Sca freelancing

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Sca freelancing

  1. 1. Guide to Freelancing<br />Things to consider before you embark on a freelance career<br />Claire Owen<br />May 2011<br />
  2. 2. Overview....<br /><ul><li>So you want to be a freelancer?
  3. 3. Explore why clients uses freelancers and what kind of traits you need to make a real success of it
  4. 4. Going about getting the gigs
  5. 5. Prepare CV and online portfolio
  6. 6. Understand the many routes to market
  7. 7. Getting Paid?
  8. 8. ‘Temp’ paid via PAYE vs Self Employed vs Limited Co vs Umbrella Co</li></li></ul><li>So you want to be a freelancer?<br /><ul><li>This means you’ll be working for different companies at different times and essentially you’ll be selling your skills by the hour/day/week/month/project
  9. 9. Upside for clients:
  10. 10. More flexible over hours etc. than permanent staff;
  11. 11. Easier to hire and fire - and are not a long term commitment;
  12. 12. Available at short notice
  13. 13. Provide skills the in-house team may not have;
  14. 14. Complete one off or small, regular tasks that do not require a full time employee.</li></li></ul><li>So you want to be a freelancer?<br /><ul><li>Upsides for you:
  15. 15. Being you own boss - which can be extremely enjoyable and satisfying
  16. 16. More money - freelancers are usually paid more than employees working alongside them on a project;
  17. 17. Freedom - e.g. Freelancers can, to varying degrees, choose when and where to work, when to take holidays etc.
  18. 18. Variety - by moving from contract to contract and company to company, freelancers can develop very varied experience and an impressive CV;
  19. 19. Less tax - freelancers who take professional advice can also greatly reduce the amount of tax they pay.</li></li></ul><li>So you want to be a freelancer?<br /><ul><li>Downsides for you:
  20. 20. Less security - freelancers are not protected in the same way as employees;
  21. 21. Uncertainty - there are usually no guarantees of another contract when your current contract ends;
  22. 22. Hassle - because you will be running your own business, there will be forms to fill in, rules to obey and accounts to keep;
  23. 23. You will be on your own - as well as sometimes being lonely, being your own boss means, for example, that nobody will pay you when you take a holiday or are ill.</li></li></ul><li>So you want to be a freelancer?<br /><ul><li>A successful freelancer:
  24. 24. Knows what they want to achieve from being in business and have thought through the financial implications of going it alone
  25. 25. Is decisive and self-motivated.
  26. 26. Easily adapts to different conditions, tools, culture and ways of working.
  27. 27. Gets on with other people and makes new relationships easily
  28. 28. Feels comfortable in a leadership role.
  29. 29. Has the ability to know when their advice is wanted and when it is not
  30. 30. Is always aware of a potential business at a client's site.
  31. 31. Looks own work rather than just lets agencies look.
  32. 32. Will have a database of potential clients, with those he or she has worked for before, near the top of the list.
  33. 33. Will keep potential clients up to date with contact information when it changes
  34. 34. Will have such a good reputation for their work – repeat business is the norm. </li></li></ul><li>Going about getting the gigs!<br /><ul><li>Step 1 - How do you present yourself?
  35. 35. Portfolio
  36. 36. Website
  37. 37. CV
  38. 38. Social Media – Twitter, facebook, blog, flickr, Youtube
  39. 39. Google yourself
  40. 40. Step 2 – Routes to jobs
  41. 41. Network
  42. 42. Direct/Speculative Application
  43. 43. On-Line job boards
  44. 44. Trade press
  45. 45. Recruiters
  46. 46. Step 3 - Interview
  47. 47. Preparation
  48. 48. Professional
  49. 49. Personality</li></li></ul><li>Getting Paid<br /><ul><li>PAYE
  50. 50. Easy for you, money paid with all tax/NI deducted
  51. 51. Not all companies want to take on freelancers this way – can be a hassle for them and concerns over ‘employment’ rights
  52. 52. Self Employed
  53. 53. Relatively easy to set up
  54. 54. Small regular NI Contributions
  55. 55. But employer could be contravening HMRC rules – see ESI
  56. 56. Administrative responsibilities
  57. 57. Limited Co
  58. 58. Relatively easy to set up
  59. 59. Never an issue for a company to accept your invoices
  60. 60. Potential risk under IR35
  61. 61. Administrative responsibilities
  62. 62. Umbrella Company
  63. 63. Protects you from IR35
  64. 64. Removes admin burden
  65. 65. There is a cost attached</li></li></ul><li>Any Questions?<br />
  66. 66. Useful Links<br /><ul><li>Revenue & Customs www.hmrc.gov.uk
  67. 67. Businesslink - www.businesslink.gov.uk
  68. 68. Online accountants - www.crunch.co.uk/
  69. 69. Freelancing sites/blogs
  70. 70. http://www.freelanceuk.com/become/set_up_freelance_company.shtml
  71. 71. http://creativeagencyfreelancing.com/getting-started/setting-yourself-up-as-an-agency-freelancer-uk
  72. 72. http://www.freelanceadvisor.co.uk/money/freelance-questions-how-do-i-set-up-a-limited-company/
  73. 73. http://www.freelancesupermarket.com/featured-articles/setting-up-a-limited-company-in-3-simple-steps.aspx
  74. 74. Recruitment Agencies
  75. 75. www.becomeuk.com
  76. 76. www.the-creamery.co.uk</li>

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