More and more people are considering the freelance route these days. It is a great option for people who are launching their startup and looking for ways to still make money while building their empire, for people who are not fit for the 9-5 life, or people who are highly creative and wish to have more freedom to do their work.
However, in the age where everybody wants freedom and easy money, it is important to keep in mind that not everybody is fit for the freelance lifestyle. There are questions you need to ask yourself if you are thinking of making this change in your life.
1. Am I willing to be disciplined?
Discipline is key to success when it comes to working freelance.You might need to start planning your days better, set time aside to focus on the work that needs to be done and set up your own deadlines. You won’t have your supervisor checking up on you to make sure the work is done on time. Before quitting your regular job to work freelance, as yourself if self-discipline is one of your qualities or something you are willing to develop.
2. Can I wait for my money?
The world of freelance can be tricky. You might like the perks of being able to manage your own time, work in your environment of choice and not behind a cubicle or even to assist a meeting without wearing pants, but working freelance also has its challenges. Chances are, a lot of times, you will have to be willing to wait for your money. As a contractor, you will need to wait till the job is done and approved by the client before you receive the payment, and sometimes it might take longer than what you had expected. Of course, there are ways to make sure you can put food on the table as you wait for your check, such as asking for a percentage of the payment before you start working. But overall, working freelance requires a certain willingness to wait and be patient. Ask yourself if this is something you are willing to accept. Do your personal obligations allow you to wait?
3. Am I willing to make sacrifices?
Working freelance will require certain sacrifices. You will need to say no to certain activities such as a night out in order to meet your deadlines and satisfy your clients. Ask yourself if you are willing to make these sacrifices. If you are hesitant, it might be a sign that you are not ready to take this leap.
4. Am I ready to make lots of research?
Working freelance also means that you will need to go after your clients, especially if you are new to this and don’t have a loyal clientele base. You will need to make your research and find out which individual or company is looking for the type of service you are offering. This means: long hours on the internet, networking and reaching out to people to let them know you are now offering XYZ services. You must ask yourself if you are willing to invest time and even a little money in order to build your clientele.
5. Can I make enough money to meet my needs?
Many people step into freelance thinking it will automatically be the way to success and easy money. However, this is far from being the truth. Many times, freelancers will need to work for multiple clients at a time in order to meet their financial goals. This can be both draining and stressful. Also, there will be dry seasons. In these times, you won’t have as many clients as you would like to and your revenues will decrease. Are you sure you will find enough contracts in order to meet your needs?
If you’ve answered all of these questions by the affirmative, congratulations, you are ready to step into the freelance world! Remember that you will need to remain flexible and open. Things might turn out to be harder than you had taught, just like you might turn out to be a master at this freelance business. Don’t hesitate to ask advice and be bold. The world belong to those who take risks.