What are the pros and cons of being a freelance
Career Paths, Careers advice

Freelance: pros and cons

Freelancing is spreading inside all industries. Here's a list of prons and cons of becoming a freelance.

Before going through the pros and cons of becoming a freelance it would be fun to discover the history of the freelance evolution. But what is freelancing today? The Oxford dictionary provides the following definition: “a freelance is a self-employed and hired to work for different companies on particular assignments”, and no matter the title freelancing is spreading inside all industries.

Freelance Evolution

The emergence of printed magazines made “freelancing” quite popular on the job market, even though it has quite old origins – the older reference dates back to the early 19th century.  The word first appeared in The Life and Times of Hugh Miller by Thomas N. Brown (1809). Later in 1820, Sir Walter Scott mentioned it in his famous book Ivanhoe. Here’s an interesting quote: “I offered Richard the service of my Free Lancers, and he refused them – I will lead them to Hull, seize on shipping, and embark for Flanders; thanks to the bustling times, a man of action will always find employment.” So, if during the Middle Ages, free lancers were free mercenary soldiers who sold their skills, as years passed, the word finally progressed from the military field to the business sector. Today the internet is an important tool for freelancers helping them to emerge and thrive, finding the clients they want and working on a project-by- project basis.

Let’s get to the heart of the matter, what are the pros and cons of being a freelance:

Pros

  1. You can work and manage various clients that will allow you to develop new skills and enhance your expertise.
  2. You can build and strengthen a partner network.
  3. You can showcase your talent
  4. You have flexibility in terms of timetable and location
  5. You can improve your sense of independence and income

Cons

  1. Higher taxes and costs of running a business
  2. No benefits
  3. Less job security
  4. Payments often come on an irregular basis
  5. Invoicing and collection is the responsibility of the contractor

 

It is a solid fact that many employers prefer hiring freelancers over permanent employees in design, marketing and programming companies, because it is a source of flexibility, smart working and the expression of project management for both parties.

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