Everyone wants to be their own boss!
We want to stay in the comfort of our home, decide the hours we want to work and only take the projects or work we like; this truly is the ideal scenario. Thanks to the internet and the vast digital world, it is now quite possible!
So yes, you can easily become a freelancer and work from home and earn well; this, however, is the short version. The real story is a bit different; there are many things you need to consider before you decide to leave your 9 to 5 job and start your own home-based business or setup.
Here is what you should know before you take the leap;
You will need to work hard
Yes, working from home is great but it definitely does not mean that you will not have to work hard. Remember, you are the only one who has to find work, do a good job at it and retain your client; there is no team that will share the responsibility. This means you have to work even harder to make sure that you earn and earn well. If you will take it too easily and for granted then there is every chance you may not last long being your own boss.
You will have to develop a working strategy or plan
Working from home requires a proper strategy. From creating your working space and deciding working hours to finding work and delivering results, everything needs planning. You will have to carefully think and plan how much work you can take each week, how many hours you can dedicate to finish that work and how you will meet your deadlines when you get multiple projects. Without a proper plan, you will find it extremely difficult to deliver quality work and retain clients.
You will have to find work
One of the biggest challenges faced by any freelancer or home-based worker is to find clients; remember, without a client, you will have no work. It is highly recommended that you find more than one clients before you decide to quit your day job. Once you find a client and build a proper working relationship you can then decide if the client would be enough for you to earn solely from home. Finding a client is not easy; you will have to do proper research and find authentic websites that allow you to find different jobs and clients.
The money may not be steady
Once you find a client it does not mean you have a long-term earning source. Clients found through online resources are usually not contract-bound; therefore, they may disappear without paying or end the project (before the agreed date) without any notice. This means you cannot be sure if you will get the same amount of money each week. The best way to deal with this problem is to find registered and authentic companies that offer freelance work and guarantee payment. Do a thorough research before you start working.
There are no additional perks
Freelance or home-based work usually doesn’t offer any additional perks, which means the agreed project amount is all you will get. Since you are working for yourself, therefore, you are in charge of your own financial situation as you are working without any benefits such as company health insurance, bonuses, leave encashment and other similar perks.
These are all the risks you will have to take when you decide to try your luck and be your own boss. Remember, it is difficult but with proper planning and management, you can find steady income sources and reliable growth opportunities.