How Does Self-Employment Work?

When I first started, the only advice I could find were books, the odd video, classes, talking to an accountant, or seminars. None of it helped me reach the understanding I now have. I’ve done the hard yards, made the mistakes, and hopefully can help send you in the right direction.

Nowadays, thousands of mature entrepreneurs are shifting to self-employment, freelancing or becoming what we call solopreneurs. And when you are starting, it pays to know how a business works, mainly if you haven’t run one before.

It is not all common sense, and finding good advice is difficult. But that is part of the experience you gain and the things you need to learn as you go.

If you are new to business or exploring starting your own, the following videos will give you some insights into how a business works.

While luck often makes a business successful, the rest of us need to understand better what we are embarking on.

Besides good health, knowledge, wisdom and skills you’ve gained over a lifetime, some capital to spend and perseverance, knowledge of how a business works is most important.

More so as you start.

I have selected these two videos as good introductions with inspiration and deep knowledge to help you on your journey. I hope you enjoy them as I did.

Jessica Jackley, author of Clay, Water, Brick

Jessica established Kiva, a website that allows you to lend small amounts of money to entrepreneurs worldwide, as small as $25.

With a 98.6% repayment rate and over USD$760 million lent, it works well.

This is an important video as it describes starting something with just what is in front of you. The sticking point for many businesses is that you can get stuck. Watch this and be inspired to get moving.

Kiva Co-Founder Jessica Jackley: Entrepreneurship that Can Change the World

An Introduction to Entrepreneurial Management with Nathan Monk

Nathan Monk is a senior MaRS Information & Communications Technology (ICT) sector strategist. He is a lean-agile evangelist, mentor, digital strategist and growth hacker/marketer. It’s well worth spending the time to listen to.

The focus of this video is to help you reduce the risk of failure. He advises knowing where to stumble in your startup business and how to avoid them.

His number one question is, ‘What would you like to do well for an extended period of time…’

Watch this one a few times. It is well worth your time.