Is freelancing the right career choice for me?

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If you’re thinking of joining the gig economy or freelance world, many of you probably asked that question. I did. It’s not for everyone but for close to 2 million canadians, it’s a viable choice. Before taking the plunge it is worth looking into the pros and cons of freelance or contract work versus full-time employment.

Which situation is right for you depends on your personality and your capability to deal with what we call the feast & famine cycle. If you don’t like the idea of worrying about the next paycheck, than full-time employment is your best option. Some people prefer the security of a regular income, health benefits, paid vacations and in some cases, a company pension plan.

Freelancing is a good fit for you if; you like working for multiple companies or clients. You don’t stress in a situation of work instability and you are a well organized person the take on your own business tasks (taxes, self promotion, internal and client management). You see a motivating challenge in finding your next gig instead of a cause for concern. Self motivation is an important part for your freelance success.

This infographic demonstrate what you’re getting into.  

https://www.themuse.com/advice/25-surprising-facts-about-freelancing

Now it’s time to decide which career path is right for you. Both scenarios have some positive and negative aspects that make it impossible to say which one is a better fit than the other. It depends entirely on your personality and what you want from your work life.

So make sure to do a good self-evaluation to understand who you are and what you want. After a period of consideration you will be able to see which situation (freelancing or full-time employment) is the best choice for you.

In my next blog we will evaluate the importance of having a good network.