Freelancing is a great way to do what you love while keeping a flexible work schedule. Say the word “freelancing” and what comes to mind? If you're in a field that offer freelancing opportunities, and you've been considering quitting your job and becoming a freelancer, it's important to sit down and take a good, hard look at the pros and cons of being a freelancer.
As with most things in life, there are risks and there are reward to freelancing, and the only way you can decide if the freelancing life is the right life for you is to carefully examine the various advantages and disadvantages of being a freelancer. But here, we only consider the advantages of being a freelancer.
These are the following five top reasons that people decide to become full-time freelancers:
1. You work when you want
2. You can work wherever you want
3. You are your own boss
4. You have more income potential
5. You can take advantages of more tax deductions
1. As a freelancer, if you work better in the early hours of the morning, or late into the night, you have the freedom of adjusting your work schedule to accommodate your best, most productive working times. Through this you can also adjust your work so that you can live your life more fully.
2. Because of the increasing connectivity of our everyday world, freelancers these days have the option not only of working from home, but also out and about in their home cities. If you're more adventurous and don't require a consistency in your work places, you might find yourself joining the small but growing number of freelancers who choose to work from all around the globe, traveling wherever they want while still meeting their deadlines.
3. When you are a freelancer, you're the one in charge of the assignments you accept- you can easily build the career that you want. In order to have work during the downtime, but that's a choice that you get to make as a freelancer.
4. You'll be able to charge what your work is worth, and you get to pocket all the profit after your expenses are paid. The more efforts you put into finding clients and landing new jobs, the more income you have the potential of making.
5. Deduction you can make may include things like the cost associated with your home office, travel expenses, costs related to entertainment and meals, your internet access, your cellphone package and any other reasonable cost which you insure as a result of running your own business. There may also be a number of tax sheltering investments from that you can take advantages of as a freelancer.
In a nutshell, making the decision to become a freelancer can be a life-changing one, and as such, its not a decision to be taken lightly. But if the risks seem too big to you, perhaps the time isn't quite ripe yet to take on the world of the full- time freelancer.