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Being A Full-Time Freelancer Is Not A Dream

Being A Full-Time Freelancer Is Not A Dream

I love being a full-time freelancer, but it would be a stretch to call it a total dream job. For example, a lot of luxuries you don’t even consider as an employee aren’t included in the full-time freelancer package. Worse, many of the things that you may think of as benefits of being a freelancer can actually be negatives. Here are 6 aspects of being a full-time freelancer that aren’t always positive or true.

1. You create your own schedule.

You’d think being a full-time freelancer means you have total control over the hours you work, but that’s not exactly true. Your clients are probably going to want to call you or at least correspond via email, right? Well, they’re likely doing a more typical workday, which means in order to talk with them and to not leave them waiting until the next day for an email, you have to be available to them on their schedule. And, even if you do get to pick your own hours, that might not be as appealing as you think. A 9-to-5 workday offers a sense of structure, and an employer monitoring your progress means you will definitely be at least semi-productive. There are no such guarantees as a full-time freelancer, which could get you into big trouble.

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2. You work independently.

Sure, you don’t have to deal with annoying co-workers, but every full-time freelancer should know that when you’re working on your own all day, every day, things get a little lonelier. Try to attend more career events to get the chance to network and look for opportunities to socialize more often with non-work friends. Be warned, though, that those friends are probably on a regular work schedule. That’s another reason you might want to work during the common work hours, too, even if you pick your own hours.

3. You get paid more for being productive.

Usually as a full-time freelancer you’re getting paid per assignment, not for working a certain amount of time. That means productivity pays off. The quicker you complete an assignment, the more you make per hour. Which sounds great! But you probably underestimate how many hours you’re not being productive at work. Make sure that the rate you charge clients is sustainable enough to compensate for the time you’re not working on assignments.

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4. You’re your own boss.

Being your own boss is a dream that never really comes true. Whatever their title, your boss should be the person who’s paying you. If you’re a full-time freelancer, that probably means you have a lot of bosses. You now serve a lot of different masters, and they all have different expectations of you that you have to keep straight. Even worse, it’s more important to keep all your clients pleased with you, because it’s a lot easier to let you go than to fire an employee. As a full-time freelancer you don’t just have one employer you have to keep moderately happy; you have a number of clients who you have to keep very happy. Keep that in mind when you’re considering the freelance life.

5. You negotiate your own pay.

This sounds exciting until you reach negotiations. A full-time freelancer can tell you that not everyone is qualified to negotiate a good or even fair rate out of clients. You can read about how to become a better negotiator, yes, but in a lot of ways it’s a natural skill that you either have or you don’t. After a while as a full-time freelancer you’ll likely start to envy your friends who don’t have to constantly negotiate how much they’re making for their hard work.

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6. You get to do a lot of different kinds of work.

You’d think that being a full-time freelancer would mean that your work is more diverse. And that can be true. If you’re a writer you might be writing about a lot of different subjects in a number of different fields. However, an experienced full-time freelancer can tell you that the most successful freelancers tend to stick to specific niches. It’s better to write about one subject expertly than to write about a dozen proficiently, even if it’s more fun to do the latter. This is another thing to remember if you’re considering becoming a full-time freelancer.

Featured photo credit: janet lackey via flickr.com

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Matt OKeefe

Matt is a marketer and writer who shares about lifestyle and productivity tips on Lifehack.

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Last Updated on June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

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        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

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              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

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                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

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                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

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                                Featured photo credit: rawpixel via unsplash.com

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