Working For Yourself And How You Can Make It Happen
Many people want that ideal work and life balance. But yet sometimes the work life can take over dramatically and leave you feeling pretty deflated. After all, a lot of people don’t enjoy the jobs they have, are fixed to a monthly salary each month and still don’t get much time in their evenings or weekends to actually enjoy life. It is a struggle that a lot of people have to deal with on a daily basis. However, there are options and becoming a freelancer or working for yourself is a possibility anyone can explore.
Working for yourself can stabilise that work and life balance, enabling you to pick when you work and who you work with. It can often be an ideal solution to your career woes. But, it shouldn't be a decision you take lightly. At the beginning of your journey there is an element of uncertainty. You wonder where you next contract for work will come from, when the next sale will be made, and how you are going to cope. It will promise all of the benefits of more time, but in order to make a success you need to be able to put the time in. If you are considering taking this plunge then there are things that you can consider and steps that you can take to help it become your reality. Here are some of them to help you get started on this new working chapter.
Is there a market for what you offer?
One of the first things to consider will be if there is a market for what you want to do or the business that you want to set up. Many people consider going freelance, and so it would be highly recommended to be very aware of the skills that you already have that can be utilised in this way. Can you write and create good content? Are you a real whizz at social media? Do you have excellent administration skills that could be put to good use remotely? Can you create websites or design logos and branding? Some of these areas are highly sought after.
Of course, on the other side of things you have the thought of whether or not your business idea could be a success. Maybe you have an idea for a product or service you want to offer, or perhaps you have spotted a gap in the market. Often conducting a little market research yourself will help you to determine whether or not this is an idea to pursue and whether you can be confident in your idea and business venture.
How can you obtain work or make the sale?
It can be very daunting setting foot into the freelance world, so understanding some of the methods you can utilise to get your business off on the right track would be essential. Get in touch with old contacts and work colleagues, create social media accounts based on your expertise, and check out freelance websites like people per hour or freelancer. This can often be a great grounding to get you started.
You also need to have a little something about you in terms of seeking out the opportunities. There is no harm in approaching brands or companies offering up your expertise? There is no issue with using social media influence to help get your products and services seen by a wider audience. There are things that you can work on that will help you to move the business along at a faster pace. Being proactive will always be a key ingredient to any success when it comes to working for yourself.
What about all the paperwork and tax payments?
There will be, understandably, a lot of paperwork to process as it is solely your responsibility to make sure invoices are being paid and you keep your tax records up to date. However, you can enlist the help of accountants to ensure your paperwork is up to date and you pay the right amount in tax. They will scrutinise your receipt and records to ensure that you are paying out the right amount, as well as keeping good records for yourself. There are other things that you can try as well, that can be really useful for you to keep an eye on things. Investing in small business accounting software could be the ideal ticket. As a business owner who will eventually hire staff, or a freelancer that is solely responsible for their own income and living, this type of help and investment could be invaluable when it comes to making sure all bills are paid, knowing where you stand in profits and paying out the right level of tax when needed.
Can you afford it if things aren’t going well?
Finally, one of the biggest questions to ask yourself is whether you can afford to take the plunge. It is risky going freelance or starting your own business as there is no guaranteed income coming into your bank every month. The best piece of advice is to look at your statement of bills and work out if you can afford to pay them if you don’t secure any work for a month. This is when having a secondary income could become helpful and takes some of the pressure away.
However, nobody ever gained anything by worrying about the future. Instead, sometimes you do need to be able to take risks and have faith in your ability and the business that you are creating. There is a bigger purpose. It is supposed to be giving you the lifestyle you dreamt of. The chance to do something you feel passionate about. Having security in your life is one thing, but you also need to ensure that you can go for the goals that you have set yourself.
Let’s hope these tips help you take that plunge into freelance work or to start your own business. Helping you to create a better work/life balance.