Despite the challenges they face, self-employed individuals across the Island of Ireland are demonstrating remarkable resilience and a strong commitment to future-proofing their businesses. A new report from AXA Ireland, "The Allure and Anxiety of Self-Employment: A Balancing Act ," reveals how these individuals are investing in themselves and their businesses to navigate an uncertain future.
Taking steps for long-term sustainability
The report highlights the proactive steps self-employed individuals are taking to ensure long-term sustainability. This includes upskilling and personal development, embracing digital transformation, and diversifying revenue streams. They recognise that adapting to a constantly evolving economic landscape requires ongoing learning, innovation, and a willingness to embrace new approaches.
Upskilling to remain competitive
One key finding is the emphasis on upskilling. Self-employed individuals understand that their skills and knowledge are their most valuable assets. They are actively engaging in training programs, expanding their skillsets, and staying up-to-date with industry trends to remain competitive.
A policy environment to support self-employment
The report also underscores the importance of a supportive policy environment. Government policies that promote entrepreneurship, provide access to funding, and streamline regulations can create a more conducive environment for self-employment. This includes initiatives that support digital adoption, facilitate access to training programs, and provide financial assistance during times of economic uncertainty.
Driving our nation forward
By investing in themselves and their businesses, the self-employed are not only building resilience but also contributing to the overall health of the economy. Their commitment to innovation, adaptability, and lifelong learning is a testament to the entrepreneurial spirit that drives our nation forward.
Check out our website for more information about our ‘Being self-employed shouldn’t be a risk’ campaign, and download the full report.