Yes, it violates most of the Fastlane Commandments, especially Scale & Time, but graduating from Employed to Self Employed can and has been a major stepping stone for many of us. Here are my top 5 reasons why being self employed is not a road that converges with abundance and wealth, but still an exit ramp that will allow you to get off the Slowlane!
1) Responsibility and Accountability.
Yes, some of us understood the importance of these two conceps while working a job, but being by yourself forces you to embrace them. While being alone, you are paid for your productivity, not for your time. Don't want to work? Don't get paid! Action and Reaction become daily reminders that everything that happens in your life is YOUR FAULT.
2) It pays more than a job
Simply by cutting the middle man (your boss) and serving the source directly, you can easily DOUBLE your salary while doing the exact same job. Of course you don't have the benefits, insurance and so on, but let's face it, when you need cash to start your own thing, the last thing you want is to pay union fees.
3) The schedule
A journey to wealth is demanding, but it's possible to make it more comfortable. Having the luxury of making your own schedule can definitely increase productivity and allow you to respect your natural sleep/productivity patterns. I personally can have 18 hours days if I manage my own schedule, but when if I have to wake up at 6am to beat traffic, forget about it.
4) Less headwinds
The simple fact of not being in the "comfort" of a corporate environment can at least give you a taste of what financial freedom might feel like. I remember walking my dog every day at 12h30 while some office people were on their lunch break. The simple fact of not being one of them anymore felt great. I didn't have to fight the social pressure of keeping up with the Joneses.
5) Control
While you might have a hard time putting food on the table (maybe not), at least you chose to be there. As a self employed worker, no one can fire you from your job. You might lose clients once in a while, but at least you can diversify and prepare escape plans. Also there's no begging for a pay raise. One day I decided to increase my prices by 30% because I had a full schedule and couldn't take anymore job. Guess what, it worked and that was my new salary. I didn't have to beg or go back to school to increase my intrinsic value. It didn't cost a dime and it took a few seconds to implement.
As mentioned previously, self employment was a major stepping stone in my journey towards creating a real business system. It's part of my process and I'm happy I did it. As we speak, I'm nowhere where I want to be and all my time and money goes into my business, but I haven't worked in 2 months and it's the closest I've been to wealth in my entire life.
1) Responsibility and Accountability.
Yes, some of us understood the importance of these two conceps while working a job, but being by yourself forces you to embrace them. While being alone, you are paid for your productivity, not for your time. Don't want to work? Don't get paid! Action and Reaction become daily reminders that everything that happens in your life is YOUR FAULT.
2) It pays more than a job
Simply by cutting the middle man (your boss) and serving the source directly, you can easily DOUBLE your salary while doing the exact same job. Of course you don't have the benefits, insurance and so on, but let's face it, when you need cash to start your own thing, the last thing you want is to pay union fees.
3) The schedule
A journey to wealth is demanding, but it's possible to make it more comfortable. Having the luxury of making your own schedule can definitely increase productivity and allow you to respect your natural sleep/productivity patterns. I personally can have 18 hours days if I manage my own schedule, but when if I have to wake up at 6am to beat traffic, forget about it.
4) Less headwinds
The simple fact of not being in the "comfort" of a corporate environment can at least give you a taste of what financial freedom might feel like. I remember walking my dog every day at 12h30 while some office people were on their lunch break. The simple fact of not being one of them anymore felt great. I didn't have to fight the social pressure of keeping up with the Joneses.
5) Control
While you might have a hard time putting food on the table (maybe not), at least you chose to be there. As a self employed worker, no one can fire you from your job. You might lose clients once in a while, but at least you can diversify and prepare escape plans. Also there's no begging for a pay raise. One day I decided to increase my prices by 30% because I had a full schedule and couldn't take anymore job. Guess what, it worked and that was my new salary. I didn't have to beg or go back to school to increase my intrinsic value. It didn't cost a dime and it took a few seconds to implement.
As mentioned previously, self employment was a major stepping stone in my journey towards creating a real business system. It's part of my process and I'm happy I did it. As we speak, I'm nowhere where I want to be and all my time and money goes into my business, but I haven't worked in 2 months and it's the closest I've been to wealth in my entire life.
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