Lots of people dream about being self-employed and being their own boss, but it is not always as straight forward and easy as you think. There is a lot to consider before setting up your own business and even more so if you are going to have to leave a full time employed job to do it.
With employment, although your job is not guaranteed you have a certain amount of rights which means that you usually will not be laid off without adequate notice or adequate pay unless in the case of gross misconduct. With self-employment you do lose a certain amount of rights, or it is harder to get them. You will not get sick pay as you would from an employer, you would have to apply for this and can only usually get it if you are off sick for a good number of days. If you are planning on taking a holiday then you may lose out on money for the time you are off unless you can still fit all your work in that you usually would. There are pros and cons for being an employee and self-employed but you need to weigh up what is right for you in your current situation. If you need the stability of a guaranteed wage then employment may be the best option.
You also need to have a high level of discipline to be self-employed, especially if working from home as it can be very easy to become distracted and not get the work done that you need to.