Here’s a little snippet from the income-earning/self-employment section of my ebook.
I’m seeing a lot of us being guided wrong by people who aren’t telling you everything. A lot of people quit good jobs not fully understanding what they were getting themselves into. Mistaking side hustles & self-employment for business ownership.
🚀 Important Lesson
Self-employment gives freedom but it can also create pressure because the business depends heavily on YOU. Many self-employed people eventually realize they don’t just need income, they need systems.
Many people also mistake self-employment for true business ownership. While both involve operating a business, there is a major difference that we’ll discuss next.
Self-employment can often be more difficult than traditional W-2 employment because you leave the structure and simplicity of having one defined role within a larger system, trade one boss for many customers, and become responsible for nearly every part of the operation yourself.
This can also result in a lower hourly wage than you earned at your job, especially in the beginning.