But for the right individual, it can also be a personally and financially rewarding one. Self-employment is the ticket to higher earnings without limit and the right to control and work your own schedule. But it's not easy work. A lot of self-employed people are working longer hours and weeks than ever. People who go into self-employment set varying goals for themselves as a result of different expectations and desires.
Some people take the entrepreneurial path to achieve their economic, personal and retirement goals.
Your goal for starting your own business will factor significantly in just about any decision that you make along the way. The kind of business that you start, its structure and legal form, marketing strategy for your products and services, aggressiveness in securing financing, and just about every step will be dependent on your overarching goals. They regard entrepreneurship as the only path for them to earn the kind of salaries and income they can only dream of as a corporate player. Like Jennifer, a number of people feel that working in an organization as an employee limits their earning potential. While they may be enjoying a regular and steady paycheck, they feel that they can do more and earn more if they devote the same eight hours that they work for their bosses to their own businesses.