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Personalities of successful contractors revealed

Tuesday 16th May, 2017
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Limited Company
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What are the personality traits and values that successful limited company contractors possess?

This is a question that many will have pondered before making the move to becoming a contractor, and new research carried out by Vistaprint helps to shed some light.

The company surveyed 1,600 workers in the UK, half of whom worked for themselves managing their own business venture and half who were full-time employees. Participants were asked to rate how strongly they felt they possessed certain personality traits and prioritised particular values.

It was found that people who worked for themselves were typically more independent, with 45.8 per cent of business owners stating this in comparison to just 31.8 per cent of regular employees.

The research also led to the discovery that self-employed individuals are more likely to feel passionate about their job, believe they have something unique to offer the business climate, want to help people and feel that they are a strong character.


One of the few traits that was found to be more prevalent among full-time employees was wanting to be liked, with 20.4 per cent admitting to this compared to just 12.8 per cent of those working for themselves.

This therefore suggests that the greater control over workload and working hours that comes with contracting and freelancing helps to make people working in this way feel more confident, and as they often work independently, they no longer have to worry about what colleagues might think of them.

Regular employees were also more likely to be stubborn (17.1 per cent vs 14.9 per cent), emotional (17.3 per cent vs 15.4 per cent) and embrace conflict (7.1 per cent vs 5.3 per cent), all of which suggests that the most successful limited company contractors will be flexible, rational and calm when it comes to dealing with problems.

In addition, Vistaprint's research showed that people who worked for themselves tended to believe they had a better work-life balance than their full-time employee counterparts (23.9 per cent vs 18.6 per cent). This is likely to be due to the fact that contractors and freelancers have the option to be more flexible with regard to their working hours.

Indeed, 39.4 per cent of those working for themselves said their job was flexible in comparison to just 12.9 per cent of nine-to-five office-based workers.

As a result, 21.6 per cent of limited company contractors said they arranged their work around their life compared to only 10.1 per cent of full-time employees, with 24.5 per cent of self-employed individuals feeling that they subsequently have enough time to spend with their friends and family. However, just 17 per cent of regular workers felt the same.

Those working independently typically spent more time thinking about work outside of their working hours than their counterparts working the nine-to-five, but again this could be said to demonstrate a greater pride and passion for their work.

 

Image: Antonio_Diaz via iStock



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