Leaving your boring office job where you spent your whole day trying (and failing) to please your boss is an attractive option. Every year, thousands of workers flee the traditional workplace and set up as freelancers. The attractions are obvious. You can work from wherever you want, you are the boss and you choose when to take time off. The downsides are not so often recognised. As a freelancer you will have to juggle all the financial aspects of the business as well as creating the product or delivering the service that your clients demand.
Start your freelance career off the right way by putting together your own manifesto of what you will do over the coming months and years. Here are some ideas to get you started.
Get bills paid on time
Finding funds for your startup is not easy but once you have done all that hard work you need your cash flow to balance the books. Unpaid invoices and late payments are the curse of freelancing. It can seem like you spend as much time chasing up payment as you did on providing the service in the first place. This is not an efficient use of your time.
You can avoid this by asking for upfront payment but many clients will be reluctant to pay up. They are going to be nervous about handing over money if you are working with them for the first time. Using factoringcompany.net is another great option. You will get that outstanding money really quickly and you can invest it straight back in your business or withdraw it as salary to live off!
Keeping ahead of the competition
Whilst it is true that you should focus on your vision, and you should not get too obsessed by what other freelancers are doing, you do need to keep an eye on the competition. It can give you some great ideas on where your business should be heading.
Competition amongst freelancers can be fierce in some sectors so you need a unique selling point to make your service stand out from the crowd. Repeat customers are ideal. You have already built up a working relationship with them and you know how to give them exactly what they want. This saves time on costly revisions and complaints.
Look after yourself – you are a business asset
Bear in mind that you are a business asset and you need to look after yourself. It is easy to overdo it when you are freelancing because time is money! However, if you are exhausted you will not be delivering the best service and this will damage your business in the long run. If you are getting bogged down in small tasks, which are sapping your time and energy, get someone in to do them. The same goes for professional services, such as book keeping. A professional book keeper could get your accounts in order in a fraction of the time that it would take you to struggle through your spreadsheets.