Is Freelancing the Life for You
Freelancing, what is it really all about? Why is it that so many people push towards freelancing than the normal stationed employed job. Is their something remarkable about freelancing or something that we have missed? Being a freelancer myself I know about all the ups and downs of freelancing full time, sometimes you want to jump off a bridge other times you are happier than happy. Why is it that so many people still struggle to undermine which path they have to follow to gain success. I think their is a simple question that we could relate to, to narrate all of the misconception and misunderstanding that a lot of people bear with everyday.
IS FREELANCING THE LIFE FOR YOU?
Let’s start off by looking what clients gain from freelancers.
There are several reasons why companies like to use freelancers instead of full time/permanent staff, basically because they have a variety of different skill sets to choose from and they can be interchanged.
- They are usually more flexible working over time than permanent staff.
- They are easier to hire and fire – so they won’t have to put up with a staff member that signed a contract or agreement.
- They provide skills the in-house team may not be able to supply.
- They complete once off jobs or regular tasks that do not require a full time employee.
- They will cost the client much less at the end of the day even though the job price sometimes seem steep at the time.
With those points made, I would say that businesses hiring freelancers will save much more money in the end than a business having a permanent employee. Why? If the business has to fund sick pay, holiday pay, redundancy, support, medical aid, pension funds and more they will definitely be spending much more money on a permanent employee than a once off freelancer or contracted freelancer.
What will you be getting out of Freelancing?
Every freelancer has his or her own reasons for liking it. Some of the most common reason are:
- Being you own boss – no one to tell you what to do or when to do it.
- More Money – Freelancers are usually paid more than employees working alongside them on a project
- Freedom – to a certain degree you can choose when to work and where to work from, when to take holidays etc.
- Variety of work – Moving from company to company, you can develop a impressive CV and ethical work experience.
- Freelancers generally have more time to themselves than a full time employee.
- Freelancers, if following professional advice will reduce their taxes that they pay greatly.
Those are just a couple of reason why a lot of people are attracted to freelancing but, the real topic we are discussing today is if the freelancing lifestyle is suited for you. Let’s get to the other side of things, the actual content that we are here for.
The pitfalls of Freelancing.
Of course, if freelancing was an easy and completely safe way to earn a living most people would be freelancers. Some skills are not suitable for freelancing(e.g. where the employer needs a stable workforce and the customer expects to deal with the same member of staff each time). But even if your skills and experience are suitable for freelancing, it may not be right for you. Only you can weigh up the pros and the cons.
Some of the disadvantages you will need to consider include:
- Less security – freelancers are not protected in the same way as employees are.
- Uncertainty – there aren’t guarantees of another contract when your current contract ends.
- Admin – because you will be running your own business, there will be forms to fill in, rules to obey and accounts to keep.
- You will be on your own – there won’t be employers paying holiday fees or sicknesses, you will have to look after your self and despite sometimes feeling lonely, being your own boss takes hard work.
- Clients in Different Timezones can become a nightmare – unless you have a perfect schedule worked out on how you are going to be working with the current client it could become a hefty job at hand.
- Picky Clients can waste your time and money – One thing that a lot of freelancers do struggle with is over eager clients, they say one thing and do another. These clients can cost you time and money, make wise choices. Say NO.
- No work, No Pay, No Play – Three key steps you are going to have to remember.
- Business Appearance – unless you have done a outstanding job in branding yourself you are going to struggle going up against bigger firms and businesses to obtain the job you are pitching for.
There are literally hundreds of different disadvantages of freelancing but, it all depends on you. The weight is on no one Else’s shoulders but, your own. Now you might be wondering what next?
If freelancing is still attractive to you, and you believe you can cope with the disadvantages and advantages of becoming a freelancer, don’t give up your day job just yet. First go around and do some research until you are sure that there is a market for your skills as a freelancer.At the very least you are going to have to go around to some freelance agencies in your area and ask about the markets that they are working in. You are going to have to find out if there are a spectrum of clients for you to benefit from and to keep you alive. If you are wanting to be successful as a freelancer you are going to have to work very hard and keep doing research to make sure you are doing everything right.Thats all I can really give to you in advice, there is now one question that you need to ask yourself.
IS FREELANCING THE LIFE FOR ME?
I am patiently awaiting your comments and waiting for you to let me know if you are the right one for the job.
Keep well everyone.