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
The big con, for me, was no real maternity pay. Maternity Allowance was £100 a week in my case. I can't pay my share of the mortgage and bills on that; each of my four-month maternity leaves cost me around six grand, I reckon.
Pros: can spend more time with my baby (I work from home but have a nanny 3 days a week)
can usually take time out in the middle of the day if I need to e.g. for doctors visit for my son without having to justify it to anyone apart from myself!
When childcare lets me down (as my nanny does more often than she should!) I can often manage the workload without having to admit to anyone that my childcare arrangement has failed - a hassle for me but less hassle than if I was employed in an office 9-5.30 and had to apologise to my boss, loose a day's holiday etc etc.
cons: I earn much less than if I had the equivalent level employed job I had before I went self employed since I had to start building client base again after return from maternity leave (thanks to an idiot I hired to cover for me during maternity leave who lost me all my clients!)
I have to invest in childcare BEFORE I have any income in order to be available to attend speculative meetings with potential clients, prepare for new business pitches at short notice and to begin working on a new client (usually at short notice!). That means a big financial outlay before any income arrives - especially as it takes a couple of months to receive payment once client signed up - i.e. I work for a month then invoice retrospectively then wait a month or more for them to pay. I can only afford to do this because I have a well-paid husband who bankrolls me - I could be a stay-at-home mum if I wanted to be but I am trying to keep my career going as an investment for the longer term future while also being able to be close to my son when he is young.
Maternity allowance is very low - I've been saving money to top it up for my next period of maternity leave but its not been easy. Freelancing allows me flexibility and I can earn a reasonably high rate for not that many hours, but I couldn't afford to do it if I didn't have a partner with a steady income. Or rather I would be too nervous to do it without a partner with a steady income.
So what we've got is a fairly traditional arrangement - he works full time and I work very part time and do the bulk of the childcare and housework.
I'd hoped that things would even up over time but I'm starting to realise that childcare issues can get harder, not easier when children start school. (I know, seems stupid not to realise before!) so I'm not quite sure when we will reach the point where I can/want to work more hours.
On balance, I love being self-employed, but I am lucky that DH earns a reasonable amount so I am not trying to support a family on my earnings - more to cover childcare, keep my brain busy, and help out with extra money etc.
- no office politics or pointless meetings(this is a biggy for me )
- not having to commute every day
- the ability to take time off when I need to, and make it up later
- much less stress when the DC are ill
- no-one to share the stress with or delegate to
- difficult to take a holiday
- easy to end up 'out of the professional loop'
- having to pay for my own training
- no IT support!!!
I did get Maternity Allowance and took 4 months off when I had DD2. I still managed to lose a few of my contracts over my maternity leave period though, and of course as a freelancer there's no comeback on that.
No maternity leave, like I sadi we reopened when DS was 8 days old, I do breakfasts book keeping etc DH did rooms as I had a section. Bt this balances out with time off in winter when we are quiet.
Agree with everything so far - the most difficult issues for me are:
- not being able to turn work down
- flexibility being a double edged sword ('flexible' my arse when working at 2am)
- finding time to do admin - most importantly invoices
- the stress of trying to make business calls with dcs at home
- high workloads managing to coincide with dcs being ill and excluded from nursery
- saving money on lunches, however most of the time I don't make any lunch and eat rubbish instead
Sounds very negative but it's still miles better than trying to fit into a conventional 9-5 office routine with 4-5 weeks holiday, etc.
Had M A, but also had some big contracts finishing at same time, which kept us going as MA was quite a pay cut at the time.
DH works in public sector- much earier than when he was lecturing which was conntact work. It's easier if one of you is on normal salaried work.
only did it post children - did it solely because of dd with chronic condition as it was 'meant' to be easier
oh, and i had maternity allowance but that was much less than i would usually earn
I had to stop treating patients at 7 months as the bump literally got in the way. Was doing business admin until the week of the birth (was just before christmas) and started going in 2 weeks after she was born. I started treating patients again 4.5 months after she was born.
My first employee got PG 3 months after i employed her. It cost me 25K in lost earnings when she was off. She got PG again just as i was about to go on my own mat leave. Nothing to do but congratulate her! but it did occur to me that she was having the life i had worked so hard to get for myself- she came back on reduced hours with no late or early appointments. She was a fantastic employee in all other respects
for my self-employment I had about 2.5m mat leave because of the sheer physical restrictions in the last month of pg and the 1st 6 weeks after DS was born. would have liked longer perhaps but the clients wanted me back and the money was useful.
What about maternity/paternity leave - has that been an issue for anyone?
Self employed as a transcriber because I live abroad and it's the only work I can get that pays a decent living.
- Work from home
- Earn enough to live on.
- Am at home if DS's are ill.
- Can do the homework, piano practice etc with the DC's.
- Deadlines mean sometimes have to leave DS'in front of TV while I work.
- Never turn down a job just in case no work tomorrow, so work seven days a week.
- Miss the commute and the chance to read a book on the train.
- Never switching off from work, always checking emails etc.
- Livable salary but earned so much more on a 9 to 5 in the city.
- No sick pay, have had to work on days when all I want to do us curl up and die.
- No holiday pay, so have caught myself panicking halfway through a week off and taken more work.
I would actually love to go back to office work with other people but it's not going to happen with DC's at school.
I'm self employed and love it! I offer marketing services and retail aloe vera products (and team build with the same company).
My aloe work is fab as it fits in totally with being a mum- whenever i'm harping on about some new product i'm actually working! Its the most fun work i've ever had and definitely the most rewarding when I get customers who have health problems and my products really do help them. Also the people that i've introduced the business too have all (so far) had similar successes to me and its very rewarding helping them build their businesses. and of course having to try out lovely products as 'business expenses' lol. Its a hard life!
Cons... no longer wearing glam stuff to the office and no shopping in my lunch hour! I'm sure that because i'm home based I do the lions share of childcare and housework.
Also, sometimes I feel like i'm always working/checking emails. Not a problem generally tho as I love the work I do.
Saying this, my aloe work has superseded my marketing consultancy work in recent months so i'm no longer chained to the computer to do 'actual work'. Yakking away is work which suits me fine
Both Dh and I are self-employed, which is both lovely and bloody scary.
Can 'box and cox' childcare between us
Often both at home in the day
Can take/meet kids to/from school
Income wobbles up and down quite a lot
Workload unpredictable so can't plan more than a couple of weeks ahead (and have often had to cancel holidays)
Can be lonely (unless I get some office shifts)
Easy to get distracted by home chores
I'm a freelance copywriter - working from home. DD was two last week, DS is nearly 6 months.
- I can fit my hours in around the children (I don't have childcare) so I'm always here for them.
- I have no commute and no morning rush.
- No office politics.
- When I was employed I'd get endless rounds of legal comments and amends on each piece of work (mostly financial services). Now I get to do the creative stuff then that's usually it!
- The money's better as a freelancer.
- No social life! I have to work evenings and weekends. And no office social life either. No free Christmas parties!
- No security. You never know when you're getting the next job.
- No time off!
I agree childcare vouchers for self-employed people would be handy.
Was part self-employed (massage therapist) and part employed (lecturer and sub-editor) when I was pg; got stat mat pay from my employment for 9m. After that, had to go freelance because I didn't want to go back to the office so now am totally self-employed.
no need for external childcare
lots of time spent with DS
flexibility on both jobs
inability to focus my time successfully because of taking care of DS
insufficient sleep because do work after DS has gone to bed (oh yes - and spend too much time on MN)
Wouldn't change it though - luckily DH is on reasonable income with O/T option.
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
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.
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
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 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.
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
I need to look into things like maternity etc with being self employed (NO I AM NOT PREGNANT). I do pay NI
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.
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