Common Errors Made By Self-Employed People
Being self-employed is a dream for many people. And while working for yourself can be a great thing, making the transition from working for someone else to self-employment is often fraught with mistakes. Consider these common errors that self-employed people make, as well as how to correct them.
Failing to Budget Your Income
When you’re self-employed, it is easy to think of every penny that you make as profit. However, if you do this, you may quickly fail to budget appropriately. When you’re self-employed, you’re responsible for all overhead costs, like the costs of your office, computer, electricity and more. What’s more, you are also responsible for paying your own self-employment taxes, a duty which must be fulfilled quarterly.
Letting a Client Dictate What Happens
When you’re self-employed, you’re the boss. This means that you get the luxury and privilege of setting your own prices and determining your own rates. Don’t make the mistakes of letting a client tell you how much they will pay and then going with that.
Forgetting to Budget Your Time
When you start working as a freelancer or a self-employed person, it can be tempting to say ‘yes’ to every project that comes your way. However, saying yes to too many things can result in you wearing yourself too thin; know when to say no.
CONNECT WITH ME:
For more of these articles, rule breakers, energetic solutions or concepts, for more ease and grace in your life or business, connect with me at http://sheevaunmoran.com. Grab my 5 Essential Energies for Success by texting the word “energy” to 949.214.4294 with your name. Remember that energy is within you…let it shine today!
- The brain has the ability to shift gears but the habits you have are likely keeping you in chains from that ease and grace you long for. . . #spiritualbusiness #mentorship #consciousbusiness #consciousliving #successprinciples #california #spiritual #alignedaction #author #speaker #wellness #health #transformational #businesswoman #awardwinning #businessgrowth #smallbusiness #manifest #entrepreneur #entrepreneurship #authenticity #consciousness #entrepreneurs #entrepreneurmindset #entrepreneurlifestyle #entrepreneurspirit #entrepreneurmotivation #leadership #smallbusiness #manifest #leadershipdevelopement #leadershipcoach