From the archives of “Articles That I Wish I Had Written”, comes this excellent piece entitled “23 Disadvantages of Self-Employment” by Shannon Christman.

I’m sure that, like myself, you too have at one time lamented your choice of the “self-employed” lifestyle. Although we all like the freedom that working at home can offer, are we truly “free”, or merely slaves to different bosses?

Early-on, I realized that where my time was spent as a go-between in handling problems that management used to address, now I am listening and directly responding to my customer base. So, that’s my first recollection of lamenting my choice of self-employment.

In her article, Ms. Christman lists many more disadvantages, among which are my favorites:

When you work for someone else, not only does your employer cover half of Social Security, but the company might also offer other financial benefits, such as a company match for a 401(k) plan or opportunities to purchase company stock at a discount.

and

Also on the line of benefits, you will have to pay for your own health insurance. Many would-be entrepreneurs continue to work for someone else simply because they can?t afford to buy health insurance and they don?t want to risk debilitating medical bills.

Take a look at the article, tell us you personal favorites by commenting below.

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