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While being your own boss sounds like a wonderful opportunity, not everyone is capable of handling it. Being your own boss requires dedication and organization, and before you decide to quit your full-time job and work for yourself, you have to first determine if you have what it takes to be your own boss.
You need to be extremely organized.
When you are a freelancer, you will have different projects to manage on your own. If you’re not an organized person, you could end up making mistakes that will cost you your clients. If you truly want to be a freelancer, you need to be extremely organized. You need to keep all client files organized so that you can easily obtain the information you need at a moment’s notice, and you need to make sure all communications are organized so that you know what’s expected from you for each project.
You need to have strong time management skills.
If you truly want to succeed as a freelancer, you need to be able to provide your projects within the client’s deadline. If you are constantly pushing back the deadline or turning work in late, it’s going to have a negative effect on your career. You need to make sure you’re not promising the world to every client in an impossible timeline. Make sure that you can dedicate the right amount of time to each project before deciding to be a freelancer.
You need to be able to handle stress.
When you’re a freelancer, there’s nobody to blame but yourself. If something goes wrong, it’s your fault. If you’re in a time crunch, it’s your fault. All of this stress can easily eat away at a person and break them down, which is why freelance work isn’t for everyone. If you can handle stress well and you can work under pressure, then it may be the right time for you to become a freelancer.
You need to be able to multitask.
You can plan out your day however you want, but there will always be changes. It’s very important that you have the ability to multitask. You may be working on one client’s project when another client calls with an emergency. You need to have the ability to switch back and forth between projects at a moment’s notice in order to satisfy all of your clients’ needs. If you have trouble multitasking, then freelancing may not be the career choice for you.
You need to stay focused.
When you work for yourself, you’re going to face plenty of temptations. There will be days that you’d rather lie in bed and watch movies than do any work, and there will be days that you’d rather go hang out with friends or family instead of work. This will be your downfall.
When you are a freelancer, you need to stay focused all the time. Sure, there will be days that you don’t want to work, but that doesn’t mean that just because you don’t have a boss forcing you to work you can slack off when you want. It’s important for your career and reputation to stay focused and get your jobs done in a timely fashion. The harder you work, the more successful you will be.
You can handle the inconsistent pay.
If you’re extremely dependent on receiving a regular paycheck, then you should hold off on being your own boss. Yes, it is possible for you to make more money as a freelancer than you did as a full-time employee, but there’s no guarantee. Plus, you will have to wait for your clients to pay you, which can occur whenever they see fit no matter how many invoices you send. Plus, if you ever find yourself lacking in projects, it means there’s no money coming in.
Before deciding to be your own boss, you need to ensure that you can financially handle the challenges you may face.
You need to know where to start.
It’s always a good idea to have a game plan. In order to be your own boss, you need to know where to start your career. You need to find clients, and you need to find some work to do to help build your portfolio and create a strong reputation. There are plenty of websites with freelancing jobs that you can check out in order to find some work. It’s a good idea to get a few of these under your belt before quitting your full-time job to ensure that you can handle being your own boss.
Ella Lyons is a freelance writer and small business consultant from the Midwest. Ella provides valuable tips and resources to help with home office organization and freelancing success.