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Digital Subscriptions > The Graduate Guide > The Graduate Guide 2017 > SELF-EMPLOYMENT

SELF-EMPLOYMENT

ARE YOU A BORN ENTREPRENEUR OR KEEN TO BE YOUR OWN BOSS?

People who are self-employed work for themselves instead of earning a wage from an employer or being committed to a specific employer long-term.

This is an increasingly popular option for those who are driven enough to go it alone and could include anything from occasional freelance writing to running a full-time marketing business.

Setting up a business isn’t just restricted to one type. Your options include working as a sole-trader, in a limited company, or with a partner. There are also franchise and freelance work options.

There are a few key tasks every prospective entrepreneur must follow initially: research the market thoroughly; write a business plan; and consider start-up costs and funding.

KEY SKILLS:

− MOTIVATION AND SELF-DISCIPLINE: You will have to be the one pushing yourself rather than relying on someone else to prompt you.

− COMMITMENT: This is vital so that you don’t give up at the first sign of any difficulties.

− COPING UNDER PRESSURE AND WITH UNCERTAINTY: Self-employment means that you have to be able to deal with ambiguity and stressful situations.

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About The Graduate Guide

The Graduate Guide 2017 has everything you will need for life after university. It covers 50+ career industries and looks at some top destinations overseas. Or if postgraduate study beckons, you’ll find loads of information to help you decide which route to take — in the UK or abroad. Whatever the next step is for you, The Graduate Guide is packed full of information and advice to help you on your way.

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