4 Mistakes Freelancers Commit Before Starting Up
September 30, 2015
September 30, 2015
Mistakes are good for us – they teach, they make us wiser, and they guide us towards what’s right.
Some mistakes, however, are better avoided.
Since freelancing isn’t easy, and because freelancing is a leap of faith, there are chances that you’d walk into the big world of freelancing after having committed a few mistakes. Now, most of these mistakes aren’t anything like the point of no return, but knowing about it in advance makes it so much easier for you to take the right path to freelancing success.
Here are a few top mistakes freelancers commit before starting their freelancing business:
Not starting freelancing part-time
Freelancing is hard. You’d have to get used to an entirely new mindset, situations, and everyday instances, especially if you are coming from the corporate world. Since freelancing calls for something new, demands your time, and you’d need time to grow into this business, it only makes sense to start freelancing part-time.
When you start freelancing while you have your day job, you don’t take on much risk. That’s when you have a great possibility to shine.
Not keeping sufficient emergency cash
You won’t get paid everyday when you do freelancing. You won’t know where that next paycheck is or when the next payday comes.
Given the nature of freelancing, you’d need a pile of cash (it has to be at least 6 months to one year worth of your monthly salary) to bank in times of emergency or when your business is low. It’s just Freelancing Cash Management basics.
Asking others for advice
Freelancing is a solo journey. It’s entrepreneurship and all entrepreneurs walk alone. Of course, you’ll work with may people but this journey is yours. The responsibility of the outcome of this journey is yours. The results of the journey also are yours.
So, asking people if “Freelancing is good or bad?” makes no sense unless you are actually on an online (or offline) community of freelancing professionals.
Stop asking. Just do it.
Taking it easy
So, you started part time and you have the cushion your day job provides. You also have the emergency cash balance. Given that, can you see why most rookie freelancers don’t succeed? The only trouble with this careful approach is that you’d tend to have a weak, no worry start.
It’s good, and it’s bad.
It’s good because it’s safe.
It’s bad because you are not under pressure to perform. Eventually, you won’t perform.
What mistakes have you done?