WHAT ARE THE CHALLENGES AS A FREELANCER?

One of the twentieth century’s greatest political and spiritual leaders– Mahatma Gandhi once said, “Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.” 

During the recent pandemic there have been a lot of struggles. Millions of people have got sick, hundreds of thousands of people have lost their jobs, thousands of businesses have ceased trading, or closed, and fear and anxiety of what the future might look like seems to be everywhere. Now there is a 2nd Wave of the disease closing countries and borders that were opened possibly prematurely and the threat remains. 

In the Gig Economy, or the Freelance World, the challenges come thick and fast, since people do not hold an employment contract and do not receive benefits from their employers. The worry of where the next paycheck will come from is a very real concern and brings with it a lot of challenges.

Biggest Challenges as a Freelancer? 

Finding new clients – finding customers is one of the most difficult challenges for startups, freelancers, and even established small businesses. Why? Customers worry that they don’t want to spend their money during difficult times, they focus on where they need to focus and wait to see what the new normal will look like. 

If you are a freelancer, you should also know the tools used in the Gig Economy.  There are websites which exist purely to join clients and freelancers.  You can find freelancers for jobs, and you can also apply as a freelancer looking for work. Upwork, markets itself as the world’s largest freelance talent marketplace wherein clients post job listings detailing their projects and what they’re looking for in a freelancer. Similar to Upwork, you can make a freelancer profile and start bidding on jobs posted by clients in Freelancer too.

Project management – finding, accepting, and making projects is the core of every Gig Worker. However, this is also a struggle for them as managing projects is often overlooked especially if the gigger is too busy. There are tools that can help you be efficient in your job. In Proofhub, you can assign user roles, conduct online team discussions and chats, delegate tasks and assignments, report and track project history, and secure file storage. In Scoro, there is a feature where you can share team calendar and meeting schedule, track and bill time for work, have detailed reports on project progress and finance, and have pre-set templates for quoting and invoicing.

Managing legal and accounting matters – lastly, handling the legal and financing side of your jobs is a challenge. Just like traditional employees, freelancers must pay tax which is more difficult because a gigger doesn’t have a stable or predictable salary. Bookkeeping doesn’t have to be a time-consuming chore. With the right tool, the tasks of logging and tracking your expenses, sending invoices, and filing your taxes at the end of the year can be simplified and expedited. Freshbooks is one example of accounting software where you can set up multiple clients and multiple projects for each client. If you have clients that are notorious for paying late, you can set up automated payment reminders in FreshBooks that remind clients of upcoming and past-due invoices.

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