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There are many benefits to being a freelancer and contractor as opposed to working permanently for someone else. Working for yourself can offer freedom, independence and power as well as flexibility from working a nine-to-five job. You can make your own choice about work; enhance your career to the next level by taking greater responsibilities; and push your own business to boost revenue. Being self-employed is not an easy task and it does require a lot of initial donkeywork and effort but the outcomes far outweigh any negatives. By putting in the work and effort when needed you can relax during slack times and adapt the working day around your family and events. Becoming a freelancer is not for the cowardly because finances depend on you. Success also means failure and you are bound to fail at a certain project or fail to attract a particular contract at some point. However, what is important is that you put yourself out there and try. Motivating yourself to do better in life and go solo is a great sign of character and if you are passionate in your field of work, you should achieve results. If you do not love what you do then you are going to lose the lack of commitment that being a contractor requires. A tip to venturing into self-employed business is to go part-time. It is a big decision to quit your full time job and if freelancing is not right for you, it is a hasty choice to make during such difficult economic times. Venture into contractor work slowly with some part-time experience, build up your knowledge of the industry and figure out if this is for you. For advice about being a contractor and managing all the books properly, speak to an accountancy firm like Nixonwilliams.co.uk today. |
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