Self Employment Could Increase in 2010
If you’re thinking about going into business for yourself 2010 just might be the year to do it. There are many pros and cons to becoming self-employed but with a less than stellar job market, looking at other possibilities is a wise move. We’ve offered tips on being self employed before on the blog and how research suggests that self-employed people are the happiest people.
But now a recent press release from the company BOTH (short for Back of the House, a company that offers support for self-employed individuals) predicting that self-employment is only going to grow in 2010 based a number of factors.
- Historically serious recessions has always led to a large group of workers who find their way back into the workforce via self employment or contract work.
- Even as unemployment begins to level out the growth rate for new jobs will take some time leading many companies to seek less expensive ways to get projects done. Leading to an increase in contract and freelance work.
- Professionals will resort to other measures to generate income outside their regular pay grade.
- With technology and the Internet job mobility has become without limits. As people become able to do more and more from virtual offices, companies will look to increase flexible work environments that embrace that.
- With many Americans having had the proverbial rug pulled out from underneath, many people will shy away from traditional “job security” and instead look for situations in which they have more control by working independently.
As the job market remains somewhat unstable now is a good time to take mental stock of your schools and abilities and see if branching out into freelance or contract work would be a good way to generate an extra income or replace a lost one.
