Posts tagged with: self-employed

Better get used to those high unemployment rates

Tired of seeing unemployment linger near 10 percent? Well, you better get used to it. According to a growing number of economists, the country won’t see normal unemployment levels again until sometime around 2014.

According to an Associated Press story, many economists think it won’t be until then that we’ll see unemployment drop back to levels of about 5 percent. Yes, that means it’s going to be awfully tough to find a job for the next five years or so.

This is more than just a bit depressing. It makes me think, though, that we’ll see a growing number of people begin their own businesses. If you can’t find a job working for someone else, why not start your own business? Sure, the odds are good that it will eventually fail. But the odds aren’t so great that you’ll keep a job when you’re working for someone else, either, unfortunately.

Self-employed workweek never ends

There are a lot of advantages to working for yourself. But there are some big disadvantages, too. For one thing, there’s no one responsible but you should times get tough. Secondly, it’s awfully hard to turn off the workweek.

There’s always one more thing to do before shutting off the computer at the end of the day. It can play havoc with people’s personal lives. It can even endanger a marriage.

And it’s even worse in today’s struggling economy, at least according to this story in the Wall Street Journal. The self-employed are worried that they’ll miss a big contract or a financially strong deal, so they’re more afraid then ever to take vacations or long weekends. It all adds up to nonstop work.

We all know that there’s nothing fun about working all the time. Sure, there are people who thrive on working long hours, who dedicate the majority of their lives to business. But what if that business fails? What are these folks left with?

That’s a scary thought for any dedicated self-employed professional. Unfortunately, in today’s gasping economy, a growing number of self-employed consultants, writers and business owners are facing that very question.

More going the self-employed route, just not by choice

Remember when working for yourself was a choice that savvy entrepreneurs made? These days, it’s more of a choice that’s been forced upon people.

A growing number of people who’ve lost their jobs haven’t been able to find new employment. So they’ve started their own businesses.

A recent story in Computerworld highlights the trend of entrepreneurs being formed not out of choice, but out of necessity.

Many people have dreamed of telling their boss to get bent and then going out to form their own successful small business. Problem is, doing this is really difficult. Well, not the telling your boss to get bent part. That’s easy. Starting your own business, though, that’s a real challenge.

It’ll be interesting to see how many of these new self-employed workers remain self-employed once the economy finally turns around and companies begin hiring again. Knowing how much work it takes to run a business, I have the feeling that many of these self-employed entrepreneurs will be happy to go back to work for a company once they get that chance.