Freelance work is becoming more and more popular. In fact, it is expected that freelancers will make up the majority of the workforce by 2027. There are a lot of reasons that people are ditching their 9-5 and going freelance. If you are considering doing the same, there are also some cons to keep in mind as well.
As an entrepreneur and community-conscious philanthropist, Valentino DiGiorgio has a passion for creating opportunities for individuals and families as well as helping small businesses thrive. Today he shares 3 pros and cons of being a freelancer.
PRO: Flexible work hours are a huge draw to the freelance lifestyle. No more clocking in and out of an office for a set number of hours each day, so you are more in control of your days.
CON: Inconsistent workload. At an office job, you work regular hours and get a regular salary. When you go freelance, however, the amount of work you get and how much money you make can greatly fluctuate from month to month.
PRO: You are your own boss. You have more autonomy and control over the kind of work you do, when you take vacations, and how you go about your work. If you hate being told what to do all the time, this could be a great option.
CON: Everything is on you. Especially when you’re starting out in your business, you are a one-person show. All of the responsibilities fall solely on you, and it can even get kind of lonely sometimes if you are used to an office environment.
PRO: Higher earning potential. You don’t have to wait for your boss or manager to give you a raise anymore. You have much more control over your earning potential, and the sky is the limit.
CON: No employee benefits. You won’t get paid vacation, sick days, health insurance, or retirement plans.