FREELANCING

 

Pros and cons of freelance work

If you are thinking about becoming a freelancer, it's important to weigh up the advantages and disadvantages of freelance work.

Some of the advantages of being a freelancer include:

• Flexible work schedule: you can choose which hours to work and can set your own schedule to fit around other commitments.
• Choice and variety: whereas employees are often told which clients to work for, as a freelancer, you can pick your projects and are less confined to specific markets or sectors.
• More control: you can set your own goals and will have more say in the direction of your business.

On the other hand, there are several disadvantages to consider, including:

• Less stability: because freelance work depends on reaching enough clients, many freelancers have less financial stability and less guarantee of future work than employees
• Fewer benefits: many companies offer benefits for their employees, such as insurance or pension plans. Self-employed freelancers would be responsible for their own perks and benefits