The absence of female representation in top leadership, the lack of mentorship programs, the unequal opportunities for men and women employees, the strict maternity leave policies, and the wage gap serve as enough motivation for female employees to leave their jobs for self-employment.
A Measly 4 Percent
When looking at the percentage of women CEOs of S&P 500 companies, which falls at a little more than a measly 4 percent, it can be discouraging to employees who have big aspirations but are held back in a patriarchal society. This has given rise to more women leaving their jobs to create the type of career that works best for them.
The continuous advancements in technology are making self-employment and remote work easier for women. In fact, in 2015, 15 million workers in America were classified as self-employed. A study by the Freelancers Union, found women make up a majority of full-time freelancers at 53 percent.
Self-employed workers, such as freelance workers, often turn their side hustle into a full-time business and a limited liability company (LLC) in order to receive tax and other benefits, as well as to help increase their revenue. This allows self-employed women to claim their title as the boss, CEO, and Founder. They have full domain over a business…their business – which oftentimes seems rare in corporate America.
Being a self-employed woman does come with a fair share of challenges, such as financial instability, stress, loneliness, and becoming overworked. Since they are responsible for their own income and success each and every day, this can put a lot of pressure on the worker.
Why You Should Try Self-Employment
However, many self-employed women understand that the benefits outweigh those challenges. The ability to set their own schedule, take on as much work as you want, take care of personal and family needs, travel frequently, set their own pay rate, work from home, and manage a team of workers are just a few of the benefits.
Women who work for themselves also are more likely to get to pick and choose who they want to work with and what type of work they want to take on. For example: if they have a customer or client who is sexist or is a mansplainer, they have the ability to stop working with them. This is nearly unheard of in large corporations.
“By our 30s, many women are starting families and struggling with taking time away from the office. By our forties, we’re often hitting the glass ceiling in terms of pay and promotions. By our fifties and sixties, unfortunately, we’re often being ignored altogether. Freelancing can offer an escape from that thankless grind.”
Get Started NOW
So if this sounds like a desirable option to you as a hard-working woman, then consider becoming self-employed today. Here are some simple tips you may want to consider when getting started:
- Do your research – Self-employment is not for everyone and can be complicated since there are so many facets to be knowledgeable about. Talk with current or former self-employed contacts, solopreneurs, freelancers, or small business owners to get personal stories and advice. Read all about business laws, taxes, legal aspects of self-employment, etc. so nothing comes as a surprise to you when you make the leap.
- Ask yourself “what type of career do I want?” – Are you looking for flexibility, frequent travel, increase in pay, and ability to work from home? Or are you looking to live out a childhood dream, fill a current gap in an industry or something completely different? Shape your career goals into your self-employment goals.
- Create a self-employment gameplan – After you decide what type of work you want to do, what business you want to start, and what you want to work for, create a self-employment plan on how you are going to achieve those goals. Take into account how you are financially going to support yourself and your business during the beginning stages or during hard financial restraints.
- Dive in – The worst thing you can do is tackle the three steps above and then not take any action afterward. Do not let your self-employment dreams fizzle out, fall to the wayside, or get sidetracked. Put the time, effort, and energy into making your dreams and goals a reality each and every day.
Be Your Own Boss
Self-employment not only offers an escape from that thankless grind but also an opportunity to advance a woman’s career in ways they are oftentimes held back from in a traditional 9-to-5 role.
At the end of the day, self-employment allows women to call their own shots, to take charge, be the boss, have the freedom and flexibility they desire, and most importantly breathe for the first time in years.