Tuesday, September 14, 2010

Self-Employed Status Versus Employee Status

By : Adrian F Alexa

Self-employment is an alternative to traditional status of an employee who decides to control his activity according to personal standards. However, professionals differently perceive self-employment. Some of them reckon this method as being too risky whereas some think that self-employment is truly rewarding. Below you may find the major pros and cons of self-employment in contrast with the "employee" status.

· flexibility vs. financial exposure

Nonetheless, self-employment brings forth major benefits. The first one is theta you can be your very own boss and you have the opportunity to fully control our activity, to establish a personalized schedule in accordance with your own personal demands. When it comes to self-employment, we immediately and almost unconsciously connect this concept with flexibility. Yet, the risks that are behind this appealing flexibility should not be ignored. The major risk is closely related to financial exposure. Financial vulnerability is definitely the greatest disadvantage of self-employment. Therefore, self-employment makes the difference between 2 different categories of active professionals. The first category assumes the risks whereas the second category prefers a safe track although this safety option involves some job limitations.

· freedom versus limitations

Self-employment means that we have the chance to run our business according to our own principles without any restriction. As for employees, they accomplish pre-established tasks following internal rules. Any diversion is not appreciated; on the contrary, it has negative effects.

Self-employment is definitely a brave approach, which might results in long-term success or in immediate failure depending on the personal abilities of the individuals who decide to face this kind of challenge.

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