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Episode 2126:
Lisa Jeffs offers a balanced look at the freedom, growth, and fulfillment entrepreneurship can provide alongside the financial uncertainty, responsibility, and demanding workload it may bring. Her insights can help you assess your readiness, set realistic expectations, and make a more confident choice about pursuing an independent career.
Read along with the original article(s) here: https://lisajeffs.com/is-working-for-yourself-worth-it/
Quotes to ponder:
“When you are self-employed you become the person who is in control of how much money you make, what education you receive and what path you want to take. This means that your options are endless, and your potential is limitless.”
“Working for yourself might sound like freedom and in many ways, it can be. But it might also come with more work than you were expecting.”
“When you love what you do it can help you feel both more successful and more fulfilled.”
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[00:00:00] This is Optimal Work Daily. Is Working for Yourself Worth It by Lisa Jeffs of LisaJeffs.com Have you been thinking about making a change and becoming self-employed? There's no denying that there are major benefits to working for yourself, but it cannot be discounted that it also comes with drawbacks too. If you are currently working in traditional employment, becoming your own boss is a huge leap and not a decision to be taken lately.
[00:00:25] It is important to have realistic expectations about what working for yourself means to both ensure you succeed and feel happy while doing it. In this article, we will explore the question, is it better to work for yourself or someone else? We hope it gives you lots to consider so that if you do choose to become self-employed, you can feel empowered and prepared to take control of your success. It won't ever be easy, but we feel that working for yourself can certainly be worth it.
[00:00:52] If you feel that you could benefit from having support through your transition to entrepreneurship, or simply need to find clarity in making the leap, consider reaching out to a certified life coach. Your coach can help you believe in yourself and understand why working for yourself is better for you if it is what you truly desire. Why You Should Work For Yourself Working for yourself can be incredibly rewarding. It can also be stressful and highly demanding.
[00:01:18] What follows is why we think working for yourself can be amazing despite its challenges. 1. Freedom With Time Is there anything better than not having to ask your employer for vacation time off, or maybe getting off work a little early to pick up your kids? Having a flexible schedule that you set is a major draw to entrepreneurship.
[00:01:38] Though not every business will be as flexible as some, such as restaurants and stores that have set hours, you should enjoy some freedom with your time being that you are the one who's responsible for setting your schedule. 2. Endless Growth Potential When you work for someone else, your professional growth has the potential to be stunted if you're not offered opportunities to allow you to grow. This can impact your financial success as well as your personal feelings of success as a person.
[00:02:05] When you are self-employed, you become the person who's in control of how much money you make, what education you receive, and what path you want to take. This means that your options are endless, and your potential is limitless. And 3. Do Meaningful Work Sometimes when you work for someone else, you're doing work that is less than meaningful to you. Your job may pay your bills, but it might not be something you are passionate about, let alone actually interested in.
[00:02:31] Being an entrepreneur likely means that you are passionate about your work and find it to be meaningful. When you love what you do, it can help you feel both more successful and more fulfilled. What Makes Working for Yourself Challenging? 1. Your Income and Employees Rely on You Being an entrepreneur means that you are entirely responsible for your income and possibly the salaries of your employees if you have any.
[00:02:56] This can be added stress, as something going wrong, like losing a sale or having a major expense, can add extra strain to your life. You may also be required to work even when you would rather not, as there might not be anyone to fill in for you. You carry the weight of your business's success. 2. Your Financial Situation May Be More Complicated Being an entrepreneur can mean that your income increases, but it may also become variable and less predictable than your current traditional employment.
[00:03:25] You may not be able to rely on a steady paycheck, and instead might have some months that you earn higher than others. For some people, this is not an ideal situation, and they would prefer the dependability of regular and predictable income. And 3. It Might Be A Lot Of Work Working for yourself might sound like freedom, and in many ways it can be, but it might also come with more work than you were expecting. Many entrepreneurs work long days and work harder than they had at their previous employment.
[00:03:53] For some, this is due to necessity, while for others, it's due to a passion and never wanting to stop. Some people prefer to check in and out of work at specific times and not have to worry about what is going on when they are not there. Though entrepreneurship is often a lot of work, it can also be a lot of meaningful work that you feel passionate about. Find clarity in your choice. There is nothing wrong with working for someone else, and if you feel happy, fulfilled, and successful, there might not be any reason to make a change.
[00:04:23] But if entrepreneurship is calling you, answering the call might just be the best thing you've ever done. Entrepreneurship can be a big step, and it is important to feel confident and secure in your choice in making change. Consider reaching out to a confidence coach or entrepreneur coach for support in turning your dreams of entrepreneurship into a reality. It won't always be easy, but going after your dreams and living your passion is most certainly worth it.
[00:04:50] You just listened to the post titled, Is Working For Yourself Worth It? by Lisa Jeffs of lisajeffs.com And thank you to Lisa for letting us share her work today and across our network. Lisa Jeffs is an intuitive life coach and entrepreneur coach from North York in Toronto who serves clients all over the globe. Lisa helps entrepreneurs, leaders, visionaries, and experts discover and live their greatest life's purpose.
[00:05:16] She's been featured in publications such as Thrive Global, Tiny Buddha, YFS Magazine, and Awesomeness TV. As I mentioned, she lives in Toronto with her creative teenager and rambunctious tortoise. For more great articles and content from her, you can check out her website at lisajeffs.com And a reminder, we are here every day, including weekends and holidays, so make sure to subscribe or follow to get all of the episodes downloaded automatically.
[00:05:43] And I will see you back here tomorrow, where your optimal life awaits.