How to Survive Life as a Freelancer (Infographic)

Updated on January 31, 2020
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As communication technologies and platforms grow in popularity, the need for a traditional workplace diminishes. Professionals with marketable skills and experiences are able to connect directly with clients without leaving their home, or even working during business hours. It is easier than ever to become an entrepreneur and start your own small business. Due to this rapid transition towards self-employment, it’s projected that over half of the workforce in America will be freelancers by the year 2027.

Whether you’re a recent grad that wants to travel the world, or you want more time at home with your family, it’s clear there are certain benefits to making the switch to a freelance career. However, quitting your 9 to 5 in favor of being your own boss has some drawbacks. Becoming a full-time freelancer can mean putting in extra hours, taking home irregular income, and losing health benefits. Nevertheless, many people still find that the freedom of the freelance career makes the challenges worth it. As a freelancer, you have the unique opportunity to grow your hustle into a thriving business.

Every freelancer’s needs will be different, but no matter if you’re a copywriter, business consultant, or logo designer, there are still some basic survival skills that will help you navigate the difficult terrain of freelance work. You should be prepared financially and emotionally to embark on your freelance journey. And remember, even though you’re working for yourself now, you don’t need to work by yourself. Your network and mentor will be some of the best resources you have available to you.

To help you on your journey to freelance work and business success, check out our survival guide below:

Sources:
Leadernomics | TheNuSchool | eHealthInstitute | Shutterstock | Bustle | Due | TheBalance | HarvardBusinessReview | NationalMentoringDay

Vice President and Founding Editor at Fundera

Meredith Wood

Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
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