More people want to become self-employed in 2019. New research reveals who’s making the change and why they’re doing it.
Why people want to work for themselves
It seems that most respondents of a study want a better work/life balance, with many wanting to follow their passion and choose the work they do.
|I want a better work / life balance||45.63|
|I want to choose what work I do||43.92|
|I believe the sense of achievement would be greater||35.48|
|I want to follow my passion||34.57|
|I would like to work fewer hours||29.75|
|I believe I could earn more as my boss / going freelance||28.94|
|I would like to fit work around family commitments||27.04|
|I’m sceptical of the current employment landscape||15.98|
|None of the above||1.71|
Source: Freeagent (2019, UK)
Worth the gamble.
It appears that it’s worth the gamble. In a separate survey from the AXA, 82% of people say that their life is ‘much improved’ since they started working for themselves. Only 7% say that life is harder being their own boss.
Finding the confidence to become self-employed
Drumming up enough self-belief is the biggest barrier to people who want to work for themselves.
When asked what was stopping them, half of respondents put it down to a lack of self-confidence rather than the financial and practical sides of self-employment.
If self-confidence is the reason why people don’t take a next step, than it’s all about shifting the mindset to think possible.