Business Fit Magazine May 2019 Issue 2 | Page 24

Business my question to myself was do I do this forever, or do I start hiring? Do I only work with clients in a specific industry? Do I try and charge more and work less? Do I charge more and work more?! What would you do in that situation? Each step brings different opportunities and challenges. Play your decision forward three, six and twelve months. What happens next and does it excite you? Do you want to start hiring people, or do you want to create yourself a job? Or do you only want to work three days a week? How feasible does your dream timeline look and what do you need to get there? How hard will it be? The Instagram posts and the “become a freelancer” courses never tell you about the hard work required to win and manage clients. Nor do they explain how much work you’ll be doing on a daily basis. They give you a speculative sum of money to dream about whilst showing you the sports car they’ve bought with their winnings. Ronnie Coleman explained it well: “Everybody wanna be a bodybuilder, but don’t nobody wanna lift no heavy-ass weight.” If you switch to being freelance or self- employed, you must be willing to do those tasks and keep doing them until they get you somewhere. You must have an uncompromising belief in yourself the whole time, because it won’t always be obvious when you’re getting somewhere. The course of true success never runs smooth; don’t expect it to. If other people have been able to do it, you can too, just don’t underestimate the time and effort it took and don’t let their Instagram fool you that it was all straightforward. What happens if it goes wrong? It’s easy to think of it succeeding. It’s harder, but necessary, to think about the difficulties. it’s far easier to prepare now than when you’re 24 under pressure to pay bills and sign clients. Imagine you replace 100% of your salary within six months. Great. Imagine you replace 75% or 50%, what happens then? Do you have reserves set aside to live on? Can you afford to make nothing for six months? Can you stay motivated to keep banging on doors of people who aren’t ready to buy your services yet? What happens when that client you were looking forward to (and banking on) working with changes their strategy? to submit before you secure one piece of work? It might be more than you expect. If you’re employed, your employer takes all the risks. They’re taking a calculated gamble on you and on their own ability. Do you have the same confidence in yourself? What would you gamble on your own ability to smash it where many others haven’t managed to? How will you take holidays? Will you always be ‘on’ for clients, or will you build holidays into your contracts? Or will you only accept project- based work so you can take regular breaks? Where will my clients come from? If you’re embarking on work different to your current role, can you have clients lined up for when you leave? Ask potential clients about working with you before you quit. Don’t go ahead without doing your research. If you’re leaving your current role to become a competitor, tread carefully. There may be legal implications as well as moral and reputational ones. It’s a small world and burning bridges is not advisable, you never know what you might need in the future, plus no one likes a snake. Someone in my team gave freelancing a go a few years ago. We put a lot of work his way because he was reliable and trustworthy, and he left on good terms. However, it turned out he wasn’t keen on taking on this risk himself and being under constant pressure to find work. His passion was doing the work, not looking for it, because he’d impressed us so much, we re-hired him. Where will your first customers come from and the leads after that? Have a plan and make sure it’s based on what will happen. Have you seen actual, real work you could take on as a freelancer? How many proposals will you need What haven’t I considered? If you go freelance you will need to replace your computer, every piece of software you use and the professional indemnity insurance your employer has for you. If you work in a nice office with a team of people you enjoy engaging with, how will you replace this experience and work environment? One benefit of freelance work is you choose where you do it from. A good friend, Aimee, had started out as a life and business coach in London when she realised most of her coaching was being done via Skype. She won her clients through referral and her website, she rarely met with people in person; Aimee decided to relocate to Spain, halve her living costs, reduce the pressure and allow her to focus on serving her clients well rather than feeling she had to sign new ones. Doing better work for her clients meant the referrals came in faster and her business grew as a result. Have you considered changing more than just your job? If relocating is the real problem you’re trying to solve, it might be possible in your current role. Make sure you have correctly identified your problem before you create a plan to solve it. Evaluate the pros and cons I used to rent a house and dreamt of buying one. I thought about all the good things it would bring, being able to redecorate how I wanted and not feeling I was wasting money on rent. What I took for granted were the benefits of renting. If the boiler breaks it’s someone else’s problem. Moving requires one month’s notice, not a lengthy selling process. A fall in sale prices won’t affect me. When I was trapped in a ‘grass is always greener’ mindset I forgot what I was already taking for granted. With every option there are trade-offs, pros and cons. Whatever you choose to do, I wish you all the best. Quitting your job and going freelance might be exactly the right thing for you, it might not be. Don’t go in blind, go in prepared. Good luck! Each step brings different opportunities and challenges Jodie Cook is the owner of JC Social Media, Birmingham. She co-founded Clever Tykes, a series of children’s storybooks inspiring enterprising behaviour, read in every UK primary school. She won Birmingham Young Professional in 2014; was included in Forbes’ 30 under 30 Social Entrepreneurs in Europe 2017 and won the 2017 Entrepreneurs Champion award at the GB Entrepreneur Awards. She also competes for GB in powerlifting. www.jodiecook.com 25