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.