Contributed article in our business series. Enjoy! – Kimberly
Whether you work a full-time job, already or are fresh out of school, it’s likely you’ve considered freelancing at one point or another. It’s a great way to gain a little extra income without too much commitment, and pick up new skills in an area of specialization. If you’re curious about freelancing, or are finding that you freelance client list keeps growing, you may wonder if you should simply freelance full-time.
While going freelance means you can work anytime and anywhere you want, it also means that your income is entirely dependent on the work you’re able to do. You gain more freedom, but you also lose some security. It’s entirely possible that you’ll have some months when you’re barely scraping by, and some months when you can’t seem to keep up. The unpredictable nature of freelancing can take a toll on your health and your finances if you aren’t prepared for the ride.
You’ll need a healthy emergency fund, good client communication skills, and a support system in place to make sure you don’t get bogged down by any setbacks. To find out whether or not you’re ready to freelance full-time, check out this visual by Turbo below:Continue reading