Hello everyone, welcome back to another video it is Francesco here
so guys today's video i'm gonna be dedicating it to the pros and cons of
freelancing I wanted to talk about this one because it's around about the two-year anniversary
I'll actually just pass it to your anniversary of me doing freelancing
And what I wanted to do is sort of discuss some of the things that I've come across
During that period of time talk about some of the benefits and negatives
So if you are considering freelancing, maybe this will give you an outline
and also if you're a freelancer and you're listening along feel free to add some
recommendations in the comments below because again
It's great to have that collective resource for people to understand whether freelancing is right for them
So guys just before we dive in a little word from our sponsor this week's sponsor
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So guys let's dive in to the pros and cons of freelancing let's start with three pros now
The first of the pros is definitely schedule
This is probably one of the most cliche benefits of freelancing being able to manage. Your own schedule is a huge benefit
So your schedule could be mapped to any factor that you wish
whether it's your events or activities you've got involved in and during the day or
Whether you are a night owl or a morning person
It's totally up to you how you work and there's no one breathing down your neck
To finish or clock in at certain periods of time
Now of course for many people this can be stressful
But it is one of the benefits and biggest pros of being a freelancer
so the second Pro is definitely the drive time the commute time is
Dramatically reduced you don't necessarily have to have a commute if you don't want to now
We know some people who work in a co-working space or from local coffee shops, I do this
I work from coffee shops a lot of the time because it tends to boost my productivity when I'm working
But you don't necessarily have to commute or if you do commute doesn't have to be that
strenuous now one of the benefits of freelancing is you can work from home or anywhere as long as it's obviously secure and a good
space for you to work
I actually posted it in for graphing on Twitter about some of the amount of time that can be wasted
When you are driving or commuting to the work place and totaled over the year, it's a huge amount of time
That's built up
Of course a lot of offices and employers are working towards a more of a remote work
Agreement and a course back will benefit a lot of people
But of course the commute time can drag your energy and stress levels up
so guys the third probe here is side project side projects is one of the many benefits of
freelancing separate to some of your work
So for example, if I wanted to start a little project whether it that's a another small company or a YouTube channel, for example
Like this one the YouTube channel here is a side project and it doesn't necessarily disrupt some of your other client work
So that is one of the many benefits of doing side projects moving on to some cons now
Let's talk about three calm loneliness is going to be the first one
Loneliness when you're freelancing can be one of the things that can part and parcel but something you need to consider
obviously when you're working during a day you tend to be a low when that's in coffee shops or
When you're working from home, unless you're in a co-working space obviously, and that could be very
stressful because you obviously like not seeing many people and
You know, it's very lonely
Naturally over the my time freelancing
I've had lonely periods where I've been like actually I haven't seen anyone today and
I'd spent like three days in the house or in a coffee shop and then realized that the only person
Different that I've spoken to would be the barista or even like the post office person who's helping me
So loneliness can kick in and it's definitely one of the cons of freelancing the second con I'd say is cash flow
Obviously you don't get a regular check every single month and that can be stressful. So actually being able to manage your cash flow
So that any late payments come in don't affect whether you're paying yourself or other people or your regular
subscriptions that you use to run your business Orbitz freelancing efforts
So making sure your cash flow is important
You know positive and and always planned ahead can be something very very important
but it definitely is one of the cons you're not getting a regular check when you're in the work place a lot of time you
Know in three months time. I know I'm gonna have this or no
I'm gonna be in the job still whereas with freelancing. You don't necessarily know 30 days or 45 days ahead
So guys the third con that I'd say is definitely jobs and pretty fast when you are freelancing
You're obviously gonna pick up a ton of jobs. I think I've had over
200 jobs in the period of time that I've worked in the last two years, which obviously is great
but you don't necessarily get that satisfaction of
I don't know like
promotion or achievement when you're in the workplace and you're getting promoted by an employer or you're moving up the ranks or
Moving to a new position. There's some novelty about it
But obviously you don't get that when you're a freelancer you tend to just to go through
Jobs a lot of the time unless it's big bigger projects that you work on
Let's move back to a few of the pros the fourth Pro I want to mention is definitely the Aaron sign of stuff
during the day if I want to run errands maybe if I went to the gym or
After the gym went to the shops or then went to the post office and just did like a bunch of errands and then Adam
Now on my day at the end of the day to make up for that
It's definitely a lot
Faster when you do finish work and you were to head to the post office or all of the other stuff
They might be closed
It might be busy and it just might be a bit more stressful, but when you are able to do a few errands
It sounds silly but it does save you time and it's going to be a lot clearer
There's not going to be as many people
I know a lot of people who save all their errands for a Saturday and everyone's doing errands on Saturday
So when you're in town, it gets so busy and that's one of the pros and I found the fifth Pro
I want to mention is the no politics. Obviously when you're in a company, there are politics that you have to play all politics
Dammit, and you have to be aware of and of course that can be pretty stressful
I'm actually with client work there is there's you know, obviously people that you need to communicate with people
You need to keep in touch with but it's less politics based than when you work in a company
I'd say so the sixth and final Pro I want to mention is doing work the way you want to work
so for example as I mentioned earlier around the schedule you can
Map your day to any way that you find the best weather
you want to work all your hours in the evening or you work your hours during the day you can map it to whatever and
You can also choose and select people that aren't necessarily in your local area
I found it working with US companies and
Asian companies that I like has helped my schedule because it means that I can leave a lot of work for the US people
During the end of my day and when I wake up I have some
Asian companies that I work with so it's quite a nice way to work so you can adapt it to whatever structure you like
so the final three cons I want to discuss with you guys is probably
Benefits being the first one of those when you are in the workplace
you do have the natural setup of your tax being sorted out your
Pension being sorts now and even some of your health care being sorted out and some many other perks like Jim
Bonuses and things like that that keep you in the job. You don't have those as a freelancer
So you either have to set them up or you have to actively look for them?
the next con is family and friends to some then when you are a
Freelancer you do appear to be more around or be around the local area and sometimes that can be pretty stressful
because you do get requests for meeting up with people just based on your availability or
Availability in presence when you're around town, so I do find it
I have to try and
stick to a schedule during the day where I don't necessarily meet people during the day because it can be disruptive and it can
Stop your work flow during a day and just making sure that you don't but of course then it's sort of like a bit of
a balance between the social side of it and that so you have to keep a good healthy balance and I do
Occasionally meet people for coffee during the work day because it does
Relax me a bit sometimes and the final con I would say is PC
Security when you are in a job and you're in a situation
Where somebody can manage all of your IT systems and the security there that can be valuable
But when you're on your own you do have to look at managing that
recently, I've installed a VPN to make sure that all of my
public Wi-Fi connections are secure
I found a huge benefit in this and I actually find it to be very valuable to know that I have some form of security
When I'm going about my day
And of course being secure and responsible for all the files and information that you use is very valuable you're dealing with clients
Information and that is really important information. So making sure that you are
Responsible and able to manage with it is very important
And it was hopefully enjoyed some of those pros and cons. Of course
It's a bit of a different video today
If you are considering freelancing, I'd love to hear in the comments below and if you are a freelancer
Feel free to add to these or add your own recommendations your own experiences because it will only help those looking into it
In the comments below anyway guys a huge
Thank you for stopping by today big thanks to Hive our sponsor this week and I will see you guys in a future video
So make sure to subscribe and I'll see you guys very very soon Cheers
You