Wag N' Wash


The Benefits Of Self-Employment

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2020 was such a year of change. The changes from the pandemic were sudden, unexpected, and mentally exhausting. Many people found themselves suddenly unemployed and trying to make ends meet.

Self-employment has always existed, but the pandemic taught everyone that almost any task could be done just as well remotely. Although 2020 was the year of the pandemic, 2021 is referred to as the year of resignations. And why? Because so many people decided it was better to start their businesses and take advantage of the benefits of self-employment.

The benefits of self-employment are many. Self-employment is ideal for stay-at-home parents, retirees, artists, writers, consultants, and others with special skills who don't want to be exploited by bosses. It offers excellent flexibility. The best thing about self-employment is that it frees you from the constraints of a traditional employment structure.

A self-employed person is someone who can make good money on their own terms and own schedule, without being told what to do by a boss. Self-employment is also for those people who are highly talented and can make a decent income by selling their talent independently. Let's take a look at the main advantages of self-employment and why it's worth getting into.

Benefits of Self-Employment Become Your Own Boss


What's the most significant advantage of self-employment? The freedom of having complete control over your life. The freedom to create your lifestyle and working conditions. Even if you have excellent entrepreneurial skills but a low level of education, you can still become an entrepreneur.

Many entrepreneurs have proven that their level of education does not necessarily correlate to their success as an entrepreneur. Once you have made a few dollars through your freelancing activities, you can use that money to fund your online studies and further your skills and entrepreneurial possibilities.

Benefits of Self-Employment Work Whenever You Want


Many working adults nowadays have to work long hours at jobs that restrict their movements. This problem becomes worse for stay-at-home parents who have to leave their kids at daycares and daycare centers for most of the day. In such cases, self-employment can be an ideal option. As an independent contractor, you can work whenever you want, and you can choose whether or not to provide any services for the client. In this manner, self-employed individuals can earn money even when they are not physically present at the business.

Benefits of Self-Employment Schedule Flexibility


One of the significant benefits of self-employment is the freedom of choosing your hours. You can set your schedule, and you can choose to work during the weekend, on holidays or during the weekdays. When you are already employed, you need to stick to the same schedule whether you are working or not. As a self-employed person, you can easily change your schedule and adjust it when your business becomes more stable.

Perhaps you feel strongly you want to drive your kids to school and pick them up from school. Now you can do it! This scheduling flexibility is perfect for parents or individuals with other responsibilities such as eldercare.

Benefits of Self-Employment Tax Deductions


If you are an active entrepreneur who earns more than the average earnings of other similarly situated businesspeople, you can benefit from tax deductions. Usually, you will get deductions for the taxes paid on the income you earn from your business activities. For instance, you can claim tax deductions for sales of tangible assets you use during the year. In addition to this, there are also special tax credits for small businesses that consist of fewer employees.

Sample tax deductions include:

  • Advertising
  • Business insurance
  • Vehicle expenses
  • Depreciation of assets
  • Home office deductions
  • Meals/entertainment
  • Office expenses
  • Supplies
  • Travel
  • Other expenses

The Numbers

$99 billion

The Pet Industry Net Worth in 2020

$43.52*

Average Ticket Price

32%*

Estimated Net Margins: Grooming

$1,519,199*

Average Gross Revenue

$425,050 – $789,350*

Total Investment

*Refer to 2021 Franchise Disclosure Document Item 19

Benefits of Self-Employment Unlimited Income Potential


When you work for an employer, your salary is your salary. Sure, you can request an increase, but even that is limited. But with the benefits of self-employment, your earning potential has no cap on it. Continue to work and build your business, and the sky's the limit.

Benefits of Self-Employment Save Money


Since you won’t be traveling to the office every day, you will be saving money on transportation. Any travel you do conduct as part of your self-employment may be tax-deductible. All the money you were spending on office clothes? No longer necessary unless you want to wear them. Feel free to sit around in your PJs - unless you are meeting with clients, perhaps.

Benefits of Self-Employment Opportunities


Even though you may wish to be self-employed, that doesn’t necessarily mean you need to build a business on your own from the ground up. Franchise opportunities exist for precisely this type of situation. What are you interested in? Where are you located? Pick a franchise that fuels your passion.

Wag N' Wash


A franchise that offers all of these benefits of self-employment is Wag N' Wash. Do you love animals? This pet washing business is the perfect franchise. People love to pamper their pooches, and sometimes bathing their dog in their bathtub can be challenging. At a Wag N' Wash, all tools are immediately at their disposal.

Wag N' Wash is a natural pet food and retail center providing patrons and their pets with a fully inclusive complete experience offering full spa days, DIY washing and grooming facilities, baked treats, natural food and more. Best of all you could bring your dog to work any time you want!

Considerations Before Becoming Self-Employed


Being self-employed is amazingly freeing. However, it is critical to know precisely what you are getting into. Having an employer can feel like your creativity is being stifled. There are significant benefits to working for an employer that you will now need to manage yourself if you are self-employed.

No Medical Benefits

One of the major disadvantages of being self-employed is no medical benefits. Many employees buy medical insurance for themselves only after they get a job. Thus, as a self-employed person, it is essential to set up a savings account to provide you with some protection if you incur a significant medical expense. If you happen to be married and your spouse carries family insurance coverage, this is much less of a concern.

Taxes

When self-employed, you are responsible for your taxes. State and federal taxes will no longer be deducted from your paycheck. Taxes may seem like a daunting responsibility the first year, but you can do it yourself with the right software. The other option is to keep detailed records and provide them to your accountant for quarterly or annual filing. They can tell you which is best for your situation.

Enjoy Self-Employment With Wag N' Wash!


No matter what your skills, experience, and education are, Wag N' Wash is a great way to start seeing the benefits of self-employment. If you have multiple skills, you can diversify your self-employment portfolio and always land on your feet.

Our pet franchise is perfect for animal lovers, but is a great opportunity for anyone looking to leave corporate America and make the next move in their career by opening a business.

Take that first step. And then a second. As long as you are working to move forward, self-employment is a wonderful option and quite freeing. Inquire today about opening your own Wag N' Wash!

Dog grooming franchise at Wag N' Wash.

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