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Posted on November 2nd, 2017

The road to successful self-employment is paved with long workdays, difficult decisions, and an ongoing succession of ups and downs. While the ultimate results can be immensely rewarding, the journey to becoming your own boss is one that some people are not cut out to complete. Below are five key signs that you are NOT cut out for self-employment.
1) You are not able to multi-task. People who are self-employed often must wear many hats in their quest for success. You may have to play the role of CFO, Sales Director, and Marketing Manager on any given day. There is little time to devote attention exclusively to one task because so many facets of your self-employment will require your attention.
2) You require instant gratification. If you expect to generate a lot of business and make a lot of money right away through self-employment, you will likely be disappointed. Building a lucrative business through self-employment requires time and sustained effort on your part.
3) You are not comfortable making key decisions. Self-employed individuals must make difficult choices on a daily basis. There is no room for indecisiveness or procrastination, and you are now the boss who must finalize key decisions.
4) You need career stability. Stability is a foreign concept in the world of self-employment, especially in the initial stages of your career. If you are seeking a predictable career with standard 9 to 5 work hours and a regular paycheck, you are in for a big surprise. When you are self-employed, you must be prepared for unpredictable demands and regular income fluctuations.
5) You have unrealistic expectations. If you assume that you will become a millionaire within your first year of becoming self-employed, you will likely set yourself up for failure. While an optimistic approach is essential to coping with the ups and downs of self-employment, you need to realize that there will be disappointments, even if you work hard.
If you recognize that you possess any of the traits above, you may not be cut out to be self-employed. For more information on being self-employed in the construction industry, please contact us . We look forward to helping you weigh the benefits and challenges of owning your own construction business.
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