When you’re looking for the two most difficult jobs in the world, naturally, being a parent is right up there. But throw into the mix being self-employed, either as a freelancer or running your own business, and therein lies lots of conflicts. We all have our crosses to bear, and when we enter into the life of the self-employed, we should know exactly how stressful it can be. But, much like the period before your first child was born, it was a lot of uncertainty, and this is a parallel when you do take that leap and go self-employed. But what are the most common stresses about being a self-employed parent?
Whether you are running a business, you are dependent on the gig economy to provide a living, the paycheck will vary from job to job, and month to month. This can be something very difficult to get your head around because our children don’t understand the concept of money, and why should they? They rely on us to provide for them, and if we encounter difficulty in providing the essentials for our children, we will likely have to look for more work. If you struggle to get together a decent amount of money to pay for those expensive baby purchases, especially when their birthday or Christmas comes around, it means doing more work. On the other hand, you need to be savvier with regards to your financial outgoings. It’s advisable at this point to invest, and do what little you can now so that it will make life easier for you later on. Something like peer to peer lending can be worthwhile, but it feels like an expense early on in the process. This is the game of investing, unfortunately, and remember, if you haven’t made the big purchase as in life, like a house, you need to keep close scrutiny on your credit score, this is essential now.
A Lack Of Social Interaction
This is especially true if you are a single or a stay at home parent; you’ve got a lot of work to do, and that’s just the child! We know that our social life goes by the wayside when a child is born, but it’s exactly the same when you go self-employed. Because you’ve got to put that little bit more work into finding employment, and you combine this with doing what you can to nurture your child and give them the basics, you may find very little time to get the opportunity to relax and spend time by yourself. Much like those articles on the work-life balance state, it’s all about excessive scheduling. If you really want to make time for yourself, then build it into a timetable. It never sounds appealing, but if you want some balance, you’ve got to go down this route!
The Excessive Life Admin…
Finding jobs, doing your accounts, keeping on top of the files, and, lest we forget, you’ve got a business to run! The business of yourself, or under a company name, or requires many different hats. The amount our life admin can weigh us down. Luckily, when you get to the point that you can hire outside help, either by employing freelancers to do key aspects of the job, or, you need to cook the books, it’s lucky that for self-employed people, and business owners in general, there are various financial advisors around. The best option when picking a financial advisor is to go for the most comprehensive. A company like Brown, Smith & Wallace have so many different sectors that you can find what you looking for. When you are self-employed, it’s advisable to get an accountant, and you may be loathe to get one because of the drain on your finances, but once you are fully up and running, paying someone a fee to do these annoying little tasks will take the pressure off you. Think about it as a parent, instead of spending 4 hours going through your expenses that is an afternoon out with your child!
So Many Spinning Plates!
You learn quickly how to apply for a gig while your child has their nap, and likewise, you will clean the kitchen while doing your utmost to get that important client. Learning to spin all these plates can mean you will become overwhelmed. Some would argue that you are putting too much stress on yourself when you are trying to do so many things at the same time, but, again, this goes back to the work-life balance. If you spend a lot of your time at home, you are running the risk of blurring the working day with your home life. But, if you are so early on in the self-employed process that is essential for you to keep going, then it’s about making life easier for you. Don’t work hard, work smart! This is all about making tools at your disposal easier for you to accomplish everything. You might have seen businesses talk about the automation process, and think how you can do this in your day-to-day life. There are things you can do. One fantastic way to cut down on your typing time is to invest in speech to text software. If you don’t have the time being skills of a secretary, using software to type the words up for you is going to be the biggest lifesaver. Essentially, you can type as fast as you talk! And if you don’t have the money for a sophisticated piece of software, the Google Keyboard is a very handy edition for those who have android phones.
The Steep Learning Curve
Last, but not least, it’s the steepest of learning curves. Work-life balance is one of those things that crops up all the time, but if you’re trying to raise a child, and the same time raise your business profile, this means a lot of hours. You may thrive on this nonstop approach to work, or you may find it to be your undoing. Either way, consider the tasks ahead of you before you embark on this journey. These are a few of what you will encounter, but if you’re ready to face the challenge, you will accomplish the task of parenting and self-employment with sheer gusto!