Being your own boss can be very rewarding but it is not for everyone.
Working for yourself can give you flexibility and the chance to earn more income compared to working for someone else. This also comes with a bit of self respect in conquering your fears and knowing that you have achieved something where most don't dare to tread.
But this might appear easier than it looks. Being your own boss means you need to discipline yourself and this is where most people fail. On top of this people expect instant results but you never get instant results just by starting a company. You have to put your sweat and tears into the project to get it off the ground. You don't get fit in 1 day of the gym so that is why you need to be consistent and persistent.