Thursday, March 09, 2006

Freelancing Benefits and Drawbacks

The following are taken almost verbatim from Wikipedia on Freelancing:

Freelancing Benefits and Drawbacks
Freelancers generally enjoy a greater variety of assignments than in regular employment, and almost always have more freedom to choose their work schedule. The experience also allows the opportunity to build up a portfolio of work and cultivate a network of clients in hopes of obtaining a permanent position.

A major drawback is the uncertainty of work – and thus income – and lack of company benefits such as health insurance or retirement pay.

Another drawback is that freelancers often must handle contracts, legal issues, accounting, marketing, and other business functions by themselves. If they do choose to pay for professional services, they can sometimes turn into a significant out-of-pocket expense. Working hours can extend beyond the standard working day and working week.

As a cultural phenomenon, freelancing exists both below and above the system. In Germany, for example, among other countries, creative freelancing is considered one of the most socially elevated fields of endeavour one can pursue. In Japan, freelancing is generally associated with an inability to find work with a major company, and is held in low esteem.

As with every endeavors, the drawbacks almost always outnumbers the benefits. It should be put to mind that it is not purely in numbers that we based our decisions. We should take into consideration the weights of the benefits and the drawbacks.

Yes freelancing is tough. There are more people failing on this than being employed. Just like everything that we do, we gamble, we risk to achieve what we longed for. Just what I've said before, freelancing is not for the faint of heart. So before you jump into the freelance market, please do think deep and hard about your decision.

Freelance Pro - Be the Boss, Be Free.

1 comment:

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