You probably want to start your own business in order to be your own boss and truthfully there are many areas of work that contractors have more control over than employees however contractors are not entirely without oversight. As a contractor instead of having just one boss you have many bosses. Every client you have is also your “boss” – they determine what you work on, when you work on it, how you work on it and where you work on it. Further, when working on-site for clients it is necessary to comply with all their office rules and guidelines. The other aspect of being your own boss is the responsibility that comes with it. As your own boss you are the one solely responsible for every aspect of your business from beginning to end. You must be comfortable pursuing new work, applying and interviewing for new projects, working at different places on different tasks, and taking care of customer billing and collections.
MY TAKE: As a contractor I can often negotiate my hours, the location of my work, the type of work I do, the companies/people I will or will not work with and the amount of money I get paid. Unfortunately this does not always mean that in the short-term I never have to compromise for a client or project. Some projects dictate that you work longer hours or work outside your region. The main difference is that I have the choice to reject the project or discontinue the work at anytime without legal repercussions.
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