Pros and Cons of Freelancing

Choosing a profession has always been a critical decision of life. Every profession has some pros and cons regarding work commitments. In this time of advancement, many young enthusiasts are choosing freelancing as their profession as it is an independent and self-employed business. Freelancing is an excellent opportunity for those who are willing to work on their own. Like any other profession, there are also some positive and negative factors of being a professional freelancer. Here are some of the pros and cons of freelancing.

Pro: Make Your Own Schedule

The most beneficial factor of freelancing is that you can set your work schedule according to your own routine. You can make the decision whether you want to work when you want to work, and how long you will work. Unlike freelancers, employed workers are bound to follow a typical 9 am-5 pm work regime. In contrast, freelancers are free to choose or set their work timing according to their feasibility.  

Pro: Earn Well Over Industry Average: 

Freelancing is the most progressive profession in terms of money. Initially, you have to struggle in your field to get good rates, but you can earn pretty much high once you get established. In comparison, employees do tiresome work for a little salary, which surely does not justify the work.

Pro: Work Fewer Hours: 

In today‚Äôs world of smart working, there is no need to work day and night to earn more. You can earn more and more money by working only for few hours. Freelancing is the only profession that provides you opportunities to earn high by smart and efficient working. 

Pro: Live Your Own Lifestyle: 

Freelancing gives you a chance to work freely. You don’t need to sit under one roof to work. Freelancing offers remote working. You can manage your work wherever you are, no matter you are home or not. With these pros of freelancing, you can manage your personal life alongside your work. 

Con: No Coworkers – Not Much Positive Feedback

If you enjoy the benefits of freelancing, then get ready to suffer some of its downfalls as well.  The major con of freelancing is that you are a one-person army. You have to manage all the work all alone. There are no other colleagues with whom you can share your workload. This requires a lot of positive self-talk and freelancer affirmations to maintain a positive attitude.

Con: Can Get Lonely – Own All Your Mistakes

If you are the only one who enjoys all the benefits of freelancing. Then you are also the one who has to tolerate and own all the mistakes and losses. You have to tackle all the issues regarding working alone.

Follow this link to see my personal guide on handling mistakes.

Con: Responsibilities of Running A Business 

Freelancing is not as simple and easy as it seems to be. You have to be focused on all the domains that are involved in running a business. You have to deal with all the tasks, including taxes, compliances, admin tasks, all alone. While running a business, it is the most challenging to handle all the responsibilities.

Con: Irregular Workload

The most disturbing con of freelancing is that there is no permanent work. The system of work contracts is random. At one time, you get overflow of work but, on the other side, you are not sure that whether you are going to have any work further. 

Key Takeaways:

Every profession has both pros and cons. Similarly, freelancing also bears cons along with its beneficial pros. If you want to enjoy the pros of freelancing, then also be ready to tolerate its cons. Freelancing offers you efficient and smart earning opportunities, but it also gives you hard times to manage your work. 

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