(this is a very comfortable speed to type) your hourly rate would end up being about $26.00. Being self-employed does have some pitfalls. One must consider, as with any home based business, that once you become self-employed you are responsible for securing your own health insurance, and putting away money for retirement. However, there are many positive things about being self-employed, as I'm sure you can imagine. For me, what I love the most, is the flexibility I have with my time. If I want to work late in the day I can, and if I want to work early in the morning, that's up to me. Running a home-based medical transcription business is a lot of fun. Medical transcription is not for everyone, and it is important before venturing in to any business that you weigh up the pros and cons of it all and do what is best for your situation. About the Author Michele Miller is a home-based business owner and author of an Ebook about starting a medical transcription business. www.medical-transcription-at-home.com