5 Essential Articles on How to Freelance While in a Full Time Job
Through tough economic times, it is becoming more common for freelancers, especially among the young, to work on a freelance enterprise while also holding a full time paid job. Whether for financial security, or to simply make ends meet, more and more people are “gigging on the side” instead of working independently full time.
In 2015, 255,000 freelancers had second jobs in Britain, around 13% of the freelance workforce
The Association of Independent Professionals and the Self Employed (IPSE) estimated that in 2015, 255,000 freelancers had second jobs in Britain, around 13% of the freelance workforce. While only 10% of freelancers are under 30, the proportion is noticeably higher among freelancers with a full time job, at 17%.
This can be a demanding lifestyle, and may not be attractive to everyone, or all employers. So to take you through everything you need to know about freelancing as a second job, here Curve’s list of the 5 essential articles on freelancing while in a full time job:
Before you can start freelancing on the side, you have got to decide whether doing so is best for you. Having a full time job while freelancing on the side can boost your security and earnings, but seriously soak up your spare time.
Well look no further, as Career Foundry has put together a comprehensive guide to the advantages of freelancing with a full time job, from client building to the peace of mind that comes with knowing that if it all comes wrong, you still have a job to fall back on.
On the other side of the coin, you should also be aware of the risks that come with freelancing on the side.
Keep your freelancing and full time job separate, know workplace policy on second jobs, and don’t promise clients more than you can deliver
Don’t worry though, as Andrew Rosen at Jobacle is on hand with a useful checklist of pitfalls you need to be aware of and avoid. Keep your freelancing and full time job separate, know workplace policy on second jobs, and don’t promise clients more than you can deliver.
Working a normal job but want to jump straight into freelance work on the side? Take a step back.
As Brent Galloway at Your Freelance Career writes, it isn’t usually so simple. Plan ahead, know what you plan to do, who you plan to target, and how much time you plan to devote to your freelance enterprise.
Although a more reliable source of income is a great boost to any freelancer, also be aware that with a 9 to 5 job, your time is restricted, and so is your flexibility when it comes to dealing with clients. Make sure you are on top of your plan and your work.
One of the extra complications you will have to deal with while holding a full time job while freelancing, is that in the eyes of the government, you are both employed and self-employed simultaneously, which can complicate all things tax a bit.
Avoid getting in a twist with this comprehensive guide from Crunch on how to navigate the tax system, and to stay on the right side of the law.
So you’ve taken the plunge and are working freelance while holding a 9 to 5 job. You’ve made a plan, sorted your tax, and your employers are happy with your current arrangement.
But what next?
"If you can only manage three hours of work during the night, you need to have that in mind before you accept projects that will require more time than you can devote"
Hongkiat have a very handy one-stop guide to freelancing in your spare time, setting out best practice, and the most effective and efficient means to manage your time, job, and freelance career.
But don’t overlook your finances. Curve allows you to switch between company, freelance, and personal accounts effortlessly, bringing together all your cards in one with the Curve app.
Got some articles that you think would be great in our round-ups? Get in touch with us on Twitter and let us know!
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