Couple of questions bring this to a simple answer of yes or no.
1. Do I like looking at statistics, reaching out, making playlists and a bit of admin? (If yes go for your own label)
2. Does my significant other or group of friends listen to my music on repeat? If yes and you said no to the question above try focussing on a label with lots of distribution channels. If no, it's ok to go to a smaller label or do a self release.
Most importantly though, release more and produce more.
Last tip. Do not pay them for mastering.