Are you considering launching a freelance career? Perhaps you may wonder if this is the year to take that leap and leave your traditional job. Or, you may not know exactly what to consider to see if the time is right. Only you can determine if now is the time to begin your freelancing career. Here are some factors to consider from my own experience as a successful full-time freelancer.
What Should I Consider Before Launching a Freelancing Career?
Many people have successfully launched freelance careers in a wide variety of specialties — and many others have failed. Before you quit your day job, consider some relevant factors that will have a long-term impact on your freelancing efforts and goals.
The economy is always rising and falling and if you wait for the “perfect time” to launch your freelancing career, it will never come. There will always be booms and recessions of some sort. But economic situations impact traditional businesses differently than freelance businesses.
Popular freelancing site Fiverr Business published the results of a survey they conducted with over 1,000 business owners of varying sizes and revenue. The results show that traditional businesses may be facing economic challenges but these challenges are creating new opportunities for freelancers.
“It’s encouraging to see that savvy business leaders are turning to freelancers in order to fill any talent gaps in their workforce to avoid things such as burnout and reduced productivity.” Shany Malbin, Fiverr Business General Manager
- Remote-only companies are less likely to implement a hiring freeze (78%) compared to companies operating fully in-person (87%).
- Remote-only companies are less likely to lay off staff (74%) compared to companies operating fully in-person (80%).
- 43% of business owners surveyed plan to hire freelancers.
- 8 in 10 said independent flexible talent can help companies during times of economic downturn.