You will agree that it is gratifying to quit the nine-to-five grind and take up your job in your 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. However, it can become hard to strike a balance when you have small mouths to feed and a whole host of parental duties and responsibilities. You most likely know people who freelance and they encourage you to pursue your freelance dream, but there is perhaps something that they will not tell you.
Don’t Rush to Quit 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. Quitting your job to start freelancing is a great idea, but you risk your risks if this is the 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
You must believe in your abilities as this will be your single most marketable quality. It is through this that your clients will feel safe entrusting you with their resources and money and feel that they are investing in the best deal. It can be quite difficult for nascent freelancers for they fear being exposed as talentless frauds at any time. Belief in your skills and abilities and with your continued growth you become more desirable.
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.
It can be quite challenging to maintain a balance between managing freelancing commitments and parental responsibilities. The key to success lies in establishing and sticking to set working hours and setting a home office or working 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
It can take time before you get paid after you have completed your tasks and sent the invoices. You need to possess the skill of asking for your payments without bothering the clients.