2001, he formed The Kyle David Group, now KDG. Over the past 16 years, KDG has grown at a rapid pace, attracting clients ranging from the United States Senate to major financial institutions, international nonprofits, and Division I universities.