You may be at that point where you want to quit your full-time job and try your luck at entrepreneurship. This maybe a new area to you completely especially if you are venturing into a freelancing career. This is a life changing decision which may impact you either in a positive or negative way. Let us look at the Pros and Cons of being a freelancer.
You are not under the management of anyone other than yourself and your clients. You are responsible for all the tough decisions. To say the least, you are in control.
You can work whenever you want. You get to choose your own hours-the working hours don’t have to be the regular business hours.
You collect and Keep all the cash from various Jobs – You have no restrictions when it comes to collecting the payments whether the projects are big or small. You can allocate or keep all the profits from your large and small projects and clients. This gives you the freedom to decide how to use the money on either improving yourself or expanding the business.
You are no longer stuck in an office or even in your home. You have the freedom to find a place that you can work best from.
Being a freelancer gives you the freedom of choosing who you would like to work with unlike in fixed job, in some cases you will have to work with unprofessional or rude clients.
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Health benefits are expensive. Depending on your current health, switching to a freelance lifestyle might not be in your best interest. Besides, starting your own freelance business means you no longer have paid sick days or vacation time to use. Each day you don’t work is a day you won’t get paid.
Freelancing may mean unstable income and workload that is inconsistent. In most cases you won’t be able to depend on any regular project, client or profit whereas in normal full-time job, you are sure of a salary.
You are in charge of finding all your own clients and projects. In a traditional job, you might get projects or clients being handed to you. This means that, you do everything by yourself.
Being a freelancer also means that you run the risk of not getting paid or pushing people to pay you. Their maybe ways to protect yourself from non-paying clients, but sometimes you may not realize the risk until it is too late.
Being a freelancer, gives you the freedom to be your own boss and even work from home, this may make it difficult for you to distinguish between your work time and your personal life.
Related: Over 20 sites that offers opportunities to make money online
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Yup, I freelance, and I so agree with this. I love being at home and setting my own hours, but it's tough having no benefits. Luckily I haven't had to push many people to pay me--I deal with mostly professional companies.
Am glad that you found these tips useful to your work. Most welcomed.
I would definitely end up being an over-worker - I find it hard to switch off as it is!
Hi Megan, thanks for visiting.
I am Also Freelancer. Thanks For Sharing This Beautiful Informational Article. It Will Help Freelancer Like Me A lot.
Hi Moni, thanks for your feedback.
Thanks for this post! It definitely brought some things into perspective for me!
Welcome.
I was a teacher, but after becoming a mom, i could not continue. Now Kids are grown up and i could get some time but going out side is still hard for me. I planned to become a freelancer, but was still worried about my decision . Reading this now i'm 100%confident
Hi Adiba, thanks for your comments.
Thank you for writing this. People don't often talk about the cons of freelancing as well as you do! Lots to keep in mind!
Hi April, thanks for your comments. It is good to know the cons too, so that if you are aspiring to be a freelancer you can make a wise decision.
It's good to know the pros and cons but I still think I want to be a freelancer
Hi Erika, this is just to enlighten you and make you empowered when it comes to doing freelancing work.
Client acquisition is probably the hardest part of having a freelance business. However, with the right spirit and perisistence, having the freedom to work for yourself or other freelancers is worth it.
Yes, getting a reliable client is the challenging task but you have to keep trying until you get it right. Welcome.
Loved your blog: check out mine
https://therecoveryrepublic.wordpress.com
I am willing to have all the cons, just to have my own business. http://elevenoneoneblog.wordpress.com How well do those adsense alternatives work?
Yeah, provided you find what works for you, there isn't any worry. All the best.
Welcome.
This is a great post for anyone considering freelancing. As a blogger, I consider myself a freelancer. I blog about blogging tips and monetization strategies on It's All BlogSense (www.itsallblogsense.com) and recently posted about why bloggers make great VA's.
Hi, thanks for your comments. I Will check out your blog.