Freelancers: Prepare for the Dry Spells
Becoming a freelancer can be liberating — and also a little terrifying. Will you have enough work to make ends meet? In most industries gig work can be episodic, so you have to plan ahead for the dips. Stash away money whenever you can so you’re able to weather any slow periods. Also consider building a network of fellow freelancers who can help you out during those times. When you have too much work to do, pass on the gigs you can’t take to colleagues; hopefully, the next time you’re in a dry spell you can ask them to do the same. And if you don’t have as much work as you want, don’t become despondent, especially at the beginning. It takes time, sometimes six months to a year, to get a consistent cash flow going.