Ed’s Top Tips – Tip 8: Work For Yourself, Not By Yourself

Tip 8: Work For Yourself, Not By Yourself

Ed Goodman, business mentor, author and co-founder of Cambridge Business Lounge, presents Ed’s Top Tips – a series of short and useful guides for starting and running a business. This week: Work For Yourself, Not By Yourself.

When you work for yourself, you have that flexibility to work when and wherever you like! This has it’s up sides like being able to sit and work from your garden on a sunny day, or have two hour lunch break lounging on the sofa. The beautiful thing about working for yourself is setting your own rules for your working day.

It also has it’s downsides. Working for yourself can be pretty isolating and lonely, most of the time your day will go by without talking to another person (the cat or dog doesn’t count!). Overcoming problems when you have no one to air them to can cause you to feel frustrated  The great news is there is another way of working which isn’t so isolating.

Watch this video were Ed gives his top tips to avoid this situation.

Action Point:

Now you’ve watched this video, how do you think it would be advantageous for you to venture out and try a couple of different of working environments?

People who work from home don’t get the distinctive difference of separating work and home life. This could cause issues in the future.

If you’re not keen on meeting new people you could also look at different options like online networking groups. It’s a group which will provide you help and advice is Freelance Heroes. You can also find them on Twitter too.

Tell us if you do feel isolated or lonely when working by yourself  or how you overcame this. Leave us a comment below or Tweet us using the hashtag #EdsTopTips

The Secrets of Self-Employment

ShhhhGoing from a ‘secure’ job to self employment is, for many, a tough decision, especially when it affects so many things, such as your lifestyle, family and friends.

Yet, the first question many ask themselves is ‘do I have the skills? Don’t get me wrong, it’s a valid question, especially as it could mean going from the role of a Web Developer, Accountant or Hairdresser to now adding Head of Finance, Sales and Marketing amongst others.

We asked a number of our co-working community to help you by answering the question: “What are the secrets that no-one tells you about going self-employed?” These are their answers:

  • It’s more secure than a ‘job’.
  • You sometimes miss having a boss. (It’s worth noting that this point was largely disputed)
  • It’s lonelier than you imagine it to be while you’re longing to be rid of your annoying boss/co-workers. So plan for it.
  • Businesses (even large) are just as close to no money as you, they just have a department to worry about it.
  • There’s nowhere to hide in your own business.
    • (although, if you work at home, your TV set will tell you otherwise)
  • Removing the safety net of your salary is far outweighed by the removal of the upper limit of your potential earnings.
  • Failure is positive because it means you’re actually trying to achieve something.
  • Your partner/family will feel it so prepare the ground.

What about you? What have you learnt about running a business that you didn’t know before you started? And, if you did know, would it have made a difference?

Email us at info@cambridgebusinesslounge.com or on twitter @CamBizLounge. We’d love to hear from you.