I’ve Been Self-Employed My Whole Working Life. It Suits Me.

Self-employment is a way of life that allows individuals to have more control over their income, time, and work-life balance. However, it is not for everyone, and many people prefer the security of a steady paycheck and the guarantees that come with traditional employment. For those who are successful in self-employment, it can be a fulfilling and rewarding career path that allows for growth, creativity, and financial independence.

My journey into self-employment started in my early twenties, full of big ideas and a hunger for success. I worked hard, took risks, and made a lot of money, but the first half of my career ended in disappointment and loss. It wasn’t until I hit rock bottom that I realized that my mindset needed to change if I wanted to achieve sustainable success in the second half of my career.

1. Understand That Your Life Won’t Change Itself

At some point, we all reach a crossroads in our lives where we wonder if there is something better out there. If you find yourself asking this question, it’s a sign that a change is needed. But change doesn’t happen by itself, and it’s up to you to make it happen. You can’t expect different results by doing the same thing over and over again.

2. Resolve to Act

Once you realize that change is necessary, you must have the courage to act on it. Anger or frustration about your current situation is a sign that you haven’t resolved the conflict within yourself. Take the first step toward change, and don’t regret the things you didn’t do.

3. Believe in Yourself

Self-belief is a vital element of a successful mindset. Whether you’re starting from scratch or starting again, it’s an essential characteristic that all successful entrepreneurs possess. If you lack self-belief, you can develop it with time and effort. Failure is not the opposite of success; it’s part of the journey.

4. Understand That It’s Not Just About the Money

Money is essential to our lives, but it’s not everything. In the first half of my career, I measured success only in terms of profit, and I made a lot of it. However, I wasn’t happy, and I had no time for anything else in my life. Sustainable happiness is a balance of different elements that include work, family, education, and entertainment. Allocate your time to these elements to achieve a happy and fulfilled life.

5. Be in a Relationship with Your Business

Your relationship with your business is like any significant human relationship; it requires constant attention. Dedicate the time and care your business needs at the outset, and the rewards will come. But as your business grows, don’t get complacent. Assess the needs of your business and your work-life balance regularly. If they are no longer compatible, it’s time to make a change.

6. Take and Enjoy the Rewards

Enjoy your success and take the time to reward yourself. Personal enjoyment is the fuel for motivation, and it sustains the essential dynamic of your relationship with your business. Don’t neglect your personal life, and reward yourself with holidays and time off. Success is not the key to happiness; happiness is the key to success.

In conclusion, being self-employed suits me, and I have learned many things over my decades in business. My first half was characterized by frenetic activity, big risks, and a focus on profit. However, as I aged, I realized that my mindset needed to change if I wanted sustainable success in the second half of my career. With a renewed focus on the six essential steps, I have achieved greater balance in my personal and professional life, more happiness, and fulfillment. If you’re considering the self-employed path, these steps can help you build a solid foundation for success.