Presumably, you’re considering self-employment because you’re good at what you do, and you also see a market for that skill as a service. That’s an excellent starting point! There are two factors at play when deciding whether the self-employed life is for you. The first is an understanding of what the market will bear. The second — and arguably more important — is understanding your own financial needs.
Who needs to understand this?
- Anyone going independent by choice
- Anyone going independent by necessity (layoff or other precipitating event)
- Anyone considering supplementing their income with side gigs
Presented at STC’s Career Planning in a Post-Pandemic World seminar.