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How has self-employment grown?

28/09/18 | Advice & Guidance, Business, Careers, Limited Company

The growth of self-employment

Over recent years it has become clear that more and more people are turning to self-employment than ever before.

It’s not hard to see why people are chomping at the bit to step out on their own and start their own business. When you combine the lifestyle benefits of being able to work from home or from a coffee shop, greater flexibility and being able to choose who you work for with a higher earning potential and greater tax efficiency it’s clear to see just why so many people go it alone.

If we told you that in 2001 12% of the workforce were self employed and by 2017 that had grown to 15.1%, you might be unimpressed. But hold on. In real terms that means in 2001 there were 3.1million people who were self-employed, that is now 4.8million! That’s not a figure to sniff at and represents a fairly seismic shift in the way people view work.

 

The bigger picture

When you take a step back from individual circumstances and look at the wider economy the reasons to take control of your own destiny become even clearer. Long-working hours, the myth of job security taking a beating, the death of ‘a job for life’, zero-hour contracts and higher levels of unemployment all go a long way to seriously reduce the appeal of employment.

 

Global reach, from home

The opportunities that are presented to a self-employed champion on a daily basis cannot be ignored. With the internet providing you with a truly global reach from your dining-room/home office.

The growth in popularity of freelancing website like PeoplePerHour, Upwork and Bark mean that in the morning you might be working for a client in Singapore and then just hours later helping your Scunthorpe based client with their web design.

We might be preaching to the converted or convincing you to take your first steps into the self-employed world, but whatever your situation we’d love to hear from you and see how we can help. Click here to drop us a line.

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