If this current climate has taught us anything, is that tomorrow is never promised. As everyone readjusts to this new post-COVID-19 world, people have taken up the opportunity to set up their sustainable securities, by relying on their business and leaving their 9 to 5. But before taking that leap, here are the necessary steps needed to prepare you on your new independent adventure.
- Do you have more than enough, in your savings?
This can’t just include covering rent and necessities. You will also need to cater to the funding that will help keep your business afloat. Ask yourself these important questions: do you have all your equipment? Can you afford to rent out this equipment, if you don’t have access to what is needed right now? Winging it as you go along can easily turn into a slippery slope. By saving and planning accordingly, you set yourself up into having an easy launch.
- Can you survive on your rates?
Planning accordingly includes planning on how to survive. The rates you may have listed, while working is likely to differ when freelancing full time. It’s important to budget as often as you can. Be aware of your cash flow patterns and be sure that it won’t be a disadvantage to you. A great way to solve these issues is by raising your rates.
- Do you have a strong clientele?
And are they likely to return, or recommend your services with others? It’s important that the relationship you with your clients is enough to help build a positive reputation on your side. Not only will this attract new business to your direction but it will also help bring forward a buzz around your name.
- Do you have the discipline?
One of the benefits of having a 9 to 5 is having others there to hold you accountable. This can be necessary when especially if you’re someone who needs it. Make sure that you’re able to figure out a work structure that benefits you. Do you have the appropriate “workspace”? If not, do you have access to one? Again, ask and answer the essential questions that will help make that transition easier.
- Is your business with investing?
Identifying and fulling your unique selling point will bring your business the longevity you’re looking for. Not only do you want to make sure that you’re good at what you do, but you also want others to know this too. Building up the right reputation before leaving your job, can help ensure an increase of clients once you’ve made that jump. As you’ll be full time, you’ll be able to take on more business. So, your work must be at a higher quality that will leave others wanting more.