Calling all self-employed folks - does it work for you?(42 Posts)
We know there are quite a few Mumsnetters who've gone down the self-employed route either by choice, or necessity and for the Home Front research we'd love to know how it's worked out for you. Did you (or your partner) get maternity/ paternity leave?
What are the great things/ and the not so great things about being self- employed?
What, if anything, would help you/your partner as a self-employed person, to combine work and family life more effectively..
Over to you
Great things -
- not commuting
- spending plenty of time with DS while he is little
- flexibility to spend long hols with DH occasionally when he gets extended leave for one reason or another
- easy to move around the country (admittedly this is fairly specific to our circumstances, and my industry)
- satisfaction of being your own boss and making all the decisions
Not so great things -
- having to make all the decisions!
- not having cover; ie if I am ill and have a project on, I HAVE to work through it
- having to provide my own healthcare and pensions package
- lack of consistency in income
- days like today, where DS is not at nursery, DH IS at work, and I have tonnes of stuff to do
I could do with an assistant <sigh> or a nanny!
Will let you know in a few months, am in the process of starting it all up at the moment!
Getting sorted has been hard so far though, my childcare doesn't start until next week so have been relying on MIL and feel like I am neglecting everything - the DC's, our home/housework and the new business.
We run a B&B. WE both work it together in the summer and then DH goes off in the quieter times to top up the coffers.
Advantages - DD is in nursery from 8 until 1 so we do breakfasts, rooms and are done by lunchtime and then pick her up so she gets a huge amount of time with both of us, DS will start one morning a week after christmas. We live in a lovely house in a lovely part of the world.
Disadvantage - this year we had DS in June we closed 4 days before he was born (ELective section) and opened when he was 8 days old, we were lucky enough to rent our whole house out for 2 weeks in July but have been non syop since then, so the bickering between us is increasing and we are looking forward to our holiday. There is aalways that constant worry about whether you are going to have enough money to pay the bills and very careful budgeting and keeping an eye on the finances. Losing money because people don't bother turning up and don't phone, it can be a starin being nice the whole time.
Overall the advantages outweigh the disdvantages.
I agree with Littlelapin.
Can work in your PJ's
Loads of time to spend with DS's
No 'morning rush' to get out of the house
No sick pay
No holiday pay
No one to fall back on if need be
I did/do get Maternity allowance at the full rate as I pay NI.
oh yes, am not dressed yet
I also pay NI so will get maternity pay if we ever manage to have no.2 - although I don't know how much maternity leave I would give myself! The Navy gives DH 3 weeks (unless he is deployed)
I ahve had my own physio practice for 5.5 years. I deliberately started it so that i could work the hours i wanted to after starting a family.
Initially is was very, very hard work- working 60 hours per week to get it all set up. That was for about 3 years. Then it became more manageable. I had my first DC 9 months ago.
I normally work 3 days a week 9 to 5.
The work i do is just as rewarding as BC (before children)
I am in control of everything
I can take long holidays (DH self employed
I am in control of everything!
I am the fall back: i am doing full time hours just now to cover holiday
The money isn't guaranteed: a changeover of staff sends the numbers plummetting. Someone left just before my maternity started, someone left during it and someone resigned during it. Numbers down by a third and i have to borrow money to get throught the last bit of my ML.
I had to go back to work when DD was 4.5 months old because of the last resignation
You don't get the employment rights you give your employees! IE mat pay etc
LP I'll be your assistant!
I'm freelancing at the moment. Con for me is the lack of social contact -I'm working at home at the moment, and I miss other colleagues around me. Pro: I can do the school run if I choose to and I like surprising DS.
I'm self employed, though don't work from home.
No office politics. I only account to myself, not to anyone else.
I make the decisions, can (more or less) dictate my workload (though obviously this doesn't always go according to plan) and theoretically ramp up work level or take it down again.
Can take time off as wanted/needed to take kids to doctors, do nursery drop offs, etc.
In theory if I'm extra busy or take on extra work, it SHOULD result in more £££. I can agree this in advance w dh and we can arrange ourselves (childcare etc) accordingly.
Can work from home in the evenings if I have to (though I try not to).
I make all the decisions.
No-one to delegate to AT ALL.
Lead up to holiday times are totally hellish trying to get everything done and ahead of myself.
Can be tied to my mobile phone while on holiday.
If childcare takes time off or is sick, I invariably cover. Work starts to feel like hobby then.
No sick cover, just struggle through or stop working (and have huge load waiting for me when I get back). Ditto trying to work when I'm up multiple times in night w sick/fractious/wilful dc....
Maternity pay does not come anywhere close to salary level, so I end up semi bankrupting myself while on maternity leave.
No sick pay, maternity pay.
I can lie in bed at night worrying about it all.
Am now thoroughly bored of my own company and long for some office banter. Oh, and professional development too of course....
At home if children are off sick
Can stick a load of washing onto the line in between assignments.
Ditto cooking and dog walk
Can do voluntary job in school
Isolation from other adults
Sometimes hard to get into work mode
Loss of benefits like pension, healthcare, etc
Missing out on learning new skills from being around other highly professional adults.
Am at home
Do all the school runs and am here when ever DS needs me
No office crap
Thank god for blackberry!
Its all on my shoulders
Tied to deadlines (can be surreal standing on football pitch discussing a deal!)
Chasing payment is vile
No escape from it
I make all my appointments to fit in with the dc's.
I get to be me and not just Muuuuum.
Money, having been a SAHM for years anything I earn is a plus.
No office politics.
I can still be Mum at the school and have a career.
Alll responsibility on me
If the dc's are ill and off school I can't work and have to let down clients - very very difficult.
Accounts - yuk.
Attempting to get the dc's to be quite when I'm on a business phone call. (which tbh they are v good at, but it's stressful)
What would help:
I think childcare should be tax deductable for all employed people. I paid £300 last term for my dc's to go to an after school club one day a week for a term. I have to offer afternoon appointments one day a week and couldn't do it without the childcare. It's not fair that I can't set this against tax.
I have a wonderful creative job with heaps of satisfaction
I can earn a lot
I get to do the school runs.. occasionally
I have to commute to London and sometimes at the drop of the hat.
my income is erratic
my working hours are erratic
I feel I can never take a day off, or refuse work incase I lose a client
I can't be sick.. ever...
I didn't take maternity pay and I'm not sure there's anything anyone can do to help <sob>
I am freelance working from home
I am around all of the time that the children are not in school - can do school runs, after school activities, holidays are not an issue
No childcare costs
I can do as much or as little work as I like (in theory )
I can do the work when it suits me - so if I want to spend some time in the day doing other things I can work in the evening or a bit on the weekends
I am keeping abreast of developments in my industry which means I could easily go back to employment in the same sector if I wanted to
I have time to do all the other things I want to do - PTA involvement, reading in school, shopping and running errands during school hours is infinitely easier than on a weekend - I NEVER supermarket shop or clothes shop on a weekend
I can go for lunch with friends or meet for coffee
No holiday or sick pay
If I don't work - I don't get paid - this means if I'm ill I usually battle through it whereas I'd just take the day off if employed
Motivation - easy to be distracted at home
No social interaction wrt work although I get this through other things (good network of friends who are also around during the day, PTA stuff, helping in school)
It's hard to say no to work so I sometimes find myself totally overloaded adn working solidly from morning until night for days on end - particularly if I've had a quiet period and I need to make up for it. If work is offered I generally do it!
I pay NI so got maternity allowance
Can't think of anything else that would help me - I think I've got it good tbh, despite the drawbacks
Oh yes, forgot
No office politics
I write and edit books from home, 3 days a week plus some evenings.
No office politics/colleagues/bosses around is no. 1 pro - I love being alone to get on with it.
Loads of space to work - home office, sofa, garden, coffee shop, even in bed if I like.
Flexible hours obviously a massive plus with DS
No commute, no rush in the morning
No guilt if DS ill - it's tough if I have a deadline, but at lesst I don't have to answer to a boss or get disapproving looks from colleagues, or get sidelined, for having time off.
Can skive off for a haircut or shopping or just time to myself (if not busy) - no one will know
No cover - if I'm ill or DS is ill, my work just piles up.
Hard to manage workload as I run several projects at once - so do end up with heavy deadlines and late nights.
End up spending work time on stuff like dealing with window cleaner / gas man / etc etc etc, urgent housework/DIY and anything house-related, because I'm there.
Fecking cat sitting on keyboard - you don't get that in most workplaces
No benefits - but pay is quite good, so I manage.
I did get some maternity pay because of a legal loophole - though freelance I was legally "employed" by one of my clients for various complex reasons and they had to pay me maternity pay - but that has been changed now so wouldn't happen again.
I feel we have a good mix of work and family life - DP tries to get home for bedtime, we have weekends together and I have 2 weekdays with DS as well. Only improvement for me would be if I could work less and spend some of my time on my own more creative projects - I'm trying to work towards that.
I agree w how being able to put at least SOME childcare costs against tax would be a massive help. TBH, I felt that until recently, I have been not really MAKING much money, just ticking over (once childcare costs have been taken into account), but I see it as an investment in my work for the future. It feels good for me that I have managed to stay in my profession without more than 6 months out at a time, thereby (hopefully) safeguarding my career/earning power etc....
Pros - Can fit in with kids sick/concerts etc
- no travelling expenses
- all in my hands
Cons - have to self motivate
- no other adults
- no sick leave/cover
- all down to me
I find it hard doing it all around kids etc, it will be easier when DS is at preschool. It has given me back a life that I lost through having children though - I didn't want to GO to work as I value the early years too much and we are lucky to just about cope with me not.
I need to look into things like maternity etc with being self employed (NO I AM NOT PREGNANT). I do pay NI
I can eat what I want
I can (sometimes) get time off when I want
I fill in when anyone else can't
Stress of being in charge
Accounts are a major hassle & always end up at the weekend
the line between work & home is blurred
It is complicated for me as DH does most of the childcare tbh (at least of our own child) but if I had to care for her too our lives would be very different as she couldn't do all the clubs/after school stuff she does
- No boss to explain childcare-related crises to;
- Free to manage own time;
- Can make tasty snacks all day.
- Have to explain childcare-related crises to clients;
- Generally spend own time procrastinating and MNing errrr like NOW;
- Kitchen gets very messy from constant preparation of sustaining snacks.
- no grown-ups to chat to;
- no sick pay/pension etc.
I think self-employed people should be allowed to work part-time (say, up to 16 hours a week) and STILL be paid SMP - SMP is CRAP pay and you lose a lot of business if you can't do anything at all for that period. Although an employed woman will go back to work after Maternity Leave on the same salary, a self-employed woman will often have to take a pay cut, because she will have lost a lot of client basis over the time she has taken off.
Well I've only restarted my business in a very small way as I'm looking after my children full time and about to have another, but
I like working by myself
can choose my hours (depending upon projectan work late at night (favourite time)
No-one to slow me down
no office politics
chasing payment can be a pain
lack of emplyment rights
some people think it means you are available 24/7
I get MA through NI contributions, though it is a cut in pay
Cat no longer allowed in studio, but she used to sit in front of monitor playing havoc with the power button.
It can be very 'feast and famine' when you are starting out.
no commuting (but see below)
delivering discrete projects then moving on to the next one
independence - being accountable to myself and not having to rely on colleagues
no office politics (but see below)
flexible working hours - a pro in that it means I can (in theory) work around school hours, see more of dcs and pay very little in childcare(but see below)
no commuting - sometimes I actually miss it as it used to be the only time I took 20 mins to sit down with a coffee and the newspaper
I sometimes miss office politics too - certainly miss having colleagues to chat to in the kitchen and definitely miss the prospect of career development (not that there ever was much of one...)
flexible hours can mean trying to squeeze too much in, blurring the work/home distinction, taking on work when it would atcually only be feasible with childcare so you end up working too much when dcs are around and/or working evenings - net result no time off. (but that's only to be expected it you going to try to cut out childcare)
ideas for the EHRC that would make my life easier (I know you didn;t ask but hey...)
- flexible ad hoc childcare, before and after school and in holidays - very difficult, I know. I can;t expect clubs to be there just in case I have a work crisis, but something to think about.
- tax breaks on childcare (over and above the childcare vouchers)
- a term-time/holiday structure that reflects modern life - not religious festivals and the need to have kids working the harvest
most of the posters seem to work from home, i am a locum doctor so do not have the pros of no commute etc, i fin dit rewarding because it is nice for the ego when surgeries ring up and want to book you because you have been good/impressive etc, the pro is not saying no to work for fear they will never ring again, so thought i did it to work less and more flexibly now work harder/longer an dhave the headache of my own admin/bookings/invoices and pension....actually i need a holiday desparately so probably feeling not very positve at hte moment.
being self employed the worst thing is the cash flow problem. Reallyt makes us so broke all the timeha hard getting clients to pay on time. and
ability to be flexible is good but surely employers should be flexible too?
miss the break off time that the commute gives - no break between work head and mummy head space.
letting down clients when sick/child sick - in an organisation someone else can usually pick up for you.
really need better after school care, not just for little ones but over 8 - 12 too
and in fact i am going back to work next month as i've had enough of earning reasonable money but never getting paid and always having huge overdraft
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