Pros & Cons of Being a Freelancer

Advantages of Freelancing

1. I’m my own boss – I can work when I want and with whom I want on projects I want
2. I cannot “lose” my job or get fired – even if I lose a client, I still have work
3. I can set my own rates/prices, adjusting them for particular clients as I see fit
4. I can be fully independent, not relying on a single company for financial support
5. I don’t have any company policies to follow besides my own
6. I gain more and a larger variety of experiences associated with business ownership
7. Pride and respect from other business owners, community, family, and friends

Disadvantages of Freelancing

1. I do not have a reliable, constant supply of (predictable) work – not all the time
2. I do not receive benefits (bonuses, stock, health care, retirement account, etc.)
3. I have to spend time/energy running the “business” parts (bookkeeping, taxes, scheduling, advertising, etc.) – not actually bad though