Is Self-Employment Right for You? Weighing the Costs and Benefits

Self-employment can offer independence, flexibility and the opportunity to turn an idea or skill into an income. It can also involve uncertainty, responsibility and costs that are easily overlooked.

There is no single answer to whether self-employment is the right choice. The answer depends on the individual, their circumstances and what they hope to achieve.

When I work with someone considering self-employment, I often begin with a simple brainstorming exercise: what are the potential benefits, and what might the decision cost?