Strike a Balance Between Being a Mom and a Freelancer with these Tips
You will agree that it is gratifying to quit the nine-to-five grind and take up your job in your hands as a freelancer. If you feel that you have been creatively muted and imprisoned intellectually and wish that you could make a living out of something that you love doing and on your own terms, or if you are a stay at home mom seeking to make a little extra cash in your free time, freelancing could be the solution. But keeping a balance can be a nightmare when you have little kids to look after and a whole load parental duties and obligations. You most likely know people who freelance and they encourage you to pursue your freelance dream, but there is perhaps something that they will not tell you.
Take Time before Quitting Your Day Job
Freelancers entirely depend on developing and expanding their portfolio with various clients who will keep them afloat with work and build these relationships may take much time. It is a great idea to quit your job to start freelancing, but this could potentially increase your risks if it is your only source of income. Take the safer bet and establish your online presence by doing the much work you can when your creativity level is at its best and slowly build your client base and work portfolio.
Belief in what you capable of doing is the most marketable quality. Your confidence is what makes your clients entrust their money and resources to you and ensure that they feel that they are settling for the best deal. For emerging freelancers this can be tricky as they are still growing in confidence and often that they could be exposed as talentless frauds at any moment. You must believe in your skills, knowledge, and abilities and as you grow in experience you become more and more desirable.
Avoid Taxes Becoming a Nightmare
Note that it saves you a lot of cash that it costs to hire a tax lawyer and accountant and can ensure that you are not overspending on tax. It is also essential to ensure that you keep updating your income and business expenditure on a weekly or monthly basis to avoid getting caught up in a tax nightmare come April.
You Must be Disciplined
Managing freelancing commitments alongside parental obligations can be challenging. To succeed, you must come up and stick to the set working hours and either set up a home office or work away from home. You must discipline yourself and not get attached to other commitments when you have a deadline that is coming up really soon.
Getting Paid can be a Task
After your work is done and invoices sent, it can take some time before you receive the payments. Learn how to chase after your money without having to badge the clients.