5 myths to get rid of before going freelance

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

If you are hoping to work on the beach while sipping a cocktail, you will surely be disappointed.

For those who have never done freelancing, it is difficult to explain what it is. And aspiring freelancers have many misconceptions about this business. If you are considering switching to this type of work, first get rid of the popular misconceptions that surround it.

1. Freelancers have a lot of free time

It is not that simple. Yes, you are in control of your schedule by choosing tasks. But if you give up on the project, you will have less money. Freelancers do not have paid vacation and sick leave either, therefore, in order to rest or receive medical treatment, you first need to somehow earn money for it. Therefore, there is often no time for rest.

2. Freelancers do not obey anyone

Of course, you yourself choose which project to take on and which not. And if you meet the deadline, you most likely will not be yanked. But you still need to adapt to the needs of customers, their timing and their preferences. Therefore, we can say that a freelancer has more than one boss, but several.

3. Freelancers are far from business

Quite the opposite, freelancing is a real business. And in order to succeed in it, you need to treat it accordingly.

• Before you go freelancing, think about how you will pay for medical services and save for retirement.
• Look for an accountant to help with tax deductions. Especially if you yourself are poorly versed in finance.
• Create a system to track projects. Reflect in it deadlines and payments, all information about customers and the status of tasks.

4. Freelancers have volatile incomes

Freelancing, on the other hand, can become an island of stability in a sea of chaos. Most freelancers take on multiple projects per month. Even if one of the clients later refuses your services, you will still not be left idle. Just remember that there are more or less fortunate months, and plan accordingly.

5. Freelancers lead a lonely life

It all depends on your profession. For example, if you are a photographer, you constantly need to travel to the set. But even if your job doesn’t require direct customer interactions, you don’t have to become a recluse. Keep in touch with colleagues and friends from your past work. Meeting for a cup of coffee is a good way to go networking. If you remind of yourself, you may be invited to participate in the next major project.