Being Your Own Boss Isn't As Amazing As You Think It is...

Hate to break it to you but being Your Own Boss Isn't All It's Cracked Up To Be. We all have a dream of giving a finger to the man and leaving our corporate jobs for greener pastures. But working for yourself is more challenging than you may think. Here's why.

0:00 - intro
2:24 - most people aren't cut out for it
4:26 - it requires extreme discipline
7:00 - always worrying
7:55 - there are no rulebooks
8:37 - you have to wear all the hats
10:54 - work-life balance
14:58 - no steady paycheck
16:03 - health insurance
16:53 - self-employment tax
18:11 - Am I returning to the corporate world?
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Are you struggling with your job search? Applying for job after job and not getting any interviews? Perhaps you’ve got a few interviews but always seem to get passed over for the job? Or maybe you’re not satisfied with your current career and want a change. Well, you’ve come to the right place.

As a corporate recruiter with over 20 years of experience hiring thousands of employees at all levels into major corporations, I’m going to spill the beans on how to get noticed by recruiters, start getting more interviews, navigate through each step of the hiring process, and ultimately land the dream job you deserve.

But that’s not all - I firmly believe that to truly experience career success, you need to think bigger. Multiple streams of income and budgeting are crucial to forming a layoff-free lifestyle and helping you achieve your goals.

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[ChrissyCAGirl]

I have had a couple of small businesses. Never again. I like the corporate life. I close my laptop at 5pm. Pros and cons. Thank you for such an honest video.

[BrkDownMedia]

And no one talks about the defeat you feel when you pour your love into your business and nothing comes of it. It’s hard reconciling with it being a long game. This was great and I think more people need to hear this. Great video!

[DuderStank]

Everything here is spot on. My wife started her business last year and you're totally right about all of it. Saying "no" and setting boundaries is difficult when it's directly attached to how much money you will make.

Thank you for all of the help you provide with this channel! You've given a lot of great advice and validation. The hard work is recognized and appreciated bud.

[StevensRetroVault]

Respectable advice. I completely understand. The idea that one becomes their own boss to work less is flawed. The hustle is always required.

[OddTJ]

Good to see a realistic take on entrepreneurship. For over a decade everyone acted like it was the golden ticket, but all data shows that it is a true hell to start up a company and the most successful entrepreneurs are well above average people. Thanks for sharing for us regulars.

[cepininja]

No Pain, No Gain. High Risk, High Reward. And you sir, you are a winner and continue winning.

[brenden]

My perspective is that if I’m working for myself it’s building my own wealth. Whereas if I’m working for someone else I’m building theirs

[GDNM]

Excellent video, explaining the pro’s and con’s of working for yourself. Working for yourself - or at least having a side gig - is much more tempting now with the horrible job market.

[bluz]

I'm glad you presented both sides of the coin. The answer is really difrerent for everyone

[sarag]

Thank you for being so candid and honest about what this work has looked like for you and even how it continues to be challenging with the several years you’ve been doing it! This is so insightful and makes me appreciate your content even more! Thanks to you I’m so much more confident in navigating my career and workplaces. I’ve literally taken notes on your videos and shared them with other folks who’ve found them helpful too!

[MKrealife]

I run opposite of the trends. I was a sole proprietor when eveyone else were 9-5ers and now that everyone wants to work for themselves im a 9-5er. Taxes will eat you alive! Along with paying for your own health insurance

[MsGenXodus]

Seriously? I LOVED being self employed! I've been in the corporate life for almost 10 years now, and it is the WORST. I'm actively working to return to self employment now. Corporate jobs feel like prison to me.

[franklsuarez]

As a former independent contractor and former self employed, if you hate your job, invest in yourself and invest in securities. Buy some index funds or something.

[DataTheWin]

Great post!
Benefits are one of the biggest objections to entrepreneurship or contracting. As a long-time contractor, I've built my own benefits package that stays with me wherever I work.
Health Insurance: I use Medical Cost Sharing (Sedera) as an alternative. It's reasonably priced and stays with me.
Dental Insurance: I will use my dentist's discount program (an annual fee that keeps my dental costs manageable).
Retirement: Between my IRA and Roth IRA, I'm funding my retirement adequately.

Do I miss attending company holiday parties and picnics? No more than I miss performance reviews for 2% raises. 😄

[kristinkiddy]

Having been self employed for 23 years, best thing we can recommend is going the s-corp route. I agree, the health insurance market is broken beyond repair. We've watched premiums go up exponentially. Expect to pay $24, 000 a year for a so so plan for a family with kids or an older couple.

[sarrjel]

God Bless you Brian! Being the BOSS means you're working even harder. Stay Stress Free and take it easy.

[sephondranzer]

Being your own boss means needing to do the things your boss needs to do. People don’t get that trade off.

[cricket]

The health insurance situation sounds like a compelling reason to rely on an employer. One serious health event can have long term catastrophic financial consequences when insurance is inadequate.

[ralphyznaga]

Everything you say here is completely true. Been running my own marketing business for 8 years now. The hours are insane, but I would never go back. If you don't love doing it, don't even try it.

[RosemarieFit]

This was a great and realistic video. Maybe I am insane… Even with all the challenges you’re working through, I would still take it any day over a toxic work environment.