What Does It Take to Be Your Own Boss in 2015?

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Young Woman Sitting Looking at Laptop ScreenOver 14 million people are self-employed in the United States today and if they can do it, why shouldn’t I stay at home and make a living? No more time clocks, sitting in rush hour traffic, rushing out the door so you won’t be late for work, you’ll finally be able to say goodbye to your boss once and for all.

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America was built on the backs of small businesses and most of those were started by the self-employed. Out of the 28 million small businesses operating today, over half of them are home-based and 22 million of those are run by the self-employed.

Women are not being left out of this equation either, their numbers as business owners continue to rise, with a 20% increase since 2002. They have over a trillion dollars in receipts, owning almost eight million different companies.

Many will credit these rising numbers to our ever growing technology and computer based society, but often these business people would rather create something they love rather than being stuck in an office shuffling papers, typing on keyboards and crunching numbers.

Even those living with a chronic condition, half of all Americans are, have success stories to share. Some of these people were motivated into creating something to address a certain type of illness or condition, like a social networking site for parents with Autistic children.

No matter what your motivation is to be your own boss, therein lies one of the biggest keys needed to unlock your success — motivation. You will also need to be:

    • A self starter

    • Able to sell yourself

    • Equipped to balance your energy

    • Able to manage your time

    • Willing to value every customer experience

So do you have what it takes to be your own boss?

Using the infographic below, you can take a quick little quiz to see if you are best suited to stay in your current position at work or if you might be more successful as your own boss. Answer all the questions honestly, keep your score and compare your results with the recommendations at the end.

If this looks like something you are interested in but are unsure how to get started, here are three common approaches to becoming a self-employed entrepreneur:

    1. Do What You Know.  Whether you were laid off or are just looking for a change, think about what you have done in the past. Many have retired or left their careers to become a consultant within their specific industry. Think about how you could use your skills, experience or advice in your own product or service.

    1. Do What Others Do.  Learn about other businesses or products that you share an interest with and emulate them. Franchise opportunities can sometimes be a safe bet because they have already proven their success.

    1. Solve a Common Problem.  Is there a service or product that you would like to bring into the marketplace?  Seller beware, this is the riskiest of the three approaches, so do your research before you spend any money.

If you scored well and are excited about being your own boss, good luck on your new venture and keep your nose to the proverbial grindstone.

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