The self employment option
Self employed individuals can be described as those people who operate their own economic enterprise, or engage independently in a profession or trade (with or without employees).
A study completed in 1997 (Self Employment in Australia, Description, Analysis and Policy Issues, Chapman, B; Gregory, B; Klugman, J), revealed that approximately 20% of Australia’s work force were working in their own businesses.
Being self employed is therefore one option that that you may wish to seriously consider when planning your career. Setting up your own business may be an employment goal either when you graduate, or a later stage in your career when you have gained more experience in your chosen field.
Self employment however is not for everybody, and the decision to invest in and operate your own business should be carefully considered.
The information provided here is to assist you to do some more research to assess your suitability for self employment, and to increase your knowledge of what is required to set up and manage your own business.