First, ditch the word "freelancer" as you are running a business. The change in mindset is important.
Savings gives you runway and allows you to plan out farther into the future. Try to have at least six months worth of living expenses in the bank.
Network like crazy.
An employee gets approximately 2000 hours of work annually. If you are like me and you can only focus on client work for around 6 hours per day, then 1500 hours will be your ceiling. Subract from that all your downtime (sick time, vacations, dead time between projects, etc.) Set your rate accordingly.
Learn to say no. One bad project can be a disaster for your annual earnings.
Comments
First, ditch the word "freelancer" as you are running a business. The change in mindset is important.
Savings gives you runway and allows you to plan out farther into the future. Try to have at least six months worth of living expenses in the bank.
Network like crazy.
An employee gets approximately 2000 hours of work annually. If you are like me and you can only focus on client work for around 6 hours per day, then 1500 hours will be your ceiling. Subract from that all your downtime (sick time, vacations, dead time between projects, etc.) Set your rate accordingly.
Learn to say no. One bad project can be a disaster for your annual earnings.
Excellent advice about how to scope your hours in terms of your rate. Thanks