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Essay On The Pros And Cons Of Being Your Own Boss

1001 Words5 Pages

The Pros and Cons of Being Your Own Boss:
Being your own boss requires a lot of planning, a bit of risk taking and a great deal of commitment to put you in that position of “boss”. While setting up a business in a field or niche you are passionate about makes it a whole lot easier for you to get better at being your own boss, the fact still remains that quite a lot of people dream about becoming their own boss and running the show; but not all of them are prepared for the hard work and dedication required to establish a successful business enterprise. Being self-employed may seem overwhelming at first, but in the long run, you’ll realize that that the benefits being your own boss far outweighs that of a regular day job. If you are still thinking …show more content…

No security of a steady paycheck: The most apparent con of being your own boss is that you will no longer have the security of a steady pay check at the end of the month. In as much as it feels safe knowing that you have money coming in at a certain time of the month, you’ll need to be a risk taker and be more than willing to sacrifice that steady paycheck for the chance to become your own boss.
2. You’ll do most of the grunt work.
One of the cons of being your own boss is that you’ll do a lot more work than an employed person. You’ll have to work day and night in the beginning to set up your business, to create a network of clients, to build a website and to build a portfolio. Even simple tasks such as paying for utilities and purchasing materials for your business will be done by you most of the time. You will be responsible things you never had to worry about when you had a boss who did all of that.
3. Poor Service translates to reduced profits.
With a regular day job, you can maybe have one bad day and your boss tells you to be better next time; but being your own boss means that a bad day equals no money and in the worst case, a lost client. You have to be willing to give your very best each day to make sure your customers are satisfied with your

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