Is Freelancing The Answer ? Part 1
Being self employed is something that many people aspire to be at some stage in the future, from graduates to full time employees. So the really question is why peruse such a dream and what are the overall benefits. Being employed is very different to being self employed, so if your serious about taking that step, consider the pros and cons
Their more obvious risks which will lead to more responsibilities as you will actually become your own boss. To qualify as a freelancer you actually need to be hired by a company for a period of time or by the project. It means that you will be selling your skills and time which will be an assets to the company hiring you.
Freelancers are normally paid by the hour, but you can also negotiate projects rates if it is easier for you. It really depends on your level of experience, expertise and ultimately your confidence. Remember, the rate you charge is entirely up to you, so get sound advice from others before deciding what to charge.
Have you ever wandered why some companies would require the services of a freelancer?. Well, the reality is, freelancers are generally more flexible with there hours, often working well into the night if needed on tight projects. Permanent staff are paid until a set time and often would not be prepared to make that sacrifice.
Freelancers are definitely easier to hire and fire than employees. Companies are not obliged to use you after the project is completed. This depends entirely on your relationship with the client. If you focus on delivering a reliable and quality service, the ‘firing’ should not happen too often.
Quite often the in house team are only capable of producing work of a certain standard, but freelancers are usually specialists, with skills that can be valuable to the company for a particular time or project. If you are intending to become a freelancer, it helps to try and specialise in a particular area as this makes you more valuable to the client in the long run.
In the long run a freelancer can save companies a lot of money, because they do not have to pay you if you are sick, or when you jet off for the summer holidays. They is also no redundancy money to pay out or employer’s national insurance.