Working as a freelancer, I have found freelancing frustrating, depressive, and irritating to the point where I have thought of saying, “I quit!” This is when I need to walk away, regroup myself, and get back to learning more about marketing my services while working on any outstanding projects.
Most potential clients already have someone whom they trust offering the same services I do, so how do I find people willing to work with me, because of finances, there is less than a shoestring budget to work with. When living on a fixed income, there is never enough money to work with a mentor, purchase programs, travel expenses to conferences, lodging, food, and price of the conference ticket.
In hindsight, there are many things I would have done differently, age should not stop anyone wishing becoming an entrepreneur. Just do not quit your day job until freelancing will allow you to keep the lifestyle you are accustomed to.
Freelancers are independent contractors; you pay taxes, purchase insurance, need a space to work, pay for any licenses to run a business. Freelancers are entrepreneurs running a business, and the money is not yours, it belongs to the business and your business pays you a salary.
Freelancers need an accountant, or learn accounting to keep clear concise records in case of an IRS audit.
All entrepreneurs are liable for paying taxes, employee withholding, Medicare, sales tax, state taxes, business licenses, and possibly medical, dental, and vision insurance. This in itself can cause entrepreneurs more than their share of frustration.
Another thing that can cause freelancers ulcers is pricing their product or services to be competitive. When outsourcing, you will have to train your virtual employee to work the way you would.
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