Simona shares lessons learned from her first year as a freelance PR and digital marketing consultant:
|Celebrating the first year of freelancing|
It’s been a big learning curve for me and here’s my advice for those who are thinking of becoming or have just started as freelancers:
1. Its Ok to be scared: being scared helped me to look at different options and opportunities; it helped me focus on the job; and, because it doesn’t come natural to me, it forced me to go out there and look for some local networking events.
2. Find a good accountant: you won’t believe how important this is when you start off. S/he will help you:
a. Decide whether you want to set up a Limited company or be a sole trader – there are different tax implications here depending on what type of business you are in, who you are going to work with etc so ask friends if they can recommend anyone or look on LinkedIn;
b. Set up the Company for you;
c. Recommend contacts for opening a business bank account;
d. Set you up with accounting software or spreadsheets for recording your accounts
e. Advise you on business expenses;
f. Do your financial year end accounts:
g. Recommend a pension advisor.
3. Set up a healthy and comfortable office space: again, from experience (back aches, neck aches, colds) it is important that you have a good size desk, not too close to a radiator and not too close to draughts; if possible, do invest in a laptop stand and a second monitor, (I found it free through a local company that was refurbishing their offices… you’d be surprised what gets thrown away). And if things are going well after a year, reward yourself with a new laptop.
4. Learn from your mistakes: like in any job, things sometimes don’t go to plan and when this happens as a freelancer you feel the blow even more. When this happened to me, I was able to look at why this situation had occurred and what could have been done differently. This has helped me take a different, customised approach for each of my clients, as each operates differently.
5. And last but not least: be prepared to work on weekends or when other family members are on holiday. The myth that freelancers can take days off when they want it is not true. Especially at the beginning, you must be prepared to work long hours, be idle in the middle of the day and work late evenings. But…it is definitely a rewarding day – and that for me is what matters.