Reasons You Shouldn’t Be a Freelancer
There are countless articles out there giving reasons why everyone should consider freelancing. The way these writers put it is as if anyone still doing a day job is just a schmuck who has no desire and ambition to succeed. But the truth is, freelancing comes with plenty of drawbacks too.
Now before you get yourself all puffy and huffy about the doom I am intending to spread about this career path, just relax and take a deep breath. I don’t intend to write off freelancing because obviously, it is a well-paying occupation for many people. However, I want to give you 5 good reasons why I can’t possibly give up my corporate job to venture into freelancing.
1. Job Insecurity
In freelancing, you don’t have work guarantee. You need to have multiple projects to have an efficient workflow. Thus, you need many clients to work with. And since in most freelancing projects there is no contract signed between a freelancer and the client, there is a higher possibility that the client may discontinue working with you once you have submitted the project. It’s therefore not surprising to have a high income in one month and be jobless in the next.
2. Limited Vacation Days
As a freelancer, you will have irregular working hours, sometimes very tight deadlines and unrealistic demands by clients. How on earth are you supposed to take a vacation with such an arrangement? Unless you want to be doing some work and replying to emails when you should actually be lazily lying on the beach in Hawaii, then freelancing is not the career for you.
3. No Employer Benefits
Let me burst your bubble. You are not getting any paid leave, paid sick days, medical insurance, retirement savings, and other perks and benefits enjoyed by corporate employees if you decide to move to freelancing. How about getting health insurance for your kids? You see, if you are self-employed, you will no longer be entitled to these benefits. You need to dig up a hole in your pocket take care of these.
4. A lot of Legwork
As a freelancer, you are in charge of finding and acquiring all your projects and clients. In a traditional job, all projects will probably be handed to you. However, in freelancing, you have a sole responsibility for finding clients, which could be difficult, tedious, and boring. This means you need to extensively market and advertise your skills.
5. Messed up Routines
In freelancing, there are many times when tasks will be changed and deadlines will be moved, and you need to adapt to these changes right away. The big challenge is that when you work without physical contact with your clients, they may not understand how much time you need to get certain things done or adjust to the new projects. Therefore, you need to be flexible to accommodate changes when deadlines move closer or responsibilities grow and if you are not, kindly, don’t choose this path.
The Bottom Line
Freelancing gives you professional freedom but it is highly unstable and risky. Trust me, no one wants to take a risky career path. However, if you feel that this is the right venture for you, don’t feel ashamed to give up your 9 to 5 job. For me, until freelancing fixes the above problems (which is never going to happen), I guess I will be sticking with my day job.