There is no doubt that going self-employed is a huge step to take and one that you need to be fully prepared for. This way, you are much more likely to make a success of it. Of course, some common mistakes are made time and time again, and it certainly makes sense that you try and avoid as many of them as possible. So, here are some common errors to sidestep.
Relying Too Heavily on One
Client
One of the original statements that people make about the world of
business is not to put all of your eggs in one basket. This is largely down to
the fact that if you were to lose this client out of the blue, you would end up
in a highly unstable situation in which you have to scrabble around for an
alternative quickly. So, it is always worth having a backup solution in place
in case you need one. For example, there are plenty of freelance boards
available where you can find work, such as hot shot trucking, on siteslike https://www.shiply.com/us/hot-shot-trucking. Picking up some
of this work could make all the difference.
Not Keeping on Top of Your
Financial Situation
When you go self-employed, you must keep a close eye on your financial
situation in case things start to drift off course. If you are used to receiving
a regular paycheque, it can easily feel like an alien concept if you suddenly find
yourself in a situation in which you are the one who is in charge of managing
all your own finances. For this reason, many self-employed people enlist the
help of a professional accountant to take care of this side of things for them.
Failing to Manage Your Time
Well
Just as money management is highly important, the same is true of time management. While it can
feel overwhelming when you have all this freedom in front of you to manage your
own time, you can end up not getting the right amount of work done if you are
not careful. Of course, some people work better during the day, whereas others
are night owls who prefer to burn the midnight oil. Either way, it is certainly
worth setting yourself some office hours as this can help to give your day much
more of a sense of structure than it would otherwise have.
Not Marketing Yourself Well
You need to get in the business of self-promotion if you are planning on
going self-employed. This is largely down to the fact that you need to be able
to network and drum up business for yourself. Otherwise, you can easily end up
in a situation in which the phone is not ringing as often as you would like it
to. If you aren’t the kind of person who sells yourself easily, now is the time
to change all this.
By avoiding these common mistakes, you are much more likely to start off
your self-employed career well and build a good income for yourself.
