Self-employment seems like a stressful and less reliable way to create an income right out of college. After graduating college, you will likely be looking for employment that provides job security, some benefits if you’re lucky, and a salary that you can live off of. To many, self-employment does not make them think of job security, benefits, or a decent salary. Those people are wrong, and there are many advantageous to being self-employed, especially if you are a recent college graduate.
First and foremost, you will spend less money if you are self-employed. You could potentially work at home meaning you avoid driving every day and, therefore, spend gas money. If you choose to work elsewhere, it’s likely that you will choose a location that is close by, minimizing your driving. You also will spend less money on lunch because you can make lunch at home.
Self-employment is an excellent resume builder. If you are a recent graduate, it’s likely that you do not possess much work experience and, therefore, fewer skills. If you are self-employed, you are present with a challenge every day and are forced to learn something new and develop skills. Self-employment fosters creativity and reinforces entrepreneurial skills. Later in life, future employees will like these qualities. If you choose to stay self-employed for most of your life, the experience of self-employment will benefit your customers.
Keegan Andrew Duffy Minnesota founded and was the sole propriety of Duffy Contract Company in Minneapolis, Minnesota. He started the company after he graduated from North Dakota State University. He provided management services to companies in the manufacturing industry.