Advertising
Advertising

7 Signs You’re Ready for a Full-Time Freelance Career

7 Signs You’re Ready for a Full-Time Freelance Career

Let me guess: You have a steady day job and you are earning well, but something inside you says there’s more to work than the daily “nine-to-five” grind.

You heard about freelancing jobs and how it can replace your current income (or even surpass it). You thought, “Wow, wouldn’t that be great?”

So you went ahead started freelancing — part-time. You landed a client and you got paid for your first freelancing gig. It felt immensely satisfying — and you want to do it again.

And then you think: “What if I did that full-time?”

It’s an exciting concept: The image of you sipping a cup of coffee in the kitchen table while working on your laptop is more appealing than the daily commute to the office.

Advertising

You start to think about more reasons that freelancing might work for you. No demanding boss, no long hours, no dress code and certainly no need to leave the house. Most of all, you do the work that you love.

So are you ready to take the leap? Here are some ways to help you find out:

1. You have enough money in the bank

Your savings account is pretty decent, and it’s enough to last you six months to a year in case freelancing didn’t work. This is important even when your freelancing career starts to take off.

In a freelancer’s work life, it’s normal to have a feast-and-famine cycle. Certain times you will have loads of work, and other times there will be very little or no work at all.

Either way, a financial buffer is always a good thing.

Advertising

2. You have a few clients in the pipeline

When you leave your day job, your income stops. So if you already have clients that pay you for your freelance work, and you’re sure you can depend on them, it’s a safe situation to begin freelancing full-time.

If you have a few clients at the start, it will certainly make your first few months of freelancing less stressful.

3. You are extremely unhappy with your day job

You don’t just leave your job because you don’t like it. But if you’re at a point when you’ve lost motivation, stopped being productive and find yourself indifferent to your company’s goals, then you might be better off leaving.

Ask yourself if this feeling has something to do with wanting to start freelancing full-time, and the answer will most probably be a resounding “yes”.

4. The idea of freelancing excites you more than it scares you

If you feel excited and motivated to make freelancing your full-time career, then it may be what you need to do. You just have to do it.

Advertising

You know that it can be a risk, but it’s one you’re willing to take.

This is when you know you’re serious about doing something that you love: You have no problem leaving your comfort zone into the uncertainty that awaits — in the hopes of making your dreams come true.

5. You have years of experience in your field

As a new freelancer, you face tough competition with others who have been doing this for a long time. You might have a tough time landing clients at first.

One way to stand out is to show that you’re already an expert in your field or niche before you started freelancing. This acquired knowledge will set you apart and give you an edge, even without a full portfolio as a freelancer.

6. You know it’s not going to be easy

While you’re attracted to the convenience of working from home, you are aware of the hard work that comes with working on your own.

Advertising

You know that being a freelancer means running your own business. You have a plan in place to grow your business and raise your income to its full potential.

7. You have supportive family and friends

Freelancing demands a huge amount of your time. Having friends and family that respect and understand the nature of your work is essential to your success. Your personal life should not distract, but rather empower you to achieve your goals.

Being a full-time freelancer is not for everyone, and there is no need to rush when deciding if it’s for you. Take your time to consider the pros and cons. While it’s great to follow your dream, a practical approach can’t hurt.

Most importantly, only do it if it’s your passion — something you can imagine yourself doing for the rest of your professional life.

Featured photo credit: Eutah Mizushima via images.unsplash.com

More by this author

5 Online Tools Every Freelancer Must Take Time to Learn 7 Signs You’re Ready for a Full-Time Freelance Career

Trending in Work

1 10 Most Successful Entrepreneurs and What We Can Learn from Them 2 How to Switch Careers and Get Closer to Your Dream Job 3 9 Tips for Starting a New Job and Succeeding in Your Career 4 10 Essential Skills to Become a Successful Team Leader and Manager 5 Conflict Management Styles for Effective Communication at Work

Read Next

Advertising
Advertising
Advertising

Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

          Advertising

          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

              Advertising

              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

                  Advertising

                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

                      Advertising

                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

                      More Articles About Entrepreneurship

                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

                      Read Next