When many think of self employment, they often think of the freedom to set one’s own hours or working from a home office their pajamas. While this is somewhat true, there are also times when self employment means long hours. Individuals who choose this method of employment need to be self motivated, goal oriented and comfortable with being the sole decision maker. They are responsible for making sure their own Social Security and Medicare taxes are paid and they must also file quarterly taxes. At the same time, they have great freedom to take things in any direction they see fit and many of their expenses are tax deductible.

Before jumping into the role of the self employed worker, one should study up on as many resources as possible. Books, websites, seminars and workshops are readily available for those seeking information. There are many aspects to learn about self employment, from how to deal with the isolation of the work at home office to legally collecting past due debts. These resources also show how to lessen tax burdens and how to keep expenses to a minimum until real profits start coming in. Joining groups and organizations for the self employed is a great way to stay connected and get firsthand tips and advice.