Self-Employment

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You're the boss

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Tired of making money for someone else? Why not work for yourself? Two n2k readers tell us how they became teenage tycoons.

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Self-employment: the basics

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Ever wondered what it would be like to work for yourself or start your own business? Self-employment can be a challenge, and hugely rewarding if things go your way.

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5 Things u need2know

  1. Self-employment can give people a sense of freedom in their working life.
  2. Working for yourself can be a challenge, because you have a whole new set of responsibilities.
  3. If you're ill, it's unlikely that you'll get sick pay. If you don't work, you don't get paid.
  4. Your tax will also be paid differently and if you work for yourself, you will be responsible for managing your tax payments and National Insurance.
  5. There are hundreds of web sites that tell you how to set up and manage your own business.

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