Engel & Völkers
  • 4 min read
  • 05.08.2024

Tips and Ideas for Self-Employment

mujer trabajando con un ordenador

How many times have you thought about having more control over your professional life? We offer several potential pathways to self-employment.

Choosing your own hours and not being subject to the orders and disorganization of a boss are some of the main reasons many people decide to change careers and opt for something that allows them to work independently. However, this decision requires careful planning and a deep analysis of your goals. We are here to provide tips and ideas to help you achieve this desired career change and take control of your professional life.

Why Pursue Self-Employment?First, it's essential to understand why you want to work for yourself. Many people are drawn to the idea of working from home, creating their own schedules, and enjoying more autonomy in their lives. The freedom of self-employment can be incredibly rewarding, but it also requires discipline and a solid plan.

To start, consider creating a website or portfolio to showcase the services you offer. Be prepared for the process to take longer than expected, so it's crucial to have a financial safety net to support you during this transition.

Top Ideas for Self-Employment

An interesting option that’s gaining attention in Portugal is becoming a real estate consultant. This profession offers great autonomy and flexibility, allowing professionals to manage their time and build a dynamic and profitable career. Companies such as Engel & Völkers provide the tools and support necessary for those wishing to pursue this career, offering growth potential in a successful and structured environment.

Other Self-Employment Options You Can Pursue RemotelyWith just an internet connection, you can engage in a variety of independent jobs, including:

  • Online consulting

  • Content writing and editing

  • Video editing

  • Text translation

  • Reselling

  • Social media management

  • Digital marketing services

The possibilities are vast, and many of these roles allow you to work from home while enjoying the flexibility of self-employment.

Self-Employment Opportunities Outside the HomeIf you’re open to working outside the home, there are even more rewarding self-employment options. Nowadays, it's easy to build a solid client base with services such as:

  • Selling homemade products

  • Catering

  • Petsitting

  • Furniture assembly

These professions rank among the most profitable self-employment options.

Step 1: Legalize Your Business

After choosing the service that best suits your goals, it’s time to learn about the legal and tax requirements for your work. Consult with specialized professionals to understand the necessary steps to legalize your activity. Once you’re compliant, you can confidently progress in your new venture, independent from external management.

Step 2: Understand the Market

It's important to be aware of the potential in each field of work we've described. Research the market and identify which areas offer the most potential in your location and field of interest. Avoid risky decisions that could jeopardize your career change and aim for stable, viable sectors.

Step 3: Define Your Motivation

Most people see time management and working from home as the biggest advantages of self-employment. However, to determine which profession best fits your profile, it's important to evaluate whether your motivations are simply to escape fixed schedules or a desire for true autonomy.

Remember, independence comes with responsibility. Achieving success as a self-employed professional requires discipline and dedication.

And now, which profession should I choose?

I Want to Work From HomeIf autonomy and flexibility mean working with just a computer, here are some of the top professions for self-employment in 2024:

  • Market Research/Opinion Studies: Participating in market research can be a simple yet lucrative way to supplement your income.

  • Data Entry: Despite the rise of digital platforms, there is still demand for transferring physical data to digital formats, making this a great option for those without specialized skills.

  • Content Writing: Many websites require content, and communication professionals seeking autonomy can thrive in this role.

  • Real Estate Consultant: As mentioned, this career path offers significant potential for professional independence.

  • Digital Marketing and Communication: This field is essential for businesses today, and it allows marketing professionals to build their own client base with flexible schedules.

  • Design and Editing: The demand for graphic design and editing is booming, and these roles can be done 100% online.

  • Private Tutoring: Online tutoring has become a popular option since the pandemic, with language studies being particularly in demand.

  • Translator: Translators, especially those offering subtitling services, can work remotely with a global clientele.

  • Reselling: E-commerce is another excellent self-employment option, with immediate profit potential.

Ideas for New Self-Employment Profession Outside the Home

  • Petsitting: This growing profession relies on platforms that help connect you with clients and build a strong reputation.

  • Caregiver: A more demanding role, caregiving is ideal for healthcare professionals seeking greater independence.

  • Catering: If owning your own business is the goal, catering can be a rewarding and fulfilling self-employment option.

  • Cleaning and Household Services: With the rise of online platforms, offering household services can quickly lead to financial independence.

Plan Carefully and Maintain Financial BalanceWhatever path you choose, careful planning is essential. Always consider the costs of self-employment, including materials, bills, and workspace. These details should not be overlooked. A well-structured plan will ensure your transition to self-employment is financially rewarding and sustainable.

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Engel & Völkers Portugal

Av. da Liberdade 196, 7 andar

1250-096 Lisboa, Portugal

Tel: +351 210 200 490