Archive for the ‘work’ Category

Redefining “security,” or don’t put your eggs all in one basket

Yesterday I was writing about how the biggest thing that I hear from my traditionally employed friends is that they could never go without the security of their paycheck. And someone made a great point in the comments that job security is kind of a fallacy.

When you’re self-employed, it’s simply a different kind of security. To me, it’s just a redefinition, and one that I prefer for three reasons:

1) I can’t get laid off.
Nobody else is going to tell me when I’m done working. Even if, say, all the publications I’m writing for go out of business (R.I.P. Wisconsin Woman) I can just go find more gigs elsewhere. Or if that doesn’t work, I can just take my work in a different direction, like working more with web copy. Which brings me to my second point:

2) I can take steps to prevent a downturn for my business.
When you run your own business, you are both more in touch with your clients’ needs and more able to respond to them. Instead of going down with the ship, I can change course. If the service I’m offering isn’t one my clients want, I can look at what they do want, and adjust to it. You create your own security by catering to your clients’ needs. The key to this is that you have to put their needs ahead of your own desires when it comes to your business. If they’re not going to pay you for whatever it is you want to do, hold on to that idea and figure out how you can use your skills to provide the service they need.

3) Multiple Streams of Income. To me, this is the heart of stability and security for the self-employed. Even when I have had full-time jobs, I was always freelancing and doing massage on the side. As I’ve mentioned a few times, having someone else tell me that I will only earn X amount per month is the opposite of security to me. Being able to control my income and earn more than my salary every month – that’s great. Not to mention that whenever I was between jobs, it was okay, because I could just work harder on marketing my other businesses, so even though I’ve been unemployed several times, I’ve never actually been without a source of income.

Even if my primary income source disappears, I always have something to fall back on. That’s a kind of security that traditional employment simply cannot provide. Traditional employment favors experts – people who having one job in one field with one skill set- but even for them, it can be a very eggs-in-one-basket kind of deal. Even if you’re THE expert, if your company goes out of business, you’re out of work. I have several interests. I love learning. Therefore, I prefer to have several fields and skill sets, so even if one dries up, I always have something else already in the works.

Admittedly, entrepreneurship will never have the stability of traditional work. There will always be ups and downs to deal with, and never a set payscale to count on. We the self-employed always need to have more savings on hand for the dry spells, and be willing to cut back if necessary. But, with multiple sources of income, self-employment can have more security than any traditional job will ever be able to offer. Having been laid off three times myself, I’ll trade my short-term stability for my long-term security any day.

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Self-Employment vs. the 9-to-5, or Matt and Everett Said it All

To be self-employed or to be an employee, that is the question. It’s a subject that I wrestle with frequently, because I understand the pros and cons of each, and have been on both sides multiple times over the last 5 years. If you look at my resume, you’ll see that I usually have an office job from October through May, and then am freelancing, doing massage, or maybe working part-time in a gourmet kitchen store over the summer. It hasn’t been intentional; several of those lapses were due to layoffs. But it is interesting. The one year that I had a job during the month of May, it took me weeks to figure out why I was so antsy. Then I realized “oh, this is the time of year where I’m usually sitting by the lake with books like “Making a Living Without a Job”

To be honest, my heart lies in the self-employment camp. Unfortunately, my need to pay for things like my car and my health insurance (funny thing happens when you don’t regularly hold an office job: you don’t get benefits. More on that later…) frequently land me back in an office job.

I could write out a list of all the reasons I prefer self-employment, but Everett Bogue did a pretty darn good job of that earlier this week in his post: “27 Reasons You Should Never Have a Job.” I LOVED IT.

The only thing I would add is this: when I tell people I’m self-employed, they’ll often say “oh I could never do that. I need more security. Isn’t it scary not knowing how much you’re going to make every month?” Um, sometimes. Yeah, there are dry months. But you know what scares me more? Knowing I’m only going to make X amount every month. When you’re self-employed, there is endless potential for growth. I don’t have to wait for incremental raises; my salary could double (or more) in a year because one of my income streams takes off. If there’s a trip I really want to go on or something I really want to buy, I just push for a few more clients. Voila, extra money.

Yes, being self-employed is volatile. You need to save more for the down times and it’s important to have supportive friends, family, and/or significant others. But for me, ultimately, the freedom, flexibility, creativity, and potential are overwhelmingly worth it.

That is not to say, however, that I think everyone should be self-employed. It’s not for the risk-averse, or those who need stability. As Matt Cheuvront said today, Don’t Discount the Value of a 9-to-5.

I will admit that, being self-employed, I’ve spent months being broke while trying to build one income stream or another. It’s stressful. It can be lonely. The thing I miss most about having an office job is the social aspect – having co-workers to grab lunch or hit happy hour with. Not to mention brainstorming. And yeah, the stability is nice.

There are reasons for both ways of working. What I think is most important, though, is the mindset you take to your work. You can’t go into business for yourself thinking like an employee, and yet the most successful employees are the ones who go to work thinking like an entrepreneur. More on that tomorrow.

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My ENFP-ness, or Why I Need a Boss

My Mom is a Myers-Briggs person. By which I mean, she’s certified to give and analyze the Type Indicator test thingy. I don’t know what the official title for such a person is. But she is one. She’s really good at it, too. I’ve learned a lot about type and how to use it in relationships and professional life. It’s really helpful in figuring out how to communicate more effectively, to understand (and therefore avoid) conflict, and why there are some people in the world you just don’t click with.

MBTI helped me make sense of not getting that interview to be a tour guide I had been hoping for. All of the guides I worked with on the Texas trip had a couple of personality traits in common with one another. Ones that I don’t share. So when they said it wasn’t a “right fit,” that’s what they were talking about. Most corporations, companies, and organizations have a certain culture. Some want diversity of types so they have different perspectives. Others want homogeneous types, I guess so that they can expect the same thing of everyone and avoid conflict. Or something. Whatever their reason is, that particular company was looking for homogeneity, and I would’ve rocked their boat.

So I had my month of being bummed out about the fact that I would not be leading cycling tours of Italy this summer. And then I got back on the bike. Or horse. Or…whatever. I kicked through it and am back to figuring out what I’m doing next. Which has meant a lot of reflection and self-evaluation, because I’ve had a lot of periods in my life where I took a job just because, well, I needed a job. The funny thing is, I’ve tended to take jobs that don’t fit with my personality type. At all.

According to the MBTI, I’m an Extrovert, iNtuitive, Feeler, Perceiver. ENFP. Yep. Basically it means I love being around people and am good at communicating with them, I’m creative, I like variety and problem-solving, and I’m very in tune with others around me and concerned with their feelings. I like thinking about the future, about possibilities, and looking at the big-picture. Because of this, I LOVE starting new projects. But I need goals and deadlines, because without them I will just keep jumping from project to project, and may never finish any of them completely. And because I’m big-picture, I need to make a checklist for details, or else I will straight up forget a step, even if it’s a process I go through every day.

One of the keys to personality type is that it can help you figure out your “weaknesses.” But then you have to come up with ways to work with them. Which is why I hate deadlines, but I need them. And why I make lists and write things down, so I don’t forget anything.

A lot of the office jobs I have done in the past loved that I was good with people, great on the phone and jumping in on planning events and running meetings. But they got super annoyed with the errors I would make in, say, a financial report. (Numbers and I are NOT friends.) As I look at job postings right now, I keep seeing the phrase “attention to detail.” I have an ambivalent* relationship with it. I’m GREAT with details when I am, say, planning a party. I will make sure that the food and the music and every last decoration and all have a coordinated theme and it will be seamless. But when I’m doing rote office stuff? Yeah, not so much.

Why do I keep applying for office jobs? Because it’s what’s on my resume. It’s what I know. But I want to do something more than office management.

So I’ve been freelancing. I love that it’s interesting, full of variety, flexible, and I can do it from anywhere. But it can be really hard to motivate, and really easy to procrastinate. Or go start another project. So I need a boss to set deadlines and help me set goals and give me a reason to finish things. Also? I HATE being alone all day. Yes, I’ve gone and worked in coffee shops. Sure, there are people around me there. But I’m not interacting with any of them. So I need co-workers and clients, too. Ones that I go see in person and not just on email and gChat. Oh, and I need an office. Someplace to go. Because if I’m home all day, there’s a guitar, and a workout room, and food I can cook and things I can clean…

I think it’s going to really just come down to finding a balance for me. Either doing some freelancing and working somewhere part-time, or finding a normal day job that still has lots of variety and a little flexibility.

Do you have these struggles? Do you know someone who would like to hire someone like me? Do you need a massage? (’cuz I do that too.)

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*The word “ambivalent” is often mistaken to mean the same thing as “indifferent.” Ambivalence actually describes more of a love-hate relationship, where you’re always passionate about it, but sometimes in a positive way and sometimes in a negative way. English lesson over.

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