There is nothing that can be quite gratifying as quitting the tedious grind of the nine-to-five and taking your career and life into your own hands as a freelancer. If you feel that you have been creatively muted and imprisoned intellectually and wish that you could make a living out of something that you love doing and on your own terms, or if you are a stay at home mom seeking to make a little extra cash in your free time, freelancing could be the solution. But the balance can be hard to achieve when you have children and a load of parental duties and responsibilities. Here are some things that your friends who are into freelancing won’t tell you.
Take Time before Quitting Your Day Job
Freelancers entirely depend on developing and expanding their portfolio with various clients who will keep them afloat with work and build these relationships may take much time. It is a great idea to quit your job to start freelancing, but this could potentially increase your risks if it is your only source of income. The safer option is to establish your online presence, do the job you can when you have free time whenever you are at your most creatively prolific and eventually build your work portfolio along with your client base.
Confidence is the Most Important Skill
Belief in what you capable of doing is the most marketable quality. Confidence is what will make clients entrust their money and resources to you, and ensure that they feel that they are getting a good deal. Freelancers that are just coming up may experience some challenge here as they feel that they may be exposed as talentless frauds at any moment. Belief in your skills and abilities and with your continued growth you become more desirable.
Keep in Mind the Taxes
Hiring a tax lawyer and accountant saves you more money than it costs and can ensure that you are not overspending on tax. It is also essential to ensure that you keep updating your income and business expenditure on a weekly or monthly basis to avoid getting caught up in a tax nightmare come April.
Ensure that you Maintain Discipline
It can be quite challenging to maintain a balance between managing freelancing commitments and parental responsibilities. To succeed, you must come up and stick to the set working hours and either set up a home office or work away from home. You must discipline yourself and not get attached to other commitments when you have a deadline that is coming up really soon.
Getting Paid can be a Task
After your work is done and invoices sent, it can take some time before you receive the payments. It is crucial that you learn how to chase after your payments without badgering clients.