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Staying in the same job can get stale, but it can be daunting to make the transition into a new position. You may not even know what role you want to move into, or whether to pivot your entire career in a new direction. If you’re looking to mix up your working life, and none of those options appeal to you, going freelance might be the perfect choice.

There are a number of benefits that come with being your own boss and having complete control over your workload, but making the decision to go completely freelance can seem intimidating at first. Here, we’ll go over some of the main reasons people take the plunge, and how it can be done successfully.

Training for new skills becomes much easier

With the opportunity to control your deadlines and workload, going freelance gives you the chance to free up some time for your own personal development. Whether this is with online classes, or a part-time course, you can simultaneously learn new skills and work on client projects—all whilst getting paid.

By adjusting your fees, you can cover the cost of any courses while still being able to pay your bills. Once you’ve picked up these new skills, you can start marketing them to potential clients in order to land more projects, which can help to increase your profits.

For example, a trained translator may start off as a freelancer, focusing on consecutive translation for clients. According to translation experts London Translations, working as a freelance interpreter or translator doesn’t require any special equipment, and is ideal for meetings and small events, which can help translators ease into the industry on a smaller scale.

On the side, freelancers can take the opportunity to train in more difficult areas of interpretation. By slightly increasing rates, you will be able to easily save up for more specialist equipment which can help you gain more clients, such as video chat software, giving you the chance to offer virtual interpretation. This cuts down on travel costs to each job, and increases the number of clients to whom you can offer your services.

You can drastically cut your outgoing spending

Moving into a new role at a new company may seem exciting at first, but there are a number of hidden costs of starting a new job. According to money experts Wonga, the average price of a new work wardrobe is a massive £150, even if you’re not moving into a corporate suit-and-tie company.

Your commute costs may increase too, especially if your new office is further away from home, and you’ll need to take the cost of after-work drinks and socialising with your new colleagues into consideration.

By going freelance, you can bypass all of this. You won’t need to spend a daily fee on travelling as you have the option to work from home, and you won’t have to splash out on a brand new wardrobe to impress your new employer.

Working remotely can also reduce your incentive to spend money on unnecessary treats, such as coffees, pastries, and lunches out, which you are more likely to buy when working in an office. However, it’s important to note that being self-employed will put you in charge of paying your taxes, so it’s still important to keep on top of your finances.

Productivity can drastically increase

Working in an office environment can bring up a host of distractions. Whether this is colleagues asking for assistance, or more general office chatter, it can be difficult to remain focused for an extended period of time.

Freelancers, on the other hand, can choose their working location based on where they work best. A 2017 study by FlexJobs found that 76% of respondents are more productive when working remotely, due to the lack of interruptions from colleagues, and fewer general distractions.

This increased productivity can be crucial for important tasks. Freelance web developers and designers, for example, may need to concentrate most towards the end of a project, in order to fine tune what they’re working on, and ensure it runs smoothly, so many choose to work from home.

You set your own monthly workload

Despite being one of the more obvious reasons to go freelance, deciding on the amount of time you spend working shouldn’t be overlooked. If you choose to work 40-60 hours a week, you can. Likewise, if you want to take more time to relax, you can choose to cut these hours down.

You can decide your own holiday allowance, and grant yourself the time off whenever you like. The only thing you should do is figure out your target income, which will cover any monthly bills (and annual taxes) that need to be paid. Once you’ve earned this, everything you make is yours to keep, and you can decide when to stop working. Of course, you should keep your clients’ demands in mind when taking on more work, or even when going on holiday. You don’t want to miss deadlines, as it could damage your professional relationship with your clients, and may even tarnish your reputation as a freelancer.

Making the decision to go freelance can difficult, however there are a number of positives. An increase in productivity can ensure you hit deadlines on time, and can help you deliver high-quality work to all your clients, while giving you the autonomy to manage your own time, and master your skills.

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