We all think about it. We all dream about it. We all want to be self employed and call our own shots, right? Being self-employed is an amazing thing. But the thing to know is that a lot of self-employed people make less than minimum wage when it’s all said and done. And if you own a business, there will definitely be times where your employees make more than you do! So here are some tips so that you will help you leave corporate America, head out onto your own, start a freelance career AND still be able to pay your bills:
1. Don’t Quit Your Day Job: It’s so critical that you hang onto that corporate job for as long as you absolutely can. If you have bills to pay, don’t walk away from that pay check just yet. It’s going to come in handy for things like rent, car payments, credit cards, utilities and food! Start up your side hustle at night and on the weekends.
2. Get Your Finances in Order: If it’s at all possible, get your bills paid down and be ready to step off that day job and live on less while you start up your freelance career.
3. Have Six Months in Reserve: I know it sounds ridiculous and almost impossible to do but you have to have money set aside to support yourself when you step off your real job. OR be married or live with your parents. All those options will work!
4. Don’t Burn the Candle 24/7: We all get excited about taking on new clients and building up our database and income. But it’s critical that you don’t work 24/7. Be careful with your health and manage your time so that you have at least one day for yourself to rest and spend time on yourself and/or with your family.
5. It’s OK to Say NO: We all want to say yes to everyone and everything. I think we were raised that way, to be polite, don’t be rude, don’t let people down, etc. But when it comes to new clients, you have to understand that some people are just not worth the hassle and drama that they bring, no matter the price. It’s hard to turn down income but some people are energy suckers. Be careful who you give your time to, even when you are being paid to spend the time there.
6. Be Organized: If you are just starting off on your own and your life, your desk, your car and your freelance bag is in complete chaos, you won’t be able to handle self-employment. It requires a level of discipline that most people don’t have. There is a reason that only 10% of Americans are self-employed. It’s hard and organization of your finances and your business is one critical piece of the puzzle that will determine success vs. failure.
7. Ask for Help: Sometimes you can’t take on every project. It’s OK to ask for help or hire an assistant. It’s better to bring in a second set of hands than to fail the client and have them upset.
There you have it, my tips on how to start your freelance career. I hope you enjoyed this blog. As always I write from the heart and from my own personal life experiences. If you liked it, please click the heart and share it with your friends! Be sure to subscribe to my blog so that you never miss an episode of “Trish-Talk.”
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