In today’s gig economy, entrepreneurship isn’t just on the rise. It’s a common work trend. More and more people are freelancing every year, gaining traction in their industries and boosting their experience.
But there’s a lot to know about running a one-person business, and freelancing can have many risks if it isn’t done right. That said, there are a few things you can do to make entering the entrepreneurship race that much easier.
Consider the following tips you can use to become a bigger and better freelancer.
Create a fixed workspace
Many people, not just freelancers, like the freedom that comes with being able to work from anywhere. In fact, up to 60% of remote workers said they would leave their current job for a full-time remote position at the same pay rate.
But while workspace-hopping can be fun and keep things fresh, it’s important that you have a quiet, fixed space that’s designed only for your work. Virginia Woolf was right, you need a room of your own.
The cool thing about the gig economy is that you can find inspiration for different types of workspaces. From closet home offices to coworking spaces, you can find something that works for you.
Create a contract before doing anything else
When you’re freelancing, you’re your own boss. That means it’s up to you to make sure your clients are paying you. A contract can help entrepreneurs solidify several things including the rate negotiates between you and your client, project cancellations, reimbursement, and more.
You always want to have a contract written and signed before you begin working on a project for a client. Contractors can protect you from legal issues and disagreements. They also make sure you get paid for your work.
Get a deposit upfront
Speaking of making sure you get paid for your work, deposits are crucial. Before you begin any work for your client, secure a deposit from them.
Deposits ensure that if your client flakes out, or there are disagreements and your client doesn’t pay you, you still have that down payment to pay for your work.
Looking for coworking spaces where you can work?
There are over 400 million entrepreneurs around the world, which means approximately one out of every 18 people owns their own business. While you can certainly hustle from home, sometimes it helps to have the professional vibe of a collaborative workspace.
Stat International offers coworking spaces, executive virtual office spaces, and even furnished office spaces for rent so you can find a workspace that works for you. To learn more about our coworking spaces and how they work, contact Stat International today.