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Posted by on Apr 19, 2012 in General Advice | 0 comments

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

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