Tips on how to work for yourself

There are basic two reasons why people want to work for themselves. In the first place, there are those who do not want or can’t work for a boss; an employer. In the second place there are those who want to write their own pay checks every month meaning that they want to make money and for this matter for as long as possible.

Whatever the motivation, here are some tips on how to work for yourself:

1. Start or buy a small business: Many people started successful shops or food outlets. Although it is a high risk business, people must eat and therefore a food outlet will make money. Be careful, it is long hours. Here you must take into consideration overhead costs like rent and hiring people.

2. Start a trade-orientated business: This is ideal for the qualified trade’s person. It is easy to set yourself up in a service or repairing trade business. The benefit here is that you do not need formal surroundings – it can be done from home.

3. Start a professional or commerce business: Here you can set up a business in the profession you are qualified in, for instance an accounting, bookkeeping or tax business. The benefit is also that you can do it from home.

4. Start an artistic or hobby-based business: Many people have started successful businesses as a result of a hobby or art they are good at. This is also an ideal home-based business.

5. Teaching business: Many people are qualified and employed in specialized fields who pass on their skills by teaching privately, for instance in South Africa where mathematics became a scarce skill, Mathematic Teachers have resigned from formal teaching surrounding to teach students privately at home.

These are only a few tips to provoke some thoughts. There are many other options one can follow.