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Leverage the Digital Economy and Work for Yourself

During the early history of America, before the Industrial Revolution, before corporations in the U.S. hired most of the workforce, most people worked for themselves.

They assumed that the best way to make a living was to choose a line of work that fit their talents and aptitudes and find customers who needed their products or services.

The country is again at another critical turning point. The nature of work may go back to the good old days.

The pandemic taught us two things:

First, job security is a myth. Many hard-working people lost their jobs. Despite years of unstinting loyalty, they were out of work. They had to abandon their job security at no fault of their own. They lost their jobs because the economy took a hit.

Second, it’s almost entirely possible to run a business on the backbone of telecommunication technology.

Many companies, especially those in the digital space, actually prospered while physical, location-based businesses collapsed because of insufficient walk-in traffic.

Now, here’s the thing: it doesn’t matter whether you are a one-person business or a company with hundreds of employees, you can run a prosperous business online.

The question to ask yourself is if you should work for yourself or for someone else.

Drawbacks of Working for Yourself

There are a couple of them so it’s important to know what you’re getting into.

  1. You might lose your health insurance.

Since health insurance is often so expensive, many people believe they need to be employed by a corporation to have it. That without working for a big company, you can’t afford to get any health insurance at all.

That is a common misconception.

Some insurance companies offer a flexible plan, giving you the option to only buy as much coverage as you need. When you search healthcare quotes online, you’ll find affordable health insurance plans.

  1. You don’t know how to start your own online business.

Although this might seem like a reasonable objection, it doesn’t stand up to scrutiny.

You can get plenty of free tips online on exactly how to start and run your own small business.

You can learn about how to set up any kind of online business you desire just by taking a few business courses. Many online education portals offer affordable classes for you to learn almost any business skill

Job Satisfaction

In simple terms, job satisfaction is working for a living based on your own terms.

The best way to understand job satisfaction is to take a closer look at its opposite: job dissatisfaction.

Dissatisfaction with the job market comes in two flavors:

  1. You can’t find a good job.

Perhaps you lost your job during the pandemic because the business you worked for closed down.

Now you feel frustrated at not finding a good job. Either you are not finding one that matches your experience and skills and pays what you used to earn or you cannot find a job at all.

  1. You don’t like your job.

You know you should be grateful. Unlike many people you know, you should consider yourself lucky to have a job.

While you often try to force yourself to feel grateful, you know you’re only lying to yourself. The job you have just isn’t for you.

Although you are earning a decent living, it bores you to tears. You spend eight hours doing one tedious task after another and can’t wait to go home in the evenings.

Fortunately, modern technology solves both sources of job dissatisfaction. It offers you something that you may not have seriously considered: self-employment.

An Idea Worth Thinking About

Working for yourself is something that you might want to consider.

You can start your own home-based business as a full-time or part-time venture. You can build a small business to supplement your income from your regular job or to break from the 9 to 5 routine.

Do some online research to see if creating your own online venture is a good way to improve any financial pressures you face in these difficult times. For instance, read websites advising entrepreneurs on how to succeed in the digital space.

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