Why You Should Be Self-Employed As a Youth? – Self-employment is a state or act of working for yourself. Being self-employed as an individual, you are in the position of working for no one but yourself. When you are self-employed, you do not work for an employer instead you work for different clients and get paid for every job you do.
As a youth, being self-employed is very important as you get to be flexible and autonomous on your job and in some cases, you tend to have different streams of income. Building your career as a youth is a very important goal to achieve and every individual have different goals they intend to pursue. While some persons would want to get a white collar job and have a constant and consistent salary, others would rather choose to be independent and have a wide range of income generating jobs.
Self-employment is an avenue to be your own boss and be a part of your own plan rather than someone else’s plan. So we will be guiding you on why you should be self-employed and how you can be self-employed even if you are starting your career or running a part-time job or tired of having just one stream of income.
In this article, we will be looking at:
- What is self-employment?
- 11 Characteristics of a self-employed person
- 10 Types of self-employed jobs you can engage in.
- 10 Benefits of being self-employed as a youth
So take your time and read the article carefully so you don’t miss out on any information.
WHAT IS SELF-EMPLOYMENT?
Self-employment is the act of working at your own convenience and working for clients instead of an employer who puts you on a consistent salary or wage. Self-employment is now getting a popular remark and audience around the world now as it has been seen to be of great help. When you are self-employed, you are working for yourself; you find your own work rather than being provided with work by an employer.
A self-employed person is an independent worker that conducts business or professional activities for his own benefit. The capitalist economy has created room for self-employment and entrepreneurship. Individuals have been given the opportunity to assess resources and make a living out of them. Self-employed jobs could be freelancing jobs, independent contractors, business owner, real estate and insurance agents. When you are self-employed, you have a contractual and close relationship with the person you work for. You do not work under any rule as you are fully independent and free to make decisions on your job, activities and life. You tend to generate your income directly from the consumers of your service or product.
“Being self-employed means you work 12hours a day for yourself so you don’t have to work 8hours a day for someone else” – Oliver Markus Malloy
11 CHARACTERISTICS OF A SELF-EMPLOYED PERSON
Self-employed persons have some traits and qualities. These qualities help you escape the shackles of unemployment and develop various streams of income. Some of the qualities you should possess in helping you become self-employed are:
- A self-employed person sees solutions where others see problems
Most successful entrepreneurs see solutions to many problems. They see problems as opportunities. To be self-employed, you have to be able to see problems as opportunities to make out something for yourself. You shouldn’t get frustrated rather look for possible solutions to the problems you encounter.
- A self-employed person is creative
Creativity is your ability to think of new ways to do something. It is your ability to look for modified ways to solve problems. A self-employed person is a creative thinker. For you to develop different streams of income, you have to explore ideas; generate possibilities and look for modified ways to address a challenge. As a self-employed person without consistent salary, the way you live depends on the effort you put into your business or work.
- A self-employed person is innovative
To be self-employed, you have to be able to generate ideas. There is a drive to sort for information and bring something out of nothing. You cannot choose to be self-employed and not be able to see opportunities and ideas. This is the basis for being self-employed. You have to be smart in identifying opportunities and develop ways of making use of the opportunities to your advantage. “If you cannot do great things, do small things in a great way” – Napoleon Hill
- A self-employed person is hard-working
You should know that your hard-work is the key to your success whether employed or self-employed. But the fact that you are working for yourself should make you to work hard because the more work you do, the more money you get. You are responsible for the choices you make so it is important for you to make and take the right decision and work hard.
- A self-employed person is smart and disciplined
Why will you choose to be self-employed if you won’t be disciplined and smart in carrying out your work. Since a self-employed person is a creative person, you should be smart as well as disciplined. For you to achieve success in your work or be successful, you have to know what to do, how to do it and when to do it. When you are organized, you tend to understand your job and that your life depends on how you work. Self-discipline is an important trait of a self-employed person.
- A self-employed person knows how to manage time effectively
We all know that time is a valuable resource that waits for no one. Therefore the way you use and manage your time is very important in your journey for success. You should know what to do at the right time and how much time you have to allocate on a task. Time management will improve your ability to function more effectively and work under pressure. “Time is a resource that is never enough”
- A self-employed person is competitive
Competition is inevitable as it makes you grow and get better. For an article writer, you have to always strive to stay ahead and deliver quality jobs for clients so as to remain relevant and get more gigs. A self-employed person embraces and enjoys competition. It is an avenue to get better, clever and smarter. Healthy competition is a drive to being successful in your journey to be self-employment.
- A self-employed person is always ready to learn
This is the bedrock of being better and developing in your everyday life. The importance of learning cannot be overemphasized. It opens you to a wide range of knowledge and makes you open-minded to different self-employment opportunities. “Learning never stops; therefore growing never stops”. A self-employed person should be ready to learn new things, old things in new ways and gain knowledge and expand your job opportunities. It is good to be a master of ones skill or field but having knowledge in some other area is equally good as it can prove useful in one way or another.
- A self-employed person is determined and self-confident
Making up your mind to leave a job of consistent salaries to venture into your own business or become your own boss takes a lot of courage and determination. Therefore succeeding should require more determination, devotion and self-confidence. If you do not believe in yourself, you won’t even think of being self-employed because you alone would bear the losses, failure, ups and downs, challenges and bottlenecks. You have to be courageous to excel as a self-employed person and an entrepreneur. Since you have a goal and also a standard, giving up shouldn’t come to mind.
- A self-employed person is not afraid of failing
The fear of failing or not succeeding is the reason for a mediocre result. Failure is not the end of the road but an eye opener to better ways to solve a problem or accomplish a better result. A self-employed person accepts failure and sees it as an avenue for success. You should put it in mind that from failure comes success and failure should make you work harder and smarter and not to relent and give in. you just have to PUSH (Press Until Something Happens) “I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison
- A self-employed person is consistent
Consistency is the act of being steady and regular in what you do. As a self-employed person, you should always be steady and regular in delivering jobs. This will boost your customer base and increase your productivity. Consistency is very important in self-employment. Possess a high degree of firmness and coherence in your profession. “Timing, perseverance and ten years of trying will eventually make you look like an overnight success” – Biz Stone
These are some of the qualities a self-employed person possesses. They are passionate about what they do. You cannot complain about what you do and expect to succeed. When you are passionate about your work, you perform it to the best of your ability and full potential and this is what yields quality jobs.
10 TYPES OF SELF-EMPLOYED JOBS
There are some types of jobs you can engage in or you should see as self-employed jobs. You get to work at your convenience and enjoy what you do. Some of these jobs are:
- FREELANCING AND CONTENT WRITING
This could be writing of articles, e-books, resume and journals. You get to work at your convenience and also work for different clients either as a freelancer or ghost writer. The internet has opened up different kinds of opportunities to write and earn. We have different blogs and websites that need contents in order to get traffics and therefore the services of content writers are highly needed in the society today.
This is the new oil money. You have the passion for writing and expressing yourself in a particular topic area, you can create a business out of this by starting up your own blog. The resources and technical know-how to start up a blog is not too complicated; provided you are consistent, you won’t go out of business. Some companies love to place advertisements on blogs and this is another way to generate money from your blog. You can also sell your products through your blog and many other streams of making money blogging and mind you, you can do this at the comfort of your home.
Remember the topic area should be a relevant one and the information you pass, should be needed by the readers so as to stay relevant.
- EVENT PLANNING AND DECORATION
Entering into the event planning business is another self-employment opportunity. You get to work for different people and also with different people. A properly executed event is really expensive and people love their events to be hitch-free and go smoothly. They are ready to spend money provided their event will be a success.
If you have an eye for designs, decorations or you know how to communicate well, here is your opportunity to start something. It could be for weddings, parades, birthday parties, housewarming, fashion shows, corporate events, political events etc. Your ability to deliver in your event planning and coordination will show your prospective clients that you are good at what you do.
- PROFESSIONAL AND INSPIRATIONAL SPEAKER
For someone that knows how to talk to a crowd and how to deliver a message to a large number of people effectively, this is your stage to invest your time and resources. You can specialize in business talks, youth talks, educational talks etc. There is a lot of flexibility that comes with this job. Business and institutions invite motivational and professional speakers and so you can start up something in this field if you are good at it. All you need is a few clients to start up.
- MAKING USE OF ACQUIRED SKILLS
The acquired skills could be
- Fashion designing,
- Hair dressing and barbing,
- Furniture making,
- Catering and baking services,
- Repairing cars, computers and home appliances,
- Dry cleaning clothes etc.
With these skills you have learnt, you can start up your own business with little capital and become a sole proprietor. You don’t really need a large capital to start up. You can start by moving from house to house and rendering your services. Having a hand skill is the fastest way of being self-employed. Having a skill will remove you from the crowd of those wanting or seeking a paid employment and start your own business.
- GRAPHICS DESIGNING AND WEBSITE DESIGNING
The computer age has given us a wide range of opportunities. It is now left to us to explore and make use of these opportunities. Graphics designing and website designing are one of the ways you can be self-employed and work at your own convenience. Many companies both existing and new entrant need logos, websites and advertising media (flyers, posters, banners etc.). Your skill of graphics design will help you create logos, animations, models and flyers for companies or clients and also designing an excellent website for companies is another self-employment skill. They contact you, give you the gig, you deliver and get paid. Life is good, right?
Taking of pictures is another self-employment opportunity. Taking pictures and doing it well pushes you to a wide market of prospective clients. In this kind of business, your job or work will speak for you. You get to take pictures at weddings, political events, school events, housewarming parties, family get-together and many more opportunities.
- INTERIOR DECORATION
If you know how to design and make something out of nothing, this is your call. This is a fun and lucrative career because you tend to be creative and in the process, love what you are doing. A lot of people know styles they want for their homes but they lack the skill to put it together. Your ability to be creative with your designs and artistic work, will act as a pointer to your prospective clients to see and reach you. You can exhibit your work on online platforms to get more clients and reach a large market of consumers.
- FARMING AND AGRICULTURE
Farming is a very lucrative business to venture into though it is really underrated. The benefits from farming cannot be overstated. It could be
- Fish farming,
- Poultry farming,
- Crop farming,
- Snail farming,
- Agricultural consultant and adviser,
- Cattle rearing, etc.
These are ways you can set up your own business. It does not require large capital to set up and does not require much skill either.
- ACADEMIC TUTOR
This is a natural and easy business to venture into provided you are sound in some subjects. There are key subjects that are required by students and in which the students need extra tutoring so as to improve. Your ability to handle these subjects very well will create a business for you in this area by helping the kids to improve. You can also market your business online and also by creating flyers and posters for advertisement.
There are many more self-employment opportunities around you and within your reach. The aforementioned are just a few of the wide range of self-employment opportunities. What you have to do is look around you, understand your environment and identify opportunities around you.
10 BENEFITS OF BEING SELF-EMPLOYED AS A YOUTH
As a youth or young individual, you are agile, vibrant and energetic. Being self-employed is the new best thing and route to follow. You set your life in motion, move at a pace and get better. You don’t have to wait for salaries or wages or work under strict rules and pressure. You get to be your own boss, set your own rules and be autonomous. Let us look at some of the importance of being self-employed.
- Self-employment leads to creation
Most if not all self-employed persons bring something out of nothing. Self-employed persons are innovative as this is a crucial trait of a self-employed person. Self-employment will bring about creation and innovation.
- You choose the time you work and number of hours
Self-employment gives you a great level of freedom as to the time you work and the hours you choose to work. You deciding to start work early and late depend on the output you receive and your capabilities. Entrepreneurs are always encouraged to work hard. This is because it all for your own good. Self-employment gives you the time needed to organize your family and also your life.
- You get the privilege to control your life
Being self-employed puts you in a position to be the master planner of your life, you get to make decisions and shape your destiny. It is being said that your destiny is in your hands. Being self-employed or an entrepreneur makes you take control of your destiny and control the pace and success of your life. But when you are under an employer, your success or financial status is tied to the success of your employer.
- You get to control your income and earn more
As a self-employed person, you have the opportunity to increase your earnings by increasing the number of hours you work. As a freelancer in any career, you get to work for different clients and there-by increasing your earnings depending on the number of clients you work for and number of jobs you do. Every money earned is yours as this is one of the features of self-employment.
- You have a better work-life balance
One of the problems people face is balancing their work with their life issues. Being self-employed gives you an opportunity to balance your life alongside your work. It makes you create time for your family as you get to choose the time you work and number of hours. You are not compelled to be punctual at work and so you get to attend to family needs.
- You get to spend less and save more
When you work from your home and at your convenience, you tend to spend less and save more money. You won’t get to spend money on transport, gas, eating out for lunch, expensive work clothes, etc.
- You get to be your own boss
This is the sweetest part of being self-employed. You are your own boss; you control your life and control the people you work with. Self-employment gives you a chance to control how you work and what you do. You control every part of your business and make every decision. When you are self-employed, you get to work for no one but yourself.
- You can work from anywhere
The fact that you get to work at your own convenience gives you the chance to work from anywhere. For a freelancing writer, you can work from any location, get inspiration from trips, and talk to people. You are not limited to a particular workplace. Your home is one place you can work from; you can also work from a coffee shop and many other places. Unlike someone employed by an employer that has to go to a particular work place. Most freelancing jobs (writing, photography, interior decoration, graphics designing and website designing) even blogging does not limit you to a particular work place.
- You get to follow your passion
Passion is what drives you to do what you do and do it well. Maybe you have grown to love writing or speaking, self-employment creates a room for you to explore your passion and build a career in what you love. You get to earn from you passion. “Success is not the key to happiness. Happiness is the key to success. If you love what you do, you will be successful” – Albert Schwetzer
- You get the chance to choose who you work for and who you work with
Being self-employed offers you the chance to work for many clients but the best thing is that you get to choose who you work for, create your own customer base and expand it. You also get to choose people you work with and create a close relationship with them. You do not get compelled to work with people you do not like.
In a closing note, the importance of self-employment cannot be overemphasized. It is very important though it comes with some disadvantages like
- Bearing the risk and losses alone
- Unpredictable and unstable income
- No employee benefits
- No health insurance
- Competition with bigger businesses.
But these disadvantages are small compared to the wide range of benefits you get to enjoy from being self-employed. So as a youth or anyone aspiring to be self-employed, you are on the right track and should really put your heart and mind to it because what is worth doing is worth doing well. Aspire to be your own boss and control your life today.
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe