*This is a collaborative post.

In the modern world, there are more opportunities to go self-employed than ever before. But if this is a step that you have never taken before, it can appear to be a pretty daunting leap into the unknown.

With all the upsides of flexibility, freedom and working for yourself come many challenges as well. Well, in this article, we are going to make that leap into the dark seem a little smaller and lighter by talking through some of the things that you need to know and organize before you go self-employed.

I hope you find it useful.

Tax and Accounting Advice

Managing your own finances can be one of the scariest parts of going self-employed, and that is why so many people turn to professional accountants to get the information they are looking for.

They can help you to manage your financial situation, as well as clarifying your business plan to alleviate some of the worries from your mind. After consultation, you are likely to be in a much stronger position to decide whether or not you are ready to take this step.

Networking is Everything

Even though you are striking out on your own, it will still help you an enormous amount to network with people in the same situation as yourself, as well as starting to develop a portfolio of clients.

If you can link up with people in the same boat, you can help each other out when needed, swap ideas and even share an office space. There are plenty of companies which specifically organize events and meet-ups for freelancers which are worth checking out.

Create a Plan B

Even though you will go down this path with every intention of making a success of it, you should still have a backup plan in case things don’t go quite as you expect them to.

Many freelancers don’t experience overnight success, so don’t let this dishearten you. You may need to continue in your current line of employment until you build up enough clients to make you feel comfortable doing it alone.

Have a Risk/Reward Balance

Going freelance always requires a certain element of risk. How great this risk proves to be really depends on the situation you are in.

If you don’t feel comfortable gambling all your life savings right now, don’t do it unless you are sure you can keep earning money comfortably in your new line of work.

Seek Support

Taking on this venture means that you are going to require support, both professionally and personally. If you know of people who have gone down the same path that you are about to take, now is the time to tap them up and ask as many questions as you can think of.

And you also need to have a close network of friends and family who pick you up when things get tough and encourage you to keep moving forward.

Hopefully, after reading through this article, you will feel just a little bit more comfortable about starting your new career as a freelancer. Sometimes I nurse the idea of becoming a full-time freelancer as I do some freelance jobs from time to time. I know it’s not as easy as it seems.

Share with me below, are you thinking of becoming a freelancer and why? I love it when I hear back form you. So please leave a comment behind.

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*This is a collaborative post.