Sometimes you get the impression when talking to other self-employed people that they are never ill. Of course that’s not the whole truth.
Most self-employed people haul themselves to work if they can, because only then do they make money. Existential fear can be a strong drive.
What experiences I have made with it, why this attitude can jeopardize your own business even more and which possibilities there are to circumvent this, you will learn in my article today.
Self-employed are never ill ?!
I do not remember that I was sick in the first years of my self-employment . Of course, I had colds or other problems (we had small children who always brought something back then), but I still worked. Maybe I was 2 or 3 working days in 3 years not working because of a medical condition.
You can also catch a lot of things as a self-employed person on the net . Be it a cold, headache, back problems and the like.
Still, I’ve almost always hauled myself to work, although of course I had the advantage of working in the home office. But if it did, I sat in front of the computer and worked on my blogs and customer websites.
After all, there is enough work to do for the self-employed, and if you do not do anything, you do not make any money. This is a very high motivation for many self-employed.
And that works quite well if you’re young and basically healthy.
Existential fear and dangers for your own business
But in the long term it is not a good idea to ignore your own illnesses again and again. Of existential fear is often worked, otherwise a loss of revenue threatens. That is dangerous .
As a result, one’s own health usually suffers even more and there is a risk that it will last longer. A short-term illness can quickly become something long-term and even chronic symptoms can not be ruled out if one does not recover properly.
Apart from that, you can possibly also infect your own employees, which can do even more damage.
It is difficult for many, but you should rather cure yourself properly. You’re not that productive anyway, and you make mistakes more often when you’re not healthy. In addition, it can bring other disadvantages, such as a bad appearance in discussions with customers, etc.
Sick without loss of income
The main reason why for many self-employment a sickness-related loss leads to a loss of income is the 1: 1 business model. Anyone who exclusively offers services or processes customer projects can only earn money if he or she also works.
That’s why I switched to the 1: n business model a long time ago . In doing so, you no longer work for just one client, but build up sources of revenue that make you work, but bring in money on a permanent basis.
A blog is a good example of this. I write articles that do some work, but they bring me many years of visitors and thus income (eg through affiliate marketing ). An eBook is also an example.
This permanent income or passive income does not have to represent the entire independence. However, anyone who converts at least a part of their own income to it will continue to make money in the event of illness.
For example, I continue to earn exactly the same amount of money if I fail for a short time. My blogs and niche sites do not “notice” when I’m not working for a week.
If it breaks down for a while, the revenue will certainly go down a bit, but still I would continue to earn money for a long time. The blog articles continue to bring traffic, which I monetize eg with affiliate links. My eBook also sells without my intervention. Anyway, my niche sites are running almost without my intervention, so it would not make a difference if I’m sick longer.
It is of course not so easy to tap into any business passive sources of income, but at least a certain proportion of their own income, almost anyone can realize it.
Be protected for emergencies
But even if you have such passive sources of income, you should hedge for the emergency. Therefore, I see my private health insurance as a hedge in case I really fail longer.
A separate health insurance has long been mandatory for self-employed. Since 2019, the statutory health insurance (SHI) has become much cheaper , especially for founders .
In addition, the voluntary insurance in the GKV offers the advantage of sickness benefits for a small additional amount. From the 43rd day of incapacity to work you are entitled to 70% of the average previous income (on which you have paid the contributions). Some funds offer against higher contributions an earlier disbursement of sickness benefit (also called sickness allowance).
With the private health insurance * one can conclude as self-employed a supplementary sickness insurance *, which includes among other things sickness daily allowance. Again, the choice is available, from when you want to receive this and how high it should be. The sooner and the higher, the more expensive this insurance is.
A long illness can also become a permanent occupational disability. Therefore, one should conclude a disability insurance, which is relatively cheap, but secures for the absolute emergency, because the state is in such a case, almost nothing.
Sick at home – what else can you do?
Not only did it catch me recently, but my entire family, so everyone had a bad cold. Of course, there was no thinking about real work. I simply did not have my head for writing long and detailed articles.
That’s why I’ve done a few smaller things on these days, which are otherwise left behind:
- I cleaned up my office or desk.
- It was time again to clean up my hard drive a bit.
- I have updated the WordPress plugins of my many websites, which of course I regularly do.
- On my niche websites I have updated and added some affiliate links.
- In addition, I have read a textbook.
You can do some meaningful things and still recover. Of course I also slept a lot because that’s usually the best medicine.
And after a few days, I was fit again and it could continue with the normal work.
How do you deal with an illness?
Of course I would be very interested in how you proceed with a cold or flu?
Do you drag yourself to work, as long as it is somehow possible? Do you recover properly and then start again?