Whether you are a full-time freelancer or simply take on freelance work as a supplement to your employment, the concept of working independently has gained popularity in recent years. In fact, according to HiscoxUK, freelancers contribute over PS72bn to the UK economy with their second jobs. However, those looking to take the plunge into independent work should carefully weigh up the pros and cons of a new way of life.
Lone working can offer many advantages for individuals who want to control their own destiny and build a fulfilling career that complements their individual interests. Rather than being subject to the demands of managers or a company’s structure, freelancers can choose their own clients, projects and rates of pay. This freedom allows them to select opportunities that are aligned with their skills and expertise.
The ability to control your workload and set appropriate boundaries is also beneficial for individuals who are more introverted and prefer to regulate the amount of social interaction.
As a freelancer, you may meet with clients in one-on-one meetings, which can help you limit the amount of conversation and socialising. Moreover, you can avoid distractions that are often present in the workplace, such as bickering or backbiting from coworkers.
Being self-employed also offers the advantage of having greater autonomy in terms of achieving career milestones. For example, freelancers can take time off to attend family events and holidays without being constrained by an employer’s holiday policy. You can also develop a strong network and gain valuable insights into the industry by networking with fellow professionals, attending conferences and engaging in online communities and forums.
It’s important to note that working alone can be challenging and requires a good level of self-management, as it is the freelancer’s responsibility to find clients and maintain a steady income stream. This can also be stressful for some, as it can be difficult to balance a busy schedule of projects and set realistic goals.
However, it’s essential for those looking to become freelancers to understand that they will need to seek financial advice, establish legal entities and form a solid business plan.
Additionally, it’s essential to stay updated on the latest industry trends and continually invest in professional development. Ultimately, with determination and a proactive approach, anyone can thrive as an independent worker.
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