Self Employed Home Based Business
So you are the boss, owner, and chief bottle-washer of your very own home-based business. In theory, you could probably do each and every thing on your own - from reviewing contracts to picking the best insurance coverage to representing your business in court to designing and printing your own letterhead stationery ..... A contingent workforce comprised of temporary workers and independent contractors has grown to an estimated one of three workers. Since the late 1940s, data on self-employment have been collected regularly as part of the Current Population Survey (CPS), a monthly sample survey of about 60,000 households that provides employment and unemployment data for the nation’s civilian noninstitutional population ages 16 and older. Since 1967, the official BLS estimates of self-employment have included only the unincorporated self-employed. By Steven F. Hipple and Laurel A. Hammond at Self-employment in the United States
Self Employed Home Based Business
Self-employment:
What to Know to be Your Own Boss
By Dennis
What’s the best thing about being self-employed? Angella Luyk, owner of two businesses in Rochester, New York, doesn’t hesitate to answer. "No one can tell me what to do, because I’m the boss," she says. "I’m in charge of my own future." Luyk is one of nearly 15 million workers identified as self-employed in April 2014, according to the U.S. Bureau of Labor Statistics (BLS). These workers accounted for about 10 percent of the overall workforce. But Luyk cautions that working for yourself isn’t for everyone. "It can get tough and scary," she says, "because everything relies on you." Success takes preparation, determination, and time—and it’s not guaranteed.
Self Employed Home Based Business
This article can help you decide whether self-employment is for you. The first section describes some of the rewards and challenges of self-employment. The second section presents data to highlight occupations that have many self-employed workers. The third section discusses how to become self-employed. Resources for more information are listed at the end of the article.