Entrepreneurship offers a lot of advantages. Personal freedom, fulfillment, and satisfaction are some of the biggest benefits of working for yourself.

But you’re also missing out on a few perks that make life just a little easier if you quit your job as an employee and strike out on your own. Think higher taxes, more expensive healthcare, and other financial hangups that happen to the self-employed (like having a hard time securing a loan because you don’t have three years of regular pay stubs to show you can reasonably repay money borrowed).

While some situations (and people) argue that it’s worth the trade-off, the reality is working for yourself is tough. It’s even harder if you’re not married or have no partner to help you handle expenses when your income can fluctuate from month to month.

But there is another way. Why not have the best of both worlds and run a side business while you keep your day job? [Read more…]