Collaborative Post
When you have a family, you can often find yourself questioning what career path will best benefit them. Up until this point, you may have focused on whatever best suited you – something you were interested in, something that worked around your lifestyle… but circumstances do change with little ones in the mix and you may be considering a career change to match. Here a few paths with their relevant perks!
Employed Work
Employed work is the most common mode of work. It involves working full time or part time for a company. You sign into a contract that commits you to a set number of hours a week and where the employer commits to pay you a set amount of money for this work. Is the reason that employed work is so popular? Well, you can walk straight into an employed role without having to invest anything financially. The workplace will provide you with the equipment you need to complete the job and they’ve already invested in the creation of a profitable business. You also get various perks that provide stability for families – annual leave (so you can take a set number of days’ worth of holiday with your family and still be paid), parental leave, sick leave and potentially more. If the company decides that your role isn’t necessary anymore, you will also be entitled to redundancy pay to help tide you over until you find a new job.
Running Your Own Business
At the other end of the scale, you can decide to take control of the reins and run your own business. Here, you’ll be in charge. You can choose what your company sells. You can choose how it’s branded and marketed. Perhaps most importantly? You’ll be your own boss and this comes with flexibility. You don’t have to request time off if you need it. You choose what hours you work. You choose where you work. Plus, if your company is successful, you can stand to earn a lot more money than you would in an employed role, as you’ll be keeping all of your profits. Just bear in mind that running a business really is hard work. You need to consider things like website design, market research, product development, manufacturing and SEO services – this page has more information.
Freelancing
Freelance work sits somewhere between employed work and self-employed work. Here, you aren’t tied to a particular company or role, but instead, complete projects for different clients. While freelance work can feel a little insecure at first, you can build up a good base of clients and have ongoing work within a matter of time. The main perk? Freelancing tends to be extremely flexible. You can choose your working hours meaning you can work around your time with your kids!
These are just a few options, but they are the most popular options out there when it comes to making money. Only you will know which will be best for your family.