More and more individuals and choosing to work as a freelancer in lieu of a permanent position at a company. There are certainly pros and cons to working in the freelance industry, one of the biggest selling points is the flexible hours, the freedom to work in different industries and being able to plan your own schedules.
On the other hand, freelancing means that there will not always be steady work, depending on how the market you specialise in is performing. It’s important to educate yourself on your working rights as a freelancer and how you can overcome the common misunderstandings and misconceptions. There are many different scenarios that can arise from workplace disputes, financial problems or problems with clients, so it’s important to prepare yourself.
Having a structured business plan can help to bring the necessary organisation to your life. This will ensure that there are no overlaps between your clients and will help you to plan for your next business venture. This business plan can be used like a diary and doesn’t have to be shared with anybody.
For those who are new to the freelance industry, creating easy to follow business plan can help you to assimilate to the freelance industry. As well as setting up a timescale, it’s also important to make sure that you establish how much you are going to charge, the services you are going to offer and so on.
Now that you have set up the business side of things, it’s important to have a platform where you can showcase your work. There are things that you can do that will put you in a higher light for your employees and that will make the recruitment process much simpler.
If you are a freelance writer, for example, you can begin a blog, website or portfolio to showcase your work to potential employers. Building up a following on your blog will indicate that you are a well respected writer, which will only work in your favour.
As a writer, finances might be at the very bottom on your list of priorities. So any accounts or the financial side of freelancing will be lost on you, but it’s important to either learn about what is happening, or to make sure that you get an accountant.
As well as documenting your finances, it’s important to keep in mind that freelancing is not always a steady career. Try and keep a rainy day fund for a time when nobody is hiring.
As well as protecting yourself financially, it’s also essential that you should take out insurance. Being inexperienced at the beginning means that there is more room for error and unfortunately, clients aren’t always understanding about it. Taking out professional indemnity insurance can really help you out should you do any work that the clients are not happy with. This will help you with the legal fees if you are taken to court.
If you follow the steps, then freelancing is one of the most liberating careers to embark upon. If you are going to begin a career as a freelancer, you will find that you learn a lot of things about different industries, which will help you to refine your technique quickly.