If you’re living in 2020, you must possess a fair understanding of freelancing. But the stance and mindset you have towards it need to be tweaked. Freelancing, you might be wondering, isn’t that for the ‘hungry artists’? Not quite.
According to Independent Professionals and the Self-Employed, there are more than 2 million freelancers in the UK which is 6% of the nation’s workforce. They collectively contribute a staggering £119 billion in the economy. For those who are befuddled about freelancing have landed right. We’ve covered everything about 2020 freelancing.
A freelancer is a self-employed person who offers different services according to their skill set to their clients. These services can be almost anything from article writing to programming. With that being said, a freelancer is similar to a contractor, as opposed to a home business. However, individuals can offer their facility directly to customers, without any third-party knocking the door for taxes.
Freelancers looks for alternative work or a second income. There are many self-employment careers one could go for, such as freelance writer, freelance telecommuter, freelance designer, developer and many more. These are similar to each other, but there are many differences amid.
The world is changing fast, everyone needs to keep up the pace with it, which is why freelancing is taking over the workforce globally. A substantial amount of percentage of freelancers increases each year in the UK. The added benefit of a handsome salary, (contract based), the younger generation is driven to work as a freelancer.
Just like several pros, there are multiple cons to everything in this imperfect world, the same goes with the freelancing. One of the pros include remote working. Freelancing is a choice for people to escape the 9-to-5 hassle in which everyone’s stuck, and is an outdated way of living a life. Many freelancers, whatever their job, may have opted for this employment model because it offers freedom – the freedom to work from anywhere and at any time, which looks appealing to almost everyone.
Freelancers are exceedingly self-governing. When you possess the business, you, for the most part, don’t need to reply to anyone and work on your own terms on your desired hours and rates. This could mean completing ahead of schedule to watch a football coordinate, taking a Friday off for an end of the week away with companions or suddenly extending that, Christmas break.
As a freelancer meetings and day to day hassle, going outside, getting stuck in the traffic and working for the boss you hate all day, will be the things of the past. That said, along with all the different company rituals and wasting the time with the notorious bureaucracy for getting the simplest thing done.
Along with time freedom, they have handsome and appealing salaries. As many freelancers make an annual income up to £75,000, which is equivalent to an engineer’s salary.
On the contrary, freelancers are not eligible for company beneficiaries, they don’t have a guaranteed income as they work on contract basis, and they must pay their own self-employment taxes on everything they earn since they aren’t considered employees under a company; however, freelancing can be a highly profitable self-employed business with no boss to plague you all day and many other beneficiaries.
Freelancing is the face of the future with the rising unemployment rates in many developing countries. Many people are living life under poverty levels even while possessing high-level degrees. And with the globalisation and digitalisation, and ease of transactions around the globe it is a chance for almost everyone to have some necessary skill set and sell it.
To acquire such skill-set law coursework help you learn the prerequisites of entrepreneurial life, and a necessary and unique skill set which will be with you for life time, making you a highly profitable freelancer. People are self-driven to acquire necessary skill-set which is unique and could be portrayed as the best seller in the freelancing world.
All you need is one skill which you could sell. Now these skill sets can vary, i.e. architectural, web designing, blogging, graphic designing, consultancy and many more. The good news is many freelancers end up playing the role of social “influencers”, which is also a leading business today. Freelancers constitute a diverse population of workers, with different educational backgrounds, motivations, ambitions and needs.
Nevertheless, with the rise of globalisation which results in the unlimited potential of crowd-sourcing, it stands to reason that more and more firms will begin running, and even growing, their businesses with appreciably fewer employees. This does not necessarily mean an boost in unemployment; instead it means the firms and companies would hire freelancers from anywhere to get their work done.
The freelancing may be a key indicator of the future of work, notably in terms of collaboration. Freelancers are already getting hired by many big companies and many firms. Soon, they will also be producing, communicating, and collaborating with firms, customers, and with the society at large. Everyone must be aware of how big the freelancing world is, and how can one benefit from it by selling just the unique skill they acquire.
Freelancing can be a good alternative for most people to escape their 9 to 5 hassle, but freelancing is a tough job too, the independence and time freedom might look too appealing to you but working remotely is not for everyone. But if you acquire leniency, strive to be independent, and are not afraid of uncertainty and risk, then freelancing can be for you. It’s an attractively rewarding experience.
Anyone who wants to get in the freelancing world, you must know it’s not a magic happiness pill. There will be no instant gratification, no overnight getting rich. Freelancing is not the answer for everyone who doesn’t like their current work, especially not for those who have commitment problems or wavering thoughts about their true calling.