Pros And Cons Of Freelance Jobs

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Making the decision to go freelance is a very personal choice. Considering the pros and cons of freelancing and being a freelancer can help guide you in your choice. If you want to join the growing group of freelancers, consider these pros and cons of freelance jobs to help you determine if it’s right for you.
 
Pros of freelancing
  • Freedom with a flexible schedule, hours and location
  • Ownership: you call the shots
  • Selectivity with clients/ choosing who you want to work with
  • Unlimited earning potential
  • No commute/ no commuting costs
  • Getting to pursue your passion projects
  • No office politics, annual performance reviews, etc.
  • Casual work attire (sweatpants, anyone?)
  • Tackling a variety of projects and clients
Cons of freelancing
  • Feeling isolated
  • Hustling 24/ 7 for new gigs
  • Inconsistent work and cash flow
  • Juggling multiple clients
  • Instead of having one boss, you have several clients to answer to
  • No paid time off, no maternity/ paternity leave
  • No company-sponsored health benefits, etc.
  • No one to back you up if you're sick or injured
  • No eligibility for unemployment benefits and COBRA
  • Running every business aspect (sales and marketing, invoicing, signing contracts, troubleshooting technology, keeping track of tax deductible business expenses, making estimated tax payments, etc.)
  • Feeling scattered/ unfocused and lacking structure
Last updated at Nov 01, 2019 12:11
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