Freelancing is a bit like a relationship – it has its ups and downs. When things are good, it can be really good, and easily the best decision you’ve ever made within your career. But when it’s bad, it can turn into a nightmare and leave you wanting to quit. But as you would do with a relationship, if you want to make it work, you need to ride it out.
Here are some common issues that all freelancers face and some solutions to help you deal with them.
1. Clients who don’t pay up
This is one of the most frustrating parts of being a freelancer. When someone doesn’t pay up, your finances suffer. If you’re wondering what you can do about clients who don’t pay, there are a few options available to you. You can try to use a recovery agency to help you with your unpaid invoices, which could help people pay up. Try using a deposit system, especially with new clients if you’re concerned about any payments.
2. Not getting your tax sorted
Now that you’re a freelancer, it’s up to you to pay your own taxes. It’s one of the most laborious parts of being a freelancer, but it’s important that you save enough money to pay your taxes, as well as get your tax return in on time. Make sure you complete your UTR registration in enough time to be able to get your number and details confirmed. Many freelancers prefer to use an accountant to help them manage their annual tax returns.
3. Experiencing a dry spell
When you have to source your own clients, you can experience peaks and troughs when it comes to work. While it can be a concern for your finances, it’s better to try not to panic and put your efforts into finding new business. If you’ve got a break between projects or you want the option to bring in some additional money, you can consider some other side projects to do in your downtime. You could also use the time as an opportunity to pursue things that you’re passionate about and hone your skills even further.
4. Feeling lonely and unmotivated
The freelance life can be a lonely one. While you might enjoy working from home most of the time, you might find that there are times where you’re feeling the strain of working alone, which can make it difficult to motivate yourself. Why not try working out of the office once in a while or finding a desk space you can rent? A change of scene will keep things interesting and stop you getting bored of your surroundings.
5. Feeling like you can’t take a break
When you run your own business, it can be difficult to take a break from things. Who’s going to look after it when you’re away? Can you afford to miss out on the money? The key to being able to take a break when you’re freelancing is planning in advance. Save up some money and give your clients plenty of notice. Not taking a break can affect your health and the enjoyment of your job, so make sure to fit in some time to rest and recharge.
Despite the tough times, freelancing can be a great move for your career and help you achieve job satisfaction and a better work/life balance. Try to smile through the tough times – it will make you a stronger and more confident business owner as a result.
This is a collaborative post that was ghost written for More From My Career.