If you work as a freelancer (or want to be working as a freelancer), then it is a good idea to know the ups and downs of freelance life. I mean, who doesn’t want to set their own working hours and be their own boss? But as good as that side of things can be, there are some downsides, as there are with everything. So here are some of the things to consider before taking the leap to work as a freelancer. Is there anything else that you would add to the list?
Cash flow can be a real problem when working freelance. Not only will your income vary from month to month, but your invoices aren’t always going to be paid on time. So being able to commit to make certain payments like a mortgage or rent can be tricky. So it could be worth looking at invoice financing companies if you want to work as a freelancer but have some commitments that you need to pay. When you know you will have the money coming in eventually, and you can budget accordingly, then it makes it so much easier to plan for. It can take some stress away too. So just think if that will work for you as you navigate the joy that is being self-employed?
You need to manage your time really well when you work as a freelancer. If you don’t do the work then you don’t get paid at the end of the day. So you need to put tools in place to make sure that you are working productively and efficiently. It could be to work in small bursts and then take a quick break, or know that you have only got one hour so you have to complete a certain task in that time. It might take some time, but find out what works for you and remove the distractions that stop you from working as productively as you might.
Some people can really thrive on working for themselves and being the only person that they have to be accountable to. However, for many people, it can feel a little lonely going from a busy office environment to then working by yourself at home. So that it something that you should think about. It doesn’t need to put you off, though. You can just work a little differently. Work out of coffee shops or hire a desk in an office. You could also arrange face-to-face client meetings rather than just via email or Skype, if that is the kind of business that you have.
Learning To Switch Off
Overall, this can be one of the biggest challenges when it comes to working for yourself. You can always check your emails, even late at night. Which could lead to one thing and then you’re not in bed until late. But in order to look after your health, both mental and physical, then you need to learn how to switch off. Set times for your working hours and don't deviate unless you really need to.
Shutterstock Licensed Photo - By Aleksandar Karanov