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Signs You Are Ready to Become a Freelancer

Dec 16th 2013 at 3:23 PM

Working as a freelancer has many benefits. You can set your own schedule, be your own boss and control your own rates. However, it takes discipline and hard work to build a successful career as a freelancer. You will have to network permanently, negotiate with clients and learn how to promote yourself.

Before you decide if a freelancing career is right for you, think about both the pros and cons of working on your own. We’ve gathered some signs you are ready to make the switch from a full-time job to freelancing. Take a look, below.

You have savings

Don’t expect to have money coming in from day one. In order to make it as a freelancer, you need to have a strong financial plan. Make sure you have some savings that cover your living costs for at least three months. You may also need to purchase new software or equipment, so don’t forget to budget these expenses as well.

You are ready for new challenges

If you find yourself bored at you job and wanting more responsibility, you may be ready to be your own boss. You will have to learn new skills, mostly about managing your business. You will also have to manage clients, which can be quite challenging at times.

You have the discipline to work for yourself

You will have to respect deadlines and plan your schedule accordingly. Sleeping in won’t be possible every day. You will have to learn how to avoid distractions and motivate yourself. Long nights and working weekends are also quite common in the freelancing world. You need good time management and organizational skills.

You have a strong network

If you are already known and respected in your field, it will be easier to make the switch to freelancing. Contact your business connections and let them know you are starting to work for yourself – they can recommend your services and help you get some work in the beginning.

You understand it’s not going to be easy

You will likely have to work long hours for low paid projects until you make a name for yourself. You have to convince potential clients that you are worthy before charging higher rates.

You understand the risks

Freelancers don’t have fixed incomes. There might be times when you won’t be able to find any work available. Also, freelancing can get pretty lonely. If you enjoy an office atmosphere, freelancing may not be for you after all.

Still not sure you’ve got what it takes? Take some career aptitude tests to see if a career as a freelancer suits you. Another good idea would be to find a mentor to guide you through the process. Good luck!

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