Why choose a freelance business?

Many different kinds of professions are available out there. That makes freelancing different from all others.

Let’s study some of the freelancing pros and cons.

Advantages of Freelancing

• You’re the boss. Everything like your schedule, rates, and which clients or jobs you want to take is chosen by you. If you want to work in pajamas, if you want to take a vacation, or you want to keep traveling, you can — it’s totally up to you.
• You could pay less in taxes. Freelancers can take benefit of more tax deductions on meals and travel.
• Make more money. A high risk, high reward. Your salary could be whatever you want it to be. It all comes down to how much you charge and how often you want to work.
• You have a better work-life balance. Instead of rushing to the gym over your lunch break, you can take an hour to work-out whenever you want. When freelancing, you can work whenever you want and live wherever you want … it doesn’t have to follow a typical 9-to-5.

Disadvantages of Freelancing

• You’re the boss. Yes, I said this twice. When freelancing, you have to make all the decisions and do all the work. You’re not simply an employee of a firm; you are the firm.
• You have to organize your own benefits, taxes, and accounting. Freelancers don’t have employers to maintain and provide benefits, taxes.
• If you don’t work, you don’t make money. Certainly, you can take a three-week vacation, but you won’t make any money while you’re gone. As a freelancer, your time is money.
• Instability can interrupt your work-life balance. A freelancer’s life is filled with lots of uncertainty, the biggest is that where your next paycheck might come from.

Read the complete article here.