{"id":511,"date":"2020-06-27T02:34:00","date_gmt":"2020-06-27T02:34:00","guid":{"rendered":"https:\/\/nickiong.com\/wp\/?p=511"},"modified":"2021-04-13T13:40:43","modified_gmt":"2021-04-13T13:40:43","slug":"the-pros-cons-of-being-your-own-boss","status":"publish","type":"post","link":"https:\/\/nickiong.com\/simplesprout\/2020\/06\/27\/the-pros-cons-of-being-your-own-boss\/","title":{"rendered":"The Pros &amp; Cons of Being Your Own Boss"},"content":{"rendered":"\n<p>As with all things in life, entrepreneurship comes with its positive and negative aspects. <\/p>\n\n\n\n<p>Whether you are new to&nbsp;business ownership or have been your own boss for years, there\u2019s no argument that there are times you\u2019ll benefit \u2013 and times you&nbsp;may lose out \u2013 by working for yourself.<\/p>\n\n\n\n<p>Here are the pros and cons of being your own boss.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"https:\/\/nickiong.com\/app\/uploads\/2021\/03\/female-business-owner-boss-1024x683.jpg\" alt=\"\" class=\"wp-image-512\"\/><\/figure><\/div>\n\n\n\n<h2>The Pros of Being Your Own Boss<\/h2>\n\n\n\n<h3>You can choose your own hours.<\/h3>\n\n\n\n<p>One of the biggest benefits I find from working for myself is that I can create my own hours and work schedule. This flexibility may not be right for every business \u2013 and every business owner \u2013 but I know many entrepreneurs are able to create their own schedules.<\/p>\n\n\n\n<p>Also, you may be starting earlier and finishing later than customers or your employees (and therefore putting in more hours per week), but you also have the flexibility of taking an afternoon off with a little less guilt. You are the boss, after all.<\/p>\n\n\n\n<h3>You have no one to report to.<\/h3>\n\n\n\n<p>Notice I didn\u2019t say \u201cyou don\u2019t have a boss.\u201d You&nbsp;<em>do<\/em>&nbsp;have a boss; you&nbsp;<em>do&nbsp;<\/em>have someone who writes your checks. Who are they? Your customers, of course.<\/p>\n\n\n\n<p>That said, you don\u2019t have a supervisor who you\u2019re reporting to. This sense of freedom allows the sky to be the limit: within reason,&nbsp;<em>you&nbsp;<\/em>get to make the rules because you\u2019re the one everyone is reporting to.<\/p>\n\n\n\n<h3>You decide your paycheck.<\/h3>\n\n\n\n<p>While this isn\u2019t to say you shouldn\u2019t be earning a regular (and fair) paycheck at your business, you have the unique ability as your own boss to grow as the company grows, rather than negotiating with\u00a0an employer for pay and benefits.<\/p>\n\n\n\n<script async=\"\" data-uid=\"9a4e83d7d9\" src=\"https:\/\/nickiong.ck.page\/9a4e83d7d9\/index.js\"><\/script>\n<br>\n\n\n\n<h2>The&nbsp;Cons of Being Your Own Boss<\/h2>\n\n\n\n<h3>You must hold yourself accountable.<\/h3>\n\n\n\n<p>For some, holding yourself accountable to deadlines, managing time, and even showing up to the office can be difficult without someone else telling you that you need to be. We aren\u2019t all born so self-motivated.<\/p>\n\n\n\n<p>Accountability is&nbsp;a big pitfall for business owners, so it\u2019s critical that you hold yourself to a high (often even higher than an employee) standards.<\/p>\n\n\n\n<h3>You may&nbsp;<em>not<\/em>&nbsp;have a steady paycheck.<\/h3>\n\n\n\n<p>Remember when I mentioned you can manage your own pay? When business is good, that\u2019s great. But&nbsp;profit and financial success can also be negative, and when you\u2019re accountable as the boss, it\u2019s coming out of your pocket first.<\/p>\n\n\n\n<p>For many entrepreneurs, your savings, investments, and livelihood may be on the line; so it\u2019s important to keep that in mind as you set out in business ownership.<\/p>\n\n\n\n<h3>You wear many hats.<\/h3>\n\n\n\n<p>This may be a positive for some, but negative for others.<\/p>\n\n\n\n<p>When you\u2019re responsible for the business, you likely need to multitask during different stages of the company\u2019s lifespan. For example, in the beginning, before you can afford to hire employees, you may need to wear&nbsp;<em>all<\/em>&nbsp;the hats.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>What other pros and cons have you experienced as your own boss? Comment below and tell us!<\/strong><\/p>\n\n\n\n<p><em><strong>Want to learn more about tips for starting your own business?\u00a0<a href=\"https:\/\/nickiong.com\/simplesprout\/2018\/04\/18\/starting-a-new-business-here-are-7-tips-you-need-to-know\/\">Check out this post!<\/a><\/strong><\/em><\/p>\n\n\n\n<div class=\"wp-block-group wp-block-post-footer\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-block-columns\">\n<div class=\"wp-block-column\"><div class=\"wp-block-author-meta\">\n  <div class=\"wp-block-author-meta__image-wrap\">\n    <img src=\"https:\/\/secure.gravatar.com\/avatar\/068eb63be25dcd4439f8625fb15c51d7?s=96&#038;d=mm&#038;r=g\" class=\"wp-block-author-meta__image\">\n  <\/div>\n  <span class=\"wp-block-author-meta__byline\">By Nicki Ong<\/span>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column\"><div class=\"wp-block-social-share alignright\">\n  <span>Share:<\/span>\n  <a href=\"javascript:void(0)\" class=\"wp-block-social-share__link wp-block-social-share__link--facebook\" data-sharer=\"facebook\" data-hashtag=\"hashtag\" data-url=\"https:\/\/nickiong.com\/simplesprout\/2020\/06\/27\/the-pros-cons-of-being-your-own-boss\/\" data-toggle=\"tooltip\" data-placement=\"bottom\" title=\"Post to Facebook\">\n    <svg class=\"facebook\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" width=\"22.426\" height=\"22.426\" viewBox=\"0 0 22.426 22.426\"><defs><clipPath id=\"a\"><path d=\"M0,9.731H22.427V-12.695H0Z\" transform=\"translate(-0.001 12.695)\"><\/path><\/clipPath><\/defs><g transform=\"translate(1)\"><g transform=\"translate(-1 0)\" clip-path=\"url(#a)\"><g transform=\"translate(-0.001 -0.002)\"><path d=\"M9.731,4.866A11.213,11.213,0,0,0-1.482-6.348,11.213,11.213,0,0,0-12.7,4.866,11.215,11.215,0,0,0-3.235,15.943V8.107H-6.082V4.866h2.848V2.394C-3.235-.416-1.56-1.967,1-1.967a17.26,17.26,0,0,1,2.51.219V1.011H2.1A1.62,1.62,0,0,0,.27,2.762v2.1H3.379l-.5,3.242H.27v7.836A11.215,11.215,0,0,0,9.731,4.866\" transform=\"translate(12.696 6.348)\"><\/path><\/g><\/g><\/g><\/svg>\n  <\/a>\n  <a href=\"javascript:void(0)\" class=\"wp-block-social-share__link wp-block-social-share__link--twitter\" data-sharer=\"twitter\" data-title=\"The Pros &amp; 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Whether you are new to&nbsp;business ownership or have been your own boss for years, there\u2019s no argument that there are times you\u2019ll benefit \u2013 and times&#8230;<\/p>\n","protected":false},"author":2,"featured_media":648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.9.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Pros &amp; Cons of Being Your Own Boss - simple sprout studio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nickiong.com\/simplesprout\/2020\/06\/27\/the-pros-cons-of-being-your-own-boss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Pros &amp; Cons of Being Your Own Boss - simple sprout studio\" \/>\n<meta property=\"og:description\" content=\"As with all things in life, entrepreneurship comes with its positive and negative aspects. 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