16. Independent work or self-employment: Is it right for me? | Career Questions

In today’s episode, part of our Career Questions series, we delve into the topic of leaving the corporate world to become self-employed or start an independent business. With many seeking autonomy and purpose beyond traditional jobs, and the instability spurred by recent layoffs, the allure of independence is on the rise. Currently, over 7 million people in the US are independent workers, with a majority embracing this path full-time, indicating a significant shift in career norms influenced by technology and changing work-life dynamics.Joining us are two guests who have navigated this shift. First, we'll hear from Rajat Kapur, founder and CEO of a fractional CMO agency, on his journey from corporate to consulting, the realities of self-employment, and how he secured his first client. Next, we're joined by Sam Lee, founder of the IndeCollective, a program hailed as the modern MBA for independent workers. We'll discuss the vast landscape of independent work and the essential skills for running a successful solo business.Together, we’ll examine freelancing, self-employment, and other forms of independent work, discussing what to consider and how to transition effectively.Thinking of going independent? There’s a lot to unpack, but we’re here to help. We talk about: [09:45] Making the decision to go independent and exploring your options[18:39] Landing your first independent client[26:03] What fractional work is[34:34] Deciding whether fractional work is right for you[41:50] The upsides of going independent[50:21] Advice for anyone looking to leave corporate work[57:07] Dealing with limiting beliefs around doing independent work[01:05:32] Breaking down the different ways to be a solopreneur or independent[01:17:12] How community plays a role in building a successful business faster[01:20:58] Adapting to the changing world of workResources:Connect with Raj Kapur on LinkedIn & learn more about &Marketing at and-marketing.comConnect with Sam Lee on LinkedIn & learn more about IndeCollective at indecollective.coLearn more about building an independent career: Upwork Study Finds 64 Million Americans Freelanced in 2023, Adding $1.27 Trillion to U.S. EconomyThe Future Is Fractional: How Remote Work Opened Doors For Decentralized TalentGoing freelance full time in 2024? Here's how to make it workConnect with me:InstagramLinkedInYouTubeselfatwork.comProduced by NOVA Media