There’s nothing like the fantasy of saying goodbye to your office job and hello to being your own boss. But if you’ve got entrepreneurship on your mind, it’s important to understand the whole picture of what it means to be self-employed, especially with regard to finances.
Beyond the nearly limitless income potential comes complexities that, if not understood, can cause big problems.
Not that finances should scare you away from your dream of being self-employed. Individuals planning to strike out on their own can learn to manage the financial risks and differences that come along with self-employment.
So before you put in your two weeks’ notice, spend some time reading up in small business publications about finances for the self-employed….