|Course:||Just Graduated? What Next?|
|Printed by:||Guest user|
|Date:||Saturday, 3 Dec 2022, 22:50|
Self-employment: attitudes towards self-employment fluctuated during the pandemic, but many people choose self-employment. Entrepreneurial students often establish their own businesses during their studies after developing an interest and the necessary skills during their time at university.
In some industries like the creative arts, self-employment, freelancing, and portfolio working have always been a norm, however, it is now increasingly common for workers to contract out their hours, often on a consultancy basis to complete project work for their own clients. As a freelancer you can choose your own rates of pay, whereas portfolio working often includes bidding for contracts or applying for projects with salaries set by the company.
Many traditional professional services like accountancy, business development, and management consultancy are completed on a self-employed basis.
There are plenty of different options to consider. You could set up a social enterprise, buy into a franchise, work on commission for private projects, work with individual clients or at events/conventions, etc. You could have an online shop which you run alongside your full or part time employment. Keep your options open.
To start a business, it’s important you’ve reflected on and tested the viability of your idea. Be honest with yourself, do you really want to do it, do you have the skills needed to make it successful, do you feel ready to run your own business? If you can’t answer yes to these now, that’s okay, as it gives you a good starting point, and a few initial planning steps to consider and will help you to minimise the risks.
Advice is available from the below sources:
You can use this handy guide produced by Prospects for advice on how to start your own business and aspects you need to consider.