Self-employment a growing option?
Do you want to be a consultant or contractor? Have you thought of becoming incorporated contractor or starting another business?
A recent article in the Calgary Herald indicates self-employed people are happy workers.
From our perspective that is true when certain important details have been taken care of. You can live your dream or find yourself living a nightmare if important details are not taken care of. There are serious pitfalls to self-employment. Up to 50% of start up companies will fail within the first year.
Can you prevent business failure from happening? Some of the reasons that businesses fail include poor management and delegation, insufficient research and planning, inadequate funding, and lack of toughness, persistence and passion for your venture. This is where a business consultant like ASR can help you succeed in your self employment. Good business advice and consulting will enhance your chances to succeed. Management details like your business accounting tax planning and bookkeeping is a start. Market research and marketing your product or service is often not high on the priority list. Start your business right and improve your chances of living your dream.
Most business start ups underestimate the financing required. Experts say that you should calculate what capitol you will require to start and than double it. The self-employed forget that the first 3 years of a start up will not be able to support a full salary. It is easy to lose the passion and drive for success when the bills pile up.
Allied Self-Employed Resources Inc. Calgary, Alberta
Your Own Business, Your Future Success, Your One Resource