Is freelancing for you? It’s a big decision.
There are a lot of things to consider when making the switch from full-time employee to full-time freelancer. It’s a huge lifestyle change, and it’s not for everyone.
But if you’re thinking about making the leap, it’s important to know what you’re getting into. There are a lot of potential pitfalls and traps that can trip up even the most experienced freelancers.
In this article, we’ll discuss the top 5 mistakes that freelancers make, and how to avoid them.
1. Not Managing Your Time Properly
One of the biggest challenges of freelancing is managing your time properly. When you’re used to working a 9-to-5 job, it can be tough to transition to a schedule that is entirely your own.
There are a lot of distractions at home, and it can be tempting to take advantage of the flexibility that freelancing offers and slack off. But if you want to be successful, you need to treat your freelance work like a real job. that means setting regular hours, taking breaks when you need them, and avoiding distractions as much as possible.
2. Not Tracking Your Expenses Properly
Another mistake that freelancers make is not tracking their expenses properly. This is important for two reasons: first, because you need to make sure that you’re deducting all of the allowable expenses on your taxes; and second, because you need to know where your money is going so that you can budget properly. Keep careful records of all of your expenses, and make sure to consult with a tax professional if you have any questions about what you can and cannot deduct.
