10 disadvantages of being freelance

Posted on: May 21st, 2010

Yesterday I went through all the positives of being freelance. Today’s post lists some of drawbacks:

  • You don’t get paid when you go on holiday (unless you are on a retainer).
  • You don’t get sick pay.
  • You won’t have a regular monthly pay cheque – but your bills will still come in every month.
  • You’ll have ‘feast or famine’: either you’ll be working flat out or you’ll have no work at all. That’s just Sod’s Law.
  • Some clients will be late payers, so you’ll have to chase them for money.
  • If you want to keep your skills up to date, you’ll have to pay for your own training from now on.
  • It’s now all down to you: you are the MD, sales manager, coffee maker, stationery buyer etc etc.
  • It can be lonely working on your own.
  • You won’t have any colleagues to bat creative ideas around with, or to help you out when you get stuck.
  • You won’t have any office chit chat and banter.

It’s simply a matter of weighing the pros and cons. Being freelance isn’t for everyone and I have friends who would HATE to be stuck in a spare room at home working on their own. However, for me, the positives definitely outweigh the negatives.

3 Responses to “10 disadvantages of being freelance”

  1. [...] really for you. If you’re unsure, here are two posts I did recently about the advantages and disadvantages of being [...]

  2. Lianne@contractor blog
    April 30th, 2013

    Unlike employed workers, freelancers do not have benefits unless they pay for them. And medical and insurance benefits can be extremely expensive.

  3. Carole Seawert
    April 30th, 2013

    HI Lianne, yes two big downsides of being freelance….

Leave a Reply

Type your comment in the box below: