If you are a freelance designer, are there times that you forget to associate the ‘business’ to your profession? If you do, don’t worry, most of us do it too (but we need to stop doing it ASAP).
When we venture into the world of freelancing, most of us don’t have the tools to get the business aspect of it right. For example, we are not taught about managing finances or sending out 100s of proposals a month. We are only taught about the success stories and how in doing a few easy things, we can become a freelancer.
But being a freelancer is a full-time business whether people call it that or not. And if you are thinking of becoming one, there are some questions you need to ask yourself honestly before diving into it.
If you are reading this post, chances are you have already made up your mind about launching a freelance design business. But if you are still considering your options, ask yourself these questions.
2.1 Are You Comfortable Not Knowing Where Your Next Cheque Would Come From?
Working a 9 to 5 job means that at the end of every month, you will receive your salary in your bank account.
Freelancing is different, and many factors affect your income on a monthly basis. It is affected by the number of projects, the cost of each project, and the kind of client.
2.2 Can You Manage Everything That Comes With Running a Business From Finances to Clients?
As a freelancer, you need to take care of paying rent, buying equipment, software and tutorials, finding new clients, working on case studies for your portfolio, and countless other tasks.
In a 9 to 5 job, many people work together to achieve these things which can make it easier for participating individuals.
2.3 Can You Say NO When Need be?
It is very important to know your limits as a businessperson. People will ask for free work, more time, extra pieces of art, an unimaginable number of redos and you would need to say NO to them when it happens.
With a 9 to 5, you may have the support of a team to do that.
2.4 Can You Handle Failure, Spats, and Other Negative Aspects of Running a Business?
There will be times when you don’t get the project you were hoping to work on, or a deal will fall through or you and your client could have a miscommunication leading to some angry words.
In this aspect, freelancing very similar to a 9 to 5 job but what’s different is that you have colleagues to talk to during these times. When you start out as an individual freelancer, these same problems can be very different experiences.
2.5 Are You Okay With Not Having Listed Holidays as Part of Your Business?
When you begin any business, listed holidays or weekend offs would probably be a difficult thing to achieve and it can take a toll on productivity and mental health. Similar to point 2.4, people working 9 to 5s experience it too but unlike (many) 9 to 5s, your extra time on the project might not receive the acknowledgment you desire.
These questions are not meant to discourage you from launching a freelance business because none of them is an everyday occurrence. Some might happen once or twice a year and others might need a learning curve. You can ask yourself these questions and see if you would be able to handle them on a bad business day before you launch a freelance design business.