Going Solo in a SOHO

You get up early, day in and day out. Your boss always has the final say and you have a corporate ladder to climb. You know exactly where you’ll be on weekdays, and if you’re getting tired of this seemingly endless rat race, sit back for a minute and imagine an alternate universe.

Here, you pick the projects you want and have time for a lunch date with your buddies. This universe offers limitless opportunities, plenty of freedom, and a potentially bigger paycheck. But it also requires a great amount of drive.

Welcome to a world of full-time freelancing. It’s incredibly fulfilling, but also immensely challenging. Before you hand in your resignation letter, find out what this world has to offer and what it requires of you in return. Because, like any other job, this certainly isn’t for everyone.

There are obvious reasons why many aspire to take this route, not in the least of which is having a say when it comes to your schedule. While yuppies slave away for at least eight hours a day at the office, freelancers have a great degree of control over their work hours.

Though some days are packed with gigs, freelancers also have the chance to go do something else at their own leisure. You don’t get the feeling of monotony because things run differently on different days. You can also rearrange schedules to make time for your loved ones.

However, you need to know that this isn’t all about fun and games. The money doesn’t come in without a significant amount of investment. Time and money management can also prove to be problematic.

Having plenty of jobs lined up means a steady stream of income, and a hectic schedule. Lean months also happen so budgeting your earnings is a must. You need to make investments because it can be unstable.

You’d be lucky to have consistent repeat clients; but most of the time, you need to exert extra effort to remain visible and at the top of the clients’ minds. You need to keep promoting yourself to make sure the work doesn’t stop coming in.

It’s all about marketing yourself and giving what the clients want. It’s crucial to be able to adapt because clients do differ from each other. You may not find yourself in familiar territory but you shouldn’t be discouraged.

Try not to be intimidated or daunted by what’s required of you. Being confident and somewhat bull-headed helps a lot. Come up with personal benchmarks and believe that you can be.

If you’re convinced that full-time freelancing is right for you, heed the words of the wise and listen to the advice of people who have lived your dream. Make yourself indispensable to the right crowd. Showcase the work you can do and work with other startups. Tap into new avenues and be nice to the people you meet.

Freelancing is a function of being an entrepreneur. Once you’ve reached financial freedom, you can finally do what you want to do, and that is worth all the effort. It’s a high-risk, high-reward path to take.

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