The Pros Cons of Being Your Own Boss

The Pros Cons of Being Your Own Boss The Pros Cons of Being Your Own BossPosted September 4, 2019, by JennyDo you hate being pushed around? Would you rather run the show than be a lackey for some hotshot? Do you think outside the square? Maybe youre just a daredevil and like taking (calculated) risks. If youre the sort of person whos always coming up with new and exciting ideas and revel in making them happen, youre just the type to be your own boss. Youve probably been honing your entrepreneurial skills since you were selling cookies in the school playground for five cents apiece. But now its time to turn professional.Being your own boss isnt just about picking and choosing your working hours, taking long lunch breaks and getting on a power trip. Being a boss and working for yourself is about taking your idea and turning it into a reality, taking well-thought-out risks and breaking the geschftlicher umgang mould.Being a geschftlicher umgang owner, working for yourself, starting yo ur own business,being your own boss - however you put it, it can all sound pretty cool in theory (and it can be pretty cool), but what about the practicalities. Is it really all its cracked up to be? Are you considering taking a leap of faith and going into business on your own? Get your pen and pad ready cos were about to dive into the perks and downers of being your own boss.ProsIndependence - no one asking when youre coming or going, monitoring what time you clock off or double-checking your workFeeling of self-worth - you had an idea and you turned it into a reality. Youre out there making a real difference and doing what you want to do. Go youDefine your lifestyle - you want to walk with the kids to school every morning, catch up with your mates for a long lunch, catch that 10 am yoga class you always have to miss out on. Guess what? You can do what you want when you want. Create a work schedule and lifestyle that makes you happy.Creative freedom - that manager that always shut down your ideas is no more, this is your time to shine. Feel inspired and get creative. From putting together a name and logo to marketing tactics and more, the creative floor is yours to take.Hire the team you want - choose the people you want to work with and create a workplace culture that you always wanted to be parte ofUltimate control - you are the boss, the business owner, numero uno. The final say lies with you and ultimately, what you say goesConsLong hours - yes you can choose your hours, but how long are those hours going to be. You need to work work work until the work is done. If you want success youre going to have to put in the hours to make it happen.Sleepless nights - Did you submit the right paperwork to the account? Will your product/service be a hit once it goes to market? Will your big investment pay off? So many questions thatll flood your might and riddle with your sleep.It can get lonely - When starting out your own business its likely youll be flying solo f or a little while or it might even stay that way, so yes, not having that afternoon tea break with your favourite colleague or the big Christmas party could make you feel like youre missing out and get a little lonely.Cash flow concerns - One of the most comforting things about working for someone else is knowing where your next paycheque is coming from. When having your own business you cant be so sure, especially in the early days when youre just starting to find your feet. So before going out on your own ensure you have some savings that can get you by before the cash comes in.You have to control your ich - Remember that thing we said about you having ultimate control? Yeh, well that can work for you and against you. Its important to not get ahead of yourself and let your ego get so big that its actually a hindrance for your business.Many budding entrepreneurs face the same issues when first starting out. While the great idea is bursting to be realised, the challenges of securing your cash flow and building a customer or client base affect all who take the plunge and choose to run their own business. Needless to say, this can cause a fair bit of stressWeighed up your options and ready to take the plunge? See what it takes to start your own business and be your own boss with our ultimate how-to guide.Small Business ResourcesSenior business analyst sample resumeSenior business analyst sample cover letterCareer Insider StoriesFabiola Gomez - Founder & CEO of LUXitTara Bennett - Designer & Director of the Provider StoreDaniella Boutros - Principal Cake Designer, ButterCreme LaneDonna Rendell - Director & Founder of Star Allergy AlertsKat Hocking - Chemical Engineer, Melbourne WaterInterested in becoming a?General ManagerBusiness ManagerManaging DirectorOperations ManagerEngineering TechnologistPopular Career Searchesnew york resume templatesick leave letter to bosshow to write your first resumehow to ace your next interviewguide to ace your next interviewSmall Business CoursesBachelor of BusinessEnquire Online Enquire OnlineCertificate IV in New Small BusinessEnquire Online Enquire OnlineBachelor of Applied Business (Management Major)Enquire Online Enquire OnlineBachelor of Applied Business (Marketing)Enquire Online Enquire OnlineJennyRelated ArticlesBrowse moreCareer changePERSONAL DEVELOPMENT5 Things To Consider Before Starting Your Own Small BusinessIf youve ever wondered why so many small businesses fail, and how you can prevent your new small business from following the same path. 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