Reply to If You Could Work For Yourself And Make Close To Your Current Income

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Reply to "If You Could Work For Yourself And Make Close To Your Current Income - Would You Do It?"

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[quote=Anonymous]My husband did it three years ago and makes double what he did working for his company.  No, he doesn't have employer benefits but he worked for a small company before so the benefits were expensive.  Now he is on my benefits so it works out fine.  He works about the same number of hours and if he is working more hours, its because he chose to take on a big project (he bills hourly so the more hours, the better vs. being on a set salary without overtime pay).

The trick is, you need to make sure that you have an existing client base from which to start.  If you can take a few clients with you and bulid from there, it is way less risky.  He had no plans to start his own business but when his company folded, he was able to bring a lot of his clients with him on a freelance basis and it just snowballed from there.  Also, having a spouse (me) with a regular income helps--although it definitely does make me feel stuck in my job sometimes since I carry the benefits for the entire family.    On the other hand, its really nice to have someone who can be at home when repairs need to be made, the baby is sick or I just want someone to start dinner.....so there are benefits for me as well.

If you are married, I would definitely have this discussion with your spouse and make sure that both of you are ok with the decision.[/quote]

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