Top 5 benefits of being Self-Employed!

Being your own boss and working on your own terms definitely takes you on a high. So if you are thinking of being self-employed, below are some great benefits to it…

People in many professions have an option that can grant them a better status, keep them in the country and provide money, as well. That option is to become self-employed – i.e. work on as a freelancer or a consultant. Of course, the number of industries that allows this move is limited, but if you’re in public relations, real estate, writing or any other service-based industry, consider this viable option that gives time to look around for a job while you try something different.

Although it is a costly option to go on self-employment but you know what, it allows you to remain in the UAE legally. Yes, that’s right and there are many benefits of immediately designating yourself self-employed too. Here are just a few:

  1. Let’s you stay in the UAE: In case you have lost your job, all you will have is just 30 days to find another before you depart the country. But if you think that you can land work on a consultant or contract basis quickly, consider going to self-employment because it will allow you to legally stay in UAE. Free zones across the different emirates provide options that range from a freelance permit to commercial licences. You may find some affordable options based on the scale of business you’re planning to engage in.
  2. Avoids employment gaps: Employers often are sceptical about candidates whose resumes show employment gaps. Having an empty portfolio can work against you, however if you are working as a freelancer on self-employment basis you can show the line-up of projects to future employers thereby putting you in a positive frame.
  3. Helps you build connections: When you’ve a service to offer, you have a reason to meet with decision makers in professional networks. By doing so, you get a chance to keep your connections alive and keep yourself on the minds of those who may be hiring. Just watch out that your new status of being self-employed doesn’t get in your way of being hired. Although you need to maintain a positive attitude about your business and accomplishments and leave the door open for job offers if they seem to be right for you.
  4. Learn the trick of the trait: If you’ve worked for your entire career on a pay check, working independently will require some knowledge that is similar to running a business but at a much more limited scale. Still you should learn the basics that protect your interest. Get in touch with other independent consultants or freelancers to see how they manage their purchase orders and payments. When it comes to payments, there is an acceptable margin of risk that every independent contractor has to take in order to get moving and working. However, it is important to cover your bases as much as possible. Learn about any rules, regulations or laws that govern your industry to make sure that you don’t cross the line.
  5. Pick relevant work: In most cases, taking a self-employed position is easier if it is in your own field. However, you may be lured into joining a group of friends in a partnership that grants you the residency benefits, but through a different business.
    There are two drawbacks to this decision. The first is the legality of the business you will do afterward. Look out for violating the labour law by being licensed to do one business and actually working in another. The second drawback is that if you change your activity – even temporarily – you may be complicating your prospects of landing a job. Don’t change career inadvertently to solve an immediate problem.

So before you take off yourself from the shelf and find it daunting to overcome the reliability of a pay check, work for yourself and take control of your own destiny even though there is a pool of risk with being self-employed but the benefits and rewards in the long run are worth the effort. Don’t give up before trying your hands on it!

October 4, 2017