Self Employment Trends

A new report by the accounting software firm Fresh Books indicates that self-employment is estimated to increase dramatically in the next two years. Over 2700 full-time employees, independent contractors, and business owners were surveyed online. The survey is of particular value because it does not include the new “gig economy”, individuals who work with firms like Uber. The study focuses on individuals who earn income based on independent client-based work.

There are multiple reasons individuals are choosing to pursue self-employment. The freedom that comes with self-employment is unparalleled. Freedom was a primary contributor to my decision to pursue self-employment. The reasons the respondents gave closely mirrored my thought process.

  • Control over career
  • Career change
  • Financial
  • Family
  • Health

 

Self-Employment Trends in the United States

The Fresh Books study indicates a reversal of the stagnation in self-employment indicated in a 2014 article in the Harvard Business Review titled: Where Are All The Self Employed Workers? You can read the full article here.

Self Employment Trends 2014 Harvard Business Review

 

The barrier to entrepreneurship has decreased. The internet has made it possible for a small business to communicate with millions of people via social media. E-Commerce entrepreneurs can sell merchandise without the expense of inventory via drop shipping and print on demand, and digital products and courses. Most importantly the internet has allowed unprecedented access to knowledge. We are living in a golden age. Individuals in the United States having the ability to leverage information to produce income.

 

Self Employment Is Not Easy

 

Before venturing out into entrepreneurship fulltime you need to prepare. Our article, 10 Steps to Start Your Business in 2018 provides step by step details on how to prepare both personally and financially. The 2018 Self Employment Report by Fresh Books, indicates future business owners are taking many of the steps outlined in our article. You can read the 2018 Self Employment Report by Fresh books here.

 

  • Saving money
  • Paying down debt
  • Proof of concept validating the business idea
  • Learning new skills
  • Execution
Disclosure: Jef Scot is proud to be an affiliate of Fresh Books Accounting software.  We will receive compensation from Fresh Books if you decide to purchase the service.  Jef Scot researches hundreds of products and services to provide the best solutions to customers we serve. We feel obligated to partner with those companies when possible to find the best resources to save you time and money. We are independently owned and the opinions expressed here are our own.

Jef Scot provides solutions to small business in web design, web hosting, direct mail, e-mail and online marketing. Please review our Solutions page for services that will help you start and or grow your business. Use the discount code: Business2018 for $50 off.

Author Geoff Burch offers practical tips on what it takes to become a successful entrepreneur. Are you taking advantage of all of the opportunities available? Click on the image to purchase the book on Amazon.

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