Have you thought about going off on your own to become a freelancer? With the ability to set your own schedule and more freedom, it can be a good set-up for some people. However, being a freelancer isn’t for everyone. Read on for 5 things you should consider before deciding to start a freelance business.
How to Get Clients
The first thing you should consider before becoming a freelancer is how you are going to be able to get clients. Luckily, there are many different websites these days that you can use to find businesses looking to hire freelancers. Businesses will list both short and long term jobs they are needing freelancers to work on. It is likely that when you first start freelancing it will be hard to find a long term position right away. Taking on short term roles with clients helps to build relationships with them and could lead to them offering you a long term position. These short term jobs will also help to build your resume and credibility on these freelance websites. You may also have to take on jobs you normally wouldn’t so companies on these sites believe that you are a legitimate freelancer. Don’t get discouraged if it takes longer than expected to find the type of freelance work that you are looking for.
You will want to consider all aspects of your financial situation when deciding whether you are able to quit your job to become a freelancer. You should have enough saved up, so you will be financially stable during your initial time building up your client base. Being that this is likely to be your first time dealing with a business’s finances, you may want to consider hiring a quickbooks bookkeeper. To find a bookkeeper who’s a good fit for your business, search ‘quickbooks bookkeeping service’ along with the type of freelance work you will be doing. This way you can find a bookkeeper who has experience working in your industry. A bookkeeper who has expertise working in your field will be a great help to you when navigating through this transition period.
Before you go off to start your own business, you should reflect on your own time management skills. When you leave a company, you will no longer have bosses to check in on you to get your work done. When you are a freelancer, how productive you can be will equal how many clients you have and what your paycheck looks like. Unlike a steady paycheck before, your income will solely depend on how successful your freelancing business has been recently. Losing a client will have a direct impact on your salary, unlike when you were working for a company.
Along with no longer having the push and support of a company once you are a freelancer, you will also no longer have the benefits you previously had. Before leaving a company, make sure you will be set with health insurance without their benefits. It is also important to note that although you will have more flexibility working for yourself, you will no longer have access to paid time off. If a client of yours has a question about something you are working on, they will expect you to be available to answer it, since you are the only one on your team.
If you have considered all of these things and still want to become a freelancer, there is a good chance it will be a good career move for you. Although freelancing is not for everyone, it can be a great fit for those that are willing to put in the work and are ready to have more flexibility in their schedule.