You can find much satisfaction in stopping the tiring grind of the morning to evening and taking your career and life into your own hands as a freelancer. If you feel creatively subdued and intellectually imprisoned by a dull day job and wish that you could earn a living while doing something you love on your terms, or better still if you are a stay at home mom looking too make extra money in your free time, freelancing can be a helping hand. But keeping a balance can be a nightmare when you have little kids to look after and a whole load parental duties and obligations. 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.
Take Time before Quitting Your Day Job
You must note that as a freelancer, you will depend much on cultivating and expanding a portfolio of different customers who will offer you with jobs, and it may take time to build these relationships. Quitting your day job to take up freelancing is a great idea, but your risks rise exponentially if this is your only income source. 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.
Your Most Essential Skill is Confidence
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. Freelancers that are just coming up may experience some challenge here as they feel that they may be exposed as talentless frauds at any moment. You must believe in your skills, knowledge, and abilities and as you grow in experience you become more and more desirable.
Avoid Taxes Becoming a Nightmare
Hiring a tax lawyer and accountant saves you more money than it costs and can ensure that you are not overspending on tax. Make sure that you have entered your business income and spending on a weekly or monthly basis to avoid tax nightmare come April.
You Must be Disciplined
It can be quite challenging to maintain a balance between managing freelancing commitments and parental responsibilities. You need to work along set hours and either setting up 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
After your work is done and invoices sent, it can take some time before you receive the payments. It is crucial that you learn how to chase after your payments without badgering clients.