Coronavirus and freelancing – How does this affect you?

Coronavirus and freelancing – How does this affect you?

by Wishu
15 July 2020

No need to panic, but itโ€™s good to keep informed on areas that may affect you as a creative. Here are some actionable tips and updates from the Wishu team, letโ€™s get through this together.

In a world where travel and international flight is easier than ever, the Coronavirus poses a threat to populations worldwide. The virus situation is affecting the global economy and routines of millions. Although nobody knows what will happen tomorrow, staying aware, being positive, and healthy is what we can focus on.

๐—›๐—ผ๐˜„ ๐˜๐—ต๐—ฒ ๐˜ƒ๐—ถ๐—ฟ๐˜‚๐˜€ ๐—ถ๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ & ๐—ฒ๐˜…๐—ต๐—ถ๐—ฏ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐˜€
Globally, countless companies are slowing down growth by decreasing or delaying decisions and mobilisation. There are fewer potential clients and working opportunities in the market currently (not yet drastically, however). Many large-scale corporate exhibitions and events are being cancelled. A couple of examples in the creative industry are โ€˜Art Baselโ€™ and โ€˜Watches & Wonderโ€™. Do you have an event coming up? You may want to check if plans have changed, or if any attending companies/individuals have dropped out.

๐—ข๐—ฟ๐—ด๐—ฎ๐—ป๐—ถ๐˜€๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐˜€๐—ถ๐˜๐˜‚๐—ฎ๐˜๐—ถ๐—ผ๐—ป
When the economy is slowing, compared to companies, freelancers are more likely to survive as a micro-sized economic entity. Aha, another advantage of being your own boss! Take this opportunity to think about your financial situation – how is your risk-management? Perhaps you could consider investing in certain areas or items more than others in this tiny speck of time in human history?

๐—ž๐—ฒ๐—ฒ๐—ฝ ๐—ฎ๐—ป ๐—ฒ๐˜†๐—ฒ ๐—ผ๐˜‚๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜€๐—ถ๐—ฐ๐—ธ ๐—ฝ๐—ฎ๐˜† ๐—ถ๐—ณ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ถ๐—ป๐—ด ๐—ผ๐—ป ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐˜๐—ฒ๐—ฟ๐—บ ๐—ฝ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€
The government is debating whether to support companies that employ freelancers sick pay when self-isolating for a two weeks time period. This amount of time without work would cause financial strain amongst some freelancers. Because of this strain, people may hide their illness and come into work anyway which would worsen the outbreak. The Head of Bectu, Philippa Childs, said: โ€œFreelancers should not be missing out on pay because of the coronavirus.โ€ If this goes ahead, many companies should be able to find financial support from the government if they wonโ€™t be able to provide for their freelancers. The decision for freelancer sick pay is still unconfirmed, as Bectu continues fighting to rush the government and companies to take action.

๐—ง๐—ฎ๐—ธ๐—ฒ ๐˜๐—ต๐—ถ๐˜€ ๐—ฎ๐˜€ ๐—ฎ๐—ป ๐—ผ๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ณ๐—ผ๐—ฟ ๐˜€๐—ฒ๐—น๐—ณ ๐—ฟ๐—ฒ๐—ณ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—ณ๐˜‚๐—ฟ๐˜๐—ต๐—ฒ๐—ฟ ๐—น๐—ฒ๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด
Take this time to reflect inwards. Think back to how you dealt with rogue clients and how you could have done it better. Is 2020 going as you had wanted it to? How will you proceed for the rest of the year? Reflect on your feelings, practice mindfulness and keep a journal.

With the pace of work slowing, now is your chance to also invest your time in admin work and research. Tick off your to-read-list and research on your next project. If you are using websites and social media to promote and present your work, you are more likely to garner more attention with increasing numbers of potential clients deciding to work from home and subsequently get more time in front of the screen.

Look, life is full of ups and downs. Stay healthy and be good to others. Follow health tips from the World Health Organisation: wash your hands frequently and practice social-distancing. If you have a fever, cough, or difficulty breathing, seek medical care!

Related Stories

26 May 2021

Learning the true worth of creative freelancers

15 July 2020

71% of freelancers say their costs are to increase | IR35

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—œ๐—ฅ๐Ÿฏ๐Ÿฑ? IR35 is a piece of legislation in Income Tax (Earnings and Pensions). IR35 was introduced to ensure that contractors, which work in the same way as employees, pay broadly the same taxes as actual employees.