The main benefits of self-employment


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Sine the recession more and more people are choosing to work for themselves. Being self-employed offers some enormous rewards as long as you have enough motivation; and are prepared to make the necessary sacrifices. In this presentation we are going to take a closer look at some of the main advantages to being self-employment.

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The main benefits of self-employment

  1. 1. The Benefits of Self Employment The Serviced Office Company
  2. 2. Self Employment <ul><li>We work with a lot of people who are self employed, while of course there are a number of risks associated with working for yourself there are also many enormous rewards. </li></ul><ul><li>For anyone thinking of taking the plunge and ‘sacking their boss’ we have put together this presentation to illustrate the main advantages of working on your own. </li></ul>
  3. 3. Higher Earning Potential <ul><li>Generally most organisations set your salary at a fixed rate until you have a pay review or manage to secure a promotion. If you are self employed most of the time you can chose to pay yourself what you like. If you have a very profitable month you can reap the rewards of your efforts directly rather than having to give a large chunk away. </li></ul><ul><li>Obviously there is a downside to this; if you don’t make much of a profit you won’t get paid, but if you are sensible with your financial management, you should be able to arrange your cash flows to cover any quiet periods. </li></ul>
  4. 4. Work around you own schedule <ul><li>Being self employed means you don’t have to request holiday from someone else and of course you can choose how many days off a year you are allowed to take. </li></ul><ul><li>If you are really busy it can be quite difficult to take time off, but because you are in charge of your own work load you can manage your time to fit in conveniently with any other commitments you might have like looking after children or elderly relatives. </li></ul><ul><li>If you find your work load to be too high you can often outsource work to other people or businesses you trust. This is something that often happens with clients in our serviced offices. </li></ul>
  5. 5. Be your own boss <ul><li>It’s likely that for most of us there will have been at least one occasion during our working lives where we have disagreed with our superiors at work. Sadly, against our better judgement we’ve had to accept their view simply because they are in charge. </li></ul><ul><li>If you work for yourself no one else can tell you what to do because you are the boss! Although to some this represents a position of uncertainty and risk for many entrepreneurial individuals it is the ultimate reward for all their hard work. </li></ul>
  6. 6. Self Reward <ul><li>Working for yourself can be incredibly rewarding. Dealing with seemingly tiresome dead end tasks for your employer can seem tedious and time consuming but when you are working for yourself you are able see the direct results of everything you do. </li></ul><ul><li>Most people find it a lot easier to be motivated to complete even the most monotonous tasks when they realise the results will directly effect them and help to move their business forward. When it comes to working on bigger and more challenging projects this extra motivation can help you achieve a lot more. </li></ul>
  7. 7. Tax Arrangements <ul><li>If you are working for an established organisation there will be set tax arrangements in place that will automatically deduct money from your wages each month. You will not be able to claim any extra tax rebates because everything you earn goes directly through the company you work for. </li></ul><ul><li>However if you are self employed there are a number of tax reductions available. For example if you register any of your vehicles in your businesses name you will be able claim back the VAT spent on petrol for work journeys. Over the course of a year this can add up to a substantial amount. </li></ul>
  8. 8. The chance to build you own business empire! <ul><li>How many times have you watched programmes like Dragons Den or the Apprentice and thought that could be me? </li></ul><ul><li>Alan Sugar, James Caan and Duncan Bannatyne all started out in business on their own. They started out small but their companies grew and grew until they got to where they are today. </li></ul><ul><li>Of course not every new business ends up being as successful as the Dragons have been, but if you have the belief, the desire and the motivation working for yourself could help you achieve your dream of becoming the next Sir Alan! </li></ul>
  9. 9. Serviced Offices <ul><li>As we mentioned at the start of the presentation a lot of our clients are one man or woman start ups. They enjoy working with us because our offices are perfect for small businesses: </li></ul><ul><ul><li>We’re in great locations that are close to essential resources. </li></ul></ul><ul><ul><li>Our clients have the chance to network with other small business people because they are surrounded by them every day. </li></ul></ul><ul><ul><li>Our clients get to work in modern professional looking offices. </li></ul></ul><ul><ul><li>We have bike racks as well as showers and changing areas. </li></ul></ul><ul><ul><li>All of our office space is totally unbranded. </li></ul></ul><ul><ul><li>We supply future proof IT and telecom systems. </li></ul></ul><ul><ul><li>All our clients have access to direct phone numbers. </li></ul></ul><ul><ul><li>We supply free beverages. </li></ul></ul>
  10. 10. How we can help <ul><li>If reading this has inspired you to get your own business going have a look at our website to see how we can help you take the next step in making your business dreams come true! </li></ul> Serviced Office Company HQ: Davenport House 16 Pepper St Glengall Bridge London E14 9RP 0800 319 6600 Manchester offices: Imperial Court Exchange Quay Manchester M5 3EB 0800 319 6600