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Originally Posted by norbert  Better stay an employee and build a B quadrant business. Maybe switch to a part time job instead of a full-time one.
Being self-employed was the hardest 3 years of my life. |
I think there are advantages and disadvantages both ways. It depends on the kind of business you would employ yourself in, and the kind of business you'd like to build.
On the one hand, Norbert is absolutly right; being self-employed will NOT save you time. Even if you don't procrastinate, you have to run every aspect of this business; you ARE the legal department, the marketing department, the customer service department, the R&D department.... You work way more than 40 hours a week. So if the business you're trying to build will take a lot of time in an absolute sense, then stick to being an E while you build it.
On the other hand, being self-employed does give you enormous flexibility about where you spend that time. My roommate is self-employed and sleeps polyphasically. He does client calls in the 9-1 slot and the 1-5 slot, and paperwork at 2 in the morning. If he doesn't feel like doing paperwork at 2, he does it at 6. If he needs to get his oil changed or help a friend load their moving van, he just takes the day off. If we need to meet with an investor to get funding, and the investor can only meet at 3:35 on Tuesday afternoon, he meets her at 3:35 on Tuesday afternoon. You can't do that kind of thing with an E-type job. So if the business you're trying to build will require you to be in a certain place at a certain time alot, then being an S while you're building it will give you flexibility.
Unfortunately, I can't give you a single answer and tell you it will always be right. It will depend on your personal situation.