Starting a self-employed business and operating as a self-employed business owner has many advantages, and for some individuals it can be the perfect fit. But self-employment is certainly not for everyone.

In August this year, the federal government made changes to Australian workplace legislation. These recent employment law changes will impact many businesses around the country, including small and medium businesses.

So, your trade small business is looking into hiring a tradie apprentice. This is great news for the candidates who may fill the role of your first apprentice, but it’s also great news for your business.

There is nothing like being your boss. The freedom, the opportunity to pursue your passion and being in control of your career path. It also comes with the responsibility of managing your finances, marketing and other key plans for success. Any solid business plan should have a focus on risk management strategies and protection for your business for the long haul.

For business owners, business managers and employers, it’s important to understand the key differences between contractors and subcontractors, as well as how they operate.

Choosing to become a contractor and operate as an independent contractor instead of as an employee of a business or organisation in a traditional sense generally requires that you are very good at what you do. After all, a contractor who isn’t an expert in their field and who can’t demonstrate a proven track record when interviewing for a new contract position may well struggle to find their next contract gig.

If you are looking at expanding your workforce by hiring contractors to help out, it’s a good sign that your business is growing and ready to reach new heights! The process of hiring contractors involves a bit of research and preparation to ensure that you hire the right people for the job.

Automation is divisive – while some champion the gains in efficiency, others worry it will come at the cost of millions of jobs. BizCover’s Brad Miller says the answer to achieving the best net outcome for businesses, employees and customers boil down to how automation is used.

In the final piece of our Business Insurance for the self-employed guide, we take a look at Personal Accident and Illness insurance and Cyber Liability insurance. We share the ins and outs of why self-employed workers need to consider these forms of cover.

How people work is changing. Flexible work options, creating a better work-life balance, and getting the chance to earn a bigger paycheque are more popular than ever. If these sound like things you’re looking for in a job, then becoming an independent contractor might be for you.