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hows that working out for you?
Not me, though.
Was going great but needed to take a desk job for a while for visa reasons. Looking forward to getting back to it asap.
i only went freelance because i was getting offered loads of freelance stuff and it made total sense, if i'd made the jump blindly i'd probably be living in a ditch right now.
also found i've gotten a really good return on just emailing people as long as i have some kind of in with the company. i've worked with chris-budget before and he said it'd be worth sending you my cv for any freelance opportunities, kinda thing. works a treat.
i'm probs not gong to be able to get that much stuff lined up before tbh, but i will be able to have a fair bit of savings to fall back on
make sure you're putting a bit away for tax payments and downtime if necessary. i used to have to pay my tax yearly but now i have to pay in instalments throughout the year which screwed me a little bit for a while.
put a quarter of the payment into a high(er)-interest accou
if you're invoicing, set up a higher-rate account and pay a quarter of anything invoice for into that. You'll only lose interest on the months you pay your tax bill (probably twice a year). Do you know anyone else who freelances in your line of work? Speak to whoever does their accounts and see what you can/cannot set off against your tax bill. It's well worth it. I was able to set against tax a portion of my rent at the time (basically, to cover time working from home). I've ended up, over several years, with enough to cover my tax for three/four years hence. It doesn't earn masses of interest, but it all helps.
if i had a few more braincells i could probably be wealthy
What do you want to know?
Do you want to be a champion? Well do you?
2 years later I'm taking home a cool £15,000pa. Need I say more?
I love it, i can do what I'm good at without getting involved with any of the company's shite.
In my last job I was perm for nearly three years and felt obligated for the company to do well. Freelance is great. And also, if you don't like somewhere then you only have to give a day's notice (if you are a contractor).
The down side is getting thrown straight in to projects that have already started and not knowing what the fuck you're doing. But yea, i like it.
are you going to register as a limited company? Or are you going umbrella? I'm using Parasol - they seem pretty good.
Used to be freelance until 2012, went in-house because I saw a really exciting looking job in a marketing firm, hated that, hated the subsequent but well paid job, hated the job after that, am now freelancing again and it's ace.
Could never have a boss or deal with an HR department ever again, so just hoping it all goes well.
I'm going things differently this time around to make sure I sleep better at night.
Client base - you want a nice split so one client ditching you isn't the end of the world. No client should be worth more than 30% of your income in my opinion.
Forecasting - Try and get some clients on retainer and offer discounts to make this happen. Often if you pitch a client and they say it's too expensive, just offer to split over double the amount of months so there cashflow doesn't get spanked. It's normally a good way of getting a reluctant client on-board while giving yourself a longer run before the money runs out. Offer discounts for longer contracts.
Invoicing - Get on top of this early and keep organised.
which, while a bit stressful on occasion, is good for £££ and the ol' CV