Freelance work offers many advantages when compared with traditional, full-time employment, and as such many people choose to work independently rather than seek regular employment. Listed below are some of the reasons people choose to take the freelancing path:
No boss: Perhaps the number one reason given by people who choose to be freelancers is that freelancing empowers them to make their own decisions. Being self-employed means working according to your own rules, having no boss and no one to answer to.
Flexibility of schedule: An important part of the autonomy that you gain as a freelancer is in the ability to set your own schedule and working hours, and you can change those hours whenever the need arises, or just to break out of your routine. You might choose to start work early and finish early one day, then the next day decide to start work later and finish later. You can work any hour you like as long as you meet the deadlines of your clients.
No commute: Being a freelancer means you can choose to work at home, eliminating the time wasted travelling to and from your office every day. However, as a freelancer who works in coworking space, you can shift your travel time to arrive a bit later, therefore avoiding travelling during rush hours.
Freedom to travel: Similarly, as a freelancer, you can take your work with you wherever you’d like, whether that’s to a neighbourhood café or to a tropical country to avoid the Canadian winter. This benefit is really handy if the coworking space you work from is part of the Coworking Visa program.
Job security: Some people believe that being a freelancer means giving up job security; however, many freelance workers feel more secure in their jobs than they would be if they were working traditional jobs, because they know that they will never be fired, and their business will never be downsized. As a freelancer, you will continue to have your job as long as there is demand for the work you are doing.
Turn your passion into your career: Instead of being stuck in a dead end job that you neither enjoy nor can quit due to the lack of job opportunities, you can take control of your career and do the work you love by freelancing.
Diversification: Whereas a traditional, full-time job would require you to specialize and dedicate your entire work-life to one profession that fits your job title, as a freelancer you have the ability to divide your time among all the things you love doing, as long as they are financially sustainable.
No need to worry about taking a sick day: Even though as a freelancer you would not get paid days off, you also have the benefit of being able to take a day off whenever you needed to without fearing getting fired. With this, as well, comes increased job security. The only thing you need to keep in mind is the deadlines you set with your clients.
No uniform: As a freelancer, you can stay at home and choose to work in your pyjama pants and t-shirt, as opposed to the uncomfortable dress codes many workplaces require all day, every day. And if you join a coworking space, then you would still have the option of working in casual clothes.
Tax benefits: With freelance work comes many tax benefits that traditional employees cannot take advantage of. As a freelancer, for instance, you can deduct business travel and equipment costs. And if you work at home, you can deduct a certain percentage of your utility bills depending on the size of your office space.
Control your income: You can set your own rates as a freelancer, and those who provide a specialized service have the ability to set their rates much higher than they would be getting paid if they were regular employees.
Choose who to work with: If you’re employed by a company that has clients you don’t get along with, there’s nothing you can do about it, and you would have to force yourself to work with someone you would rather not be working with. But as a freelancer, you have the power to end your relationship with any client you’re not comfortable working with. In a coworking space you can also have the opportunity to collaborate with other freelancers and choose those you want to work on larger projects.
Work more efficiently: Working a traditional, full-time job means spending eight hours in your office every day regardless of how much work you have, leading to many wasted hours. As a freelancer, you can leave your office whenever you’ve completed your job, thus giving you more time to spend in other avenues of your life.
This is a guest blog post by Abdullah Alhomoud.