Freelancing vs. Regular Employment - which one is right for me?

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Freelancing can be a dream and a nightmare at the same time. That is why a lot of IT-experts struggle with decisions whether to stay in their regular employment or to start freelancing. Being your own boss is a romantic vision - decide on your own when and where to work, with whom to cooperate or how much you would like to earn. But there are also some disadvantages when it comes to the income, satbility and security. To help you with your decision for or against freelancing, the IT-project board http://www.freelancermap.com has summarized some pros and cons on freelancing vs. regular employment.

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Freelancing vs. Regular Employment - which one is right for me?

  1. 1. FREELANCING VS. REGULAR EMPLOYEMENT Which one is right for you? © freelancermap.com 09.09.2013 Contact: info@freelancermap.com More freelancer tips on www.freelancermap.com...
  2. 2. Freelancing vs. Regular Employement Freelancing can really be a dream – doing what you deem fit with your time, being the captain of your own ship and working independently is quite the romantic vision. In reality things don’t always work out the way most people imagine they would and any freelancer has to go through significant hardships as well. Not everyone is cut out for the freelancing life and this is perfectly fine, because the life of an employee has lots of benefits as well. We have gathered the core aspects that differentiate the two different lifestyles in order to help you decide if freelancing really is the right career path for you.
  3. 3. Pros & Cons: THE INCOME (1/2) Freelancer or employee, romance and feelings aside, finances are among the main reasons for what we do for a living and how we do it. Many believe that freelancers are much better-off that regular employees. This is, however, mostly a myth. Yes, freelancers do get bigger checks, but first of all, the checks aren’t that much bigger. Secondly, a regular employee has a lot of benefits, which a freelancer does not have. These are on the one hand practical things such as insurance, paid vacation and sick leave.
  4. 4. Pros & Cons: THE INCOME (2/2) On the other hand the social aspects of working in an office shouldn’t be underestimated, as connections with colleagues not only provide you with new opportunities, they make sure you don’t get socially isolated as well. Of course, a freelancer has, as any person, a way to work around the issues of not having enough company. But, if you are a regular employee and your colleagues account for a main part of your social life, freelancing might not be the best way for you. Freelancers do have the potential to receive much more money than regular employers, but there is not a safety net at the bottom.
  5. 5. Pros & Cons: THE EXPERIENCE (1/2) The second aspect that should play a key role in deciding whether you want to pursue a freelancing career or be an employee for a while is experience. At the core of this argument is a misunderstanding that freelancing is something one can just jump into as if it were cold water in the hope that one gets used to it. The fact is that a successful freelancing career requires experience, knowledge of your market and good marketing skills. These are all qualities one can gain while working as an employee. Visiting seminars, trainings or courses can be pretty expensive if you do it on your own.
  6. 6. Pros & Cons: THE EXPERIENCE (2/2) As an employee, the company will pay for those in order to increase your value. To sum it all up, if you want to pursue a freelancing career, you might want to work for a couple of years and get the experience and skill required for success.
  7. 7. Pros & Cons: THE STABILITY (1/2) Last, but not least, stability is often what makes the difference between the lifestyle of a freelancer and a regular employee. As has been pointed out, an employee has a stable income and can count on the safety a company offers, while a freelancer depends only on himself more often than not. If a freelancer makes a mistake or fails, he can’t count on a colleague to fix the error and will face a lot more than a shouting boss. What is more, an employee has a regular working routine, while a freelancer might have a problem with motivation or overwork himself.
  8. 8. Pros & Cons: THE STABILITY (2/2) Being your own boss and sacrificing the stability an employee lifestyle offers isn’t for everyone, but as a freelancer you will have to be prepared to face that all. Now that you are aware of the benefits of both freelancing and full-time employment, you are one step closer to making the right decision for yourself and being successful on your chosen path.
  9. 9. Futher freelancer tips available on http://www.freelancermap.com/channel/19-news.html Contact freelancermap.com Contact person: Doreen Schollmeier - International Affairs Mail: info@freelancermap.com Skype: doreen.schollmeier Phone: +49-911-37750286 facebook: www.facebook.com/freelancermapInternational Twitter: freelancer_INT
  10. 10. Futher freelancer tips available on http://www.freelancermap.com/channel/19-news.html Contact freelancermap.com Contact person: Doreen Schollmeier - International Affairs Mail: info@freelancermap.com Skype: doreen.schollmeier Phone: +49-911-37750286 facebook: www.facebook.com/freelancermapInternational Twitter: freelancer_INT

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