Deciding which to Choose: Work for Yourself or Someone Else?

When it comes to making money, there are two options: create the income with your own hard work and ingenuity or get hired by someone else who pays you for the work. There are definitely advantages and disadvantages to both. Here are some reasons to consider both.

Working for Someone Else

Having a job working for a company offers some security. Perhaps working as Plastererers brisbane for instance is one of the highly skilled job that is paying securely. You know how much you’re going to get paid and when. With that you can plan a budget and save up for things like retirement. You also get a lot of benefits including health and dental insurance, retirement accounts, and paid time off. If you work hard, there’s the potential for advancement and yearly raises. Some companies have other benefits including parties, prizes, bonuses, company swag, and family activities.

There are downsides as well. Your earning potential is limited and at any time, the company may decide to downsize, which will suddenly put you out of a job and forced to look for a new one. Also, promotions may come with more work but not an increase in pay.

Working for Yourself

There’s a lot of stress that comes from working for yourself, but there are a lot of benefits as well. For one, if you’re good at what you do and enjoy then work won’t feel like such a drag. You’re in control of your own life. You can take time off when you want without having to answer to anyone. You also have the ability to increase your hourly wage just by working harder and faster. You work as long as you need to instead of staying 8 hours to “look good.”