Self-employment can insure that you can work on something you're
passionate about, set your own schedule and work at your own pace. The
rewards are yours alone. The downside is perhaps missing the camaraderie
of others, the social benefits, the intangible benefits as well as real
benefits, such as overtime pay, paid holidays, vacation time and a health insurance package.
If you're supporting a family the insurance benefits can be of utmost
importance, for no matter how hard you work at your business, any
illness that requires hospitalization or ongoing medication can take a
huge bite out of any profit you make. And if you have a partner, life
insurance to protect the business can be of equal importance.
If you are just contemplating going into business for yourself you would
be wise to take these factors into consideration before taking the
plunge. Do your homework and make sure your business plan includes the
insurance factor. Shop around for the best health insurance
quotes.
In spite of the possible risks in setting up your business, many people,
fed up with the 9 to 5 existence and following someone else's plan, the
comfort of a benefits package and insurance, are setting out to create
their own companies. In fact according to the
US Census Bureau,
the number of business with no paid
employees grew from the year 2002 to over 18 million in 2003, a growth
rate of 5.7 percent, and is still growing at a rapid rate, this
according to a report issued September 2005.
There are a lot of options for help with startup, help to obtain loans,
to formulate a business plan, etc., including help from the US
Government's Small Business
Administration (SBA),and also those sponsored by various States.
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