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Being self-employed can be great for working more flexibly, but there are some benefits to being an employee that you might miss out on when you start your own business. We have a few suggestions for self-employed workers to try out, and hopefully retain some of the good bits of working for someone else.

Assign yourself holidays

Holidays can be a tough one when you’re self-employed, especially when you’re just starting out. If you’re not working, you’re not earning, so can you really afford to take time off?

While it is difficult, it’s still important to take some time off from work. It’s far too easy to get burnt out working every day and sometimes a weekend off just doesn’t cut it.

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It’s a good idea to try and put some money away to cover holidays in the future. That is, not just the cost of the holiday, but an allocation of paid leave like you might get from an employer. Try to set a few days later on this year to take for yourself. If this isn’t possible, perhaps it’s finally time to raise your rates to cover the cost.

Set up a private pension

Being self-employed means that you’re missing out on a workplace pension, especially with auto-enrolment helping more people make use of a pension scheme other than the State Pension. Unfortunately there’s no such benefit for the self-employed and it’s up to you to set up and contribute to a private pension as a self-employed worker. It’s well worth getting one sorted!

Check out our video guide to pensions for beginners

Plan your own reward scheme

Whilst not every employee gets a bonus, there are other perks such as free lunches or staff nights out which act as incentive and reward. There’s nothing to say that you can’t set up your own bonus structure to reward yourself for hitting a target when you’re self-employed though. It might be for hitting a certain profit threshold, or signing up a certain number of clients.

It doesn’t even need to be a cash bonus. Take a few days off work, a weekend getaway, a meal at your favourite restaurant or something else entirely. Just make sure it’s something you look forward to.

Keep your work space separate

Not every job is office based, so your self-employed business might get you away from home anyway. But, if you are spending a lot of time working in the place that you live, it’s essential for your state of mind to try and keep things separate. Don’t risk burning out from feeling like you can’t switch off!

Even if you can’t set aside a separate room, try to have a space that is just for work. If this isn’t possible, you might want to join a co-working space or try to work from libraries and coffee shops wherever possible.

We’re full of tips and advice to help you run your business successfully. Have a look at our services to learn more about what we can do to help.

About The Author

Elizabeth Hughes

A content writer specialising in business, finance, software, and beyond. I'm a wordsmith with a penchant for puns and making complex subjects accessible. Learn more about Elizabeth.

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