HOW TO AVOID FREELANCE FAILURE

It's official. Freelancing is on fire. More people and companies are hiring freelancers than ever before and there is a genuine opportunity for talented individuals to earn a living or generate extra income from their skills and passion. However, there's a problem and it's a big one that not enough platforms are talking about. One in five freelancers fail within their first year of business and 60% are forced to close their doors within 5 years. A worrying statistic and one that badly needs addressing. We delve deeper to find out what is going wrong and how we can fix it?

HOW SOON IS TOO SOON? INTRODUCING FREELANCING @ SCHOOL

The expansion of freelancing in a ‘gig economy’ has gained traction and attention, both online and in the work market, capturing the attention of students of all ages. Children as young as year 8 have shown an inclination towards self-employment, with some older teens calling for a curriculum that best helps their career prospectus in opening doors towards the freelancer market - yet schools seem slow to react and resistant to change.

"CONTRACT-FOR-HIRE" IS THE CORPORATE BUZZWORD TO LURE US BACK

Here we go again… The power shift. The pendulum swing. The force of hand.  Just when the dust was starting to settle in this new post-pandemic era, someone comes along to rain on our parade all over again. Just when you thought you were finally in control, the rug is swept from right underneath you. The new buzzword, “Contract-for-hire,” is the culprit.  And it’s very clever. Perhaps a little sneaky. Hey, maybe downright manipulative.

HOW FREELANCER'S CAN THRIVE IN A RECESSION

Freelancers, a recession is coming! When we hear the word 'recession' our immediate tendency is to panic and start preparing for the worst. Cut back on spending, batten down the hatches, and hunker down until it's all over. It's a perfectly logical position to take. Every newspaper, blog article, Tweet and media outlet constantly reminding us of it's devastating impact. Whilst this is true (minus the hyperbola) for so many businesses and employees who will sadly feel the effects of an economic downturn, for freelancers it's an entirely different story.

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