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.
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