Freelancing is a topic which gets discussed in more and more detail these days
Freelancing is a topic which gets discussed in more and more detail these days. And while there are many people who are ready to extol the virtues of this type of work, there is no point pretending that there aren’t going to be downsides as well. So, in this blog post, we are going to dive into more detail about what some of the most obvious pros and cons of freelancing are. This way, you will hopefully be able to make a more informed decision about it.
Pro – Flexibility
The most obvious advantage of working as a freelancer is that you have the flexibility to set your own hours which is unlike full-time work in which you often don’t have a great level of control of this. You can free up more time during your week by working harder on one day so that you can run some errands or simply make some time for yourself to relax.
Con – Loneliness
If you have been used to working in a very social environment, it can feel very strange to go into the world on freelancing in which people often tend to work solo. You can find yourself missing your former colleagues more than you would have expected to. One way of getting around this is by finding a coworking space in which you can collaborate with people in the same situation as yourself.
Pro – Avoiding the Crowds
Many working people are confined to only doing things on the weekend, but when you are a freelancer, your weeks are opened up a lot more and you can find that you can beat the crowds in this way. Not only this, you can save money by doing things like enjoying entertainment and taking transportation at a time when most people are not doing the same thing.
Con – Unstable Financial Situation
When you are used to pulling in a certain amount of money each and every month, it can feel very strange when your finances are plunged into uncertainty. This is something that you need to make allowances for in your monthly budgeting, and you should also check out contractor accounting to help you manage this situation. Ultimately, you have to be organised and disciplined in a way that you may not have been before.
Pro – More Time on Your Hands
A lot of people who freelance tend to find that they have more time on their hands to pursue their own interests. If nothing else, you should be saving hours from not having to commute to work every morning.
Con – Not Being Able to Switch Off
The flip side to the previous point is that freelancing and leave you in a situation in which you find it hard to draw the line between when you are working and when you are supposed to be relaxing. Ultimately, making that division takes time and practice.
Do you feel more ready to make your decision on freelancing having read this?