Self Employment

Self employment

Self-employment is when an individual decides to start and run their own business. In this digital age, anyone can easily set up their own business and become self-employed. Many people are simply taking advantage of this as there are plenty of tools online that you can use to start your own business. Some people may also decide to go on self-employment due to a lack of sustainable job in the industry while others want to earn more than a minimum wage. But what are the advantages and disadvantages of becoming self-employed?

Advantages

One of the benefits of becoming self-employed is that you are in charge of everything in your business including your time and money. It means that you are your boss and you make the rules. It’s also one of the many reasons why an individual would want to become self-employed.

Being self-employed means you have more flexibility with your time. You will have more time for your family and work on your other passions. You can also work as many hours as you want or take some time off depending on your business.

Disadvantages

When you become self-employed, there’s a higher risk of losing your money. So for example, in case the business isn’t doing well, it’s a possibility that you can end up with no money at all. Overall it is a bit risky, but it depends on your situation. You may want to assess your financial capabilities before venturing to self-employment.

Although you are in charge of your time, you may need to work longer hours to get your business up and running and ensuring you are making a profit by the end of the month. It means working for months until you’re in a position where you are earning enough money and profit from the business.

Government Help For Getting Back To Work

Government Help For Getting Back To Work

The majority of people receiving unemployment benefits in the UK are doing their utmost to find work, but it can be difficult to break into a career path when your skills or qualifications may be limited or you face other barriers in your life. Fortunately the government is constantly working to improve its facilities for helping people move from the UK welfare system to paid work. As someone currently claiming JSA (Job Seeker’s Allowance), there are many things you can do to help yourself make progress.

Firstly, you need to get all the support you can from your local job centre, which you will most likely be attending on a regular basis already. At Jobcentre Plus, the government’s main partner in helping unemployed people in the UK, you can investigate all the avenues available to you and get personal advice from your work coach. One of the main things they will ensure you’re comfortable with is searching for jobs, primarily online using services such as Universal Jobmatch, the government’s official careers search engine. There are many more places to look for job opportunities both online and offline, which you will be able to learn more about at your assigned Jobcentre Plus. (more…)

Trade your Professional Services for Goods and Save

A new alternative to online auction sites is currently growing in popularity, and there are a few unique advantages that may present themselves to new graduates, professionals who are temporarily between jobs and other unemployed people in various situations. What we’re talking about are websites that puts a modern spin on the classic barter exchange system – exchanging goods and services by users as a service in specialised websites.

The concept is that you can register on a site and list something you’re willing to trade. Instead of cash, you can either opt to part with goods that you no longer need, or perhaps unwanted presents that you can’t find a home for. Alternatively, you can offer your professional services to people who may need them, whether it’s something you have done as a career (or plan to in future) or just straightforward tasks that take up time. Whatever you choose to offer, you’re putting something out there that has value to someone else – ideally more value than it holds for you. (more…)