Self employment has been dubbed the most easy and reliable way of living comfortably nowadays.
Self employed people venture into niche business and prospers.
Commonly referred to as private practice, owner managed businesses nowadays are doing great in terms of expansion and profitability.
But so many of us crave for this and lack two key things, resources and the best ideas to venture in.
Selling becomes the easiest option to those who have the resources to use in the startup stages.
Those without resources seek cheap and simple alternatives as start ups.
However, self employment is deemed as engaging in a business which your skills and relevant qualifications can help nature into a profitable business.
There are two key incentives which one can venture into as self employment.
These are: Own service provision business Selling business Selling business involves setting up a shop and selling goods and products that people around you need most.
This translates into shops, cyber cafes, telephone services, supermarkets to fast foods and tailoring.
These are incentives which grow into major distribution companies and chain businesses.
A service business involves selling the services which you think people want.
It could be a vet clinic, a local law firm, consultancy firm, a jobs bureau to barber shops and salons.
These are incentives which transform the owner's life tremendously in terms of both profit and his career.
These self employment principles often are fruitful.
This is only if the owner is sure that this is what he wanted to practice and he commits his time and resources well on the venture.
This way, self employment becomes both lucrative and profitable.