Working for yourself comes with an extensive amount of benefits. From choosing who you work with to when you work, the list goes on, and this is something that’s extremely popular in the UK over four million people opting to be their own boss.
Self-employment has become increasingly popular over the last couple of years, with people’s attitudes to traditional working models changing and many more people opting for freedom and flexibility. There are some key distinctions between self-employment and being an employee and these can potentially impact the health of subcontractors.
A major difference is that when choosing to go self-employed, you remove yourself from being entitled to holiday pay.
However, being self-employed also means you aren’t restricted to the amount of holiday days you can take each year.
It can be hard to disconnect from working as self-employed but it is important to find a good balance between work and rest. Finding the time to switch off, will allow you to be much sharper and less stressed when you’re feeling under pressure!
One of the biggest concerns for the self-employment industry is the financial insecurity that comes with not having a constant stream of guaranteed income. Because of this, it’s important to look after mental health as much as physical health.
Ever since we launched our revolutionary platform, we’ve been focused on creating software that helps self-employed workers save time and importantly stress. Everyone knows that admin, paperwork and issues around both finance and tax can be stress-inducing and so our products aim to alleviate these, giving subcontractors breathing room and more time to spend on things that they enjoy.
With Wise, you will not only be able to maximise your take-home pay but you also work with a specialist accountancy company who will complete all your tax and invoicing – drastically cutting down on your to-do list!
Wise’s top tips for the self-employed
- Allow time for exercise – regular exercise is good for both your physical and mental health.
- Get enough sleep – being self-employed can mean that your working hours might be all over the place. Remember, taking some time to rest will improve your concentration and productivity in the long run.
- Fuel your body – Eating a balanced diet will make you feel a lot more energised and reduce any risk of illness.
- Socialise – Self-employment can sometimes feel like a lonely route to choose, so keeping your social interactions with friends, family and even colleagues and customers is key.
- Rest – Take time for yourself!