Should I Freelance?

December 15th, 2015

Many people prefer freelancing to having a traditional 9-to-5 job as it offers increased flexibility and the ability to diversify work tasks. However, freelancing does have quite a few negative implications as it also represents a lack of stability and the potential for a reduced income. There’s a lot to take into account when you’re deciding whether or not to freelance.

Assess Your Finances.

If you have a high monthly financial commitment such as a mortgage, student loans, or car payments, you might want to rethink freelancing. While freelancing can be great for people who are starting out their careers without a lot of financial responsibilities, because of the unpredictability of freelance income, you may or may not be able to justify it based on your unique needs.

Consider the Lifestyle Changes.

On the other hand, as a freelancer, you will enjoy an incredible amount of freedom. Not only will you be able to choose where and when you complete your work; you will also be able to choose the types of projects on which you work. For people who are used to having a boss hover over them and point them in the right direction, freelancing will represent a significant change. You are in charge of your own output as a freelancer, which can be both empowering and incredibly overwhelming.

Do a Cost-Benefit Analysis.

You will need to take all of the costs and benefits associated with being a freelancer into account. In general, the costs associated with being a freelancer are going to boil down to having unpredictable income; the benefits associated with being a freelancer are going to boil down to having increased freedom and flexibility within the scope of work.

See the Demand.

Even if you’ve decided that freelancing is for you, you will still need to see the demand before you commit to it full-time. This could be as simple as asking your current employer whether or not there are any freelance opportunities available or doing a quick scour of a freelancing job portal.

If you have decided that you would like to freelance but don’t know where to start, contact Olympic Staffing. We can help you find short-term or long-range freelance assignments that are perfectly suited for your life depending on your needs. We will also be able to make recommendations on how to balance several freelance assignments at once.

Leave a Reply