There’s no question that freelancing can be a very rewarding experience. You get to be your own boss, set your own hours, and work on projects you’re passionate about. However, one of the drawbacks of freelancing is the stress that comes with it. In this blog post, we will discuss some of the most common sources of stress for freelancers and offer some tips for coping with them.
Finding Enough Work
Freelancers often have feast or famine periods when it comes to work. One month you may be overloaded with projects, while the next, you may find yourself scrambling to find your next client. This inconsistent income can be very stressful, primarily if you rely on freelancing as your main source of income.
Create a Budget
A top tip is creating a budget and sticking to it no matter what. You’ll need to be extra strict about saving during the feast periods so that you can get by during the famine ones.
Setting Up Shop
Freelancers have a lot of expenses, such as buying and maintaining equipment, renting an office space (if applicable), paying for website hosting, etc. This can add up quickly and leave freelancers feeling stressed out when they see their bank account dwindling away without any clients insight.
Wait or Share
Don’t spend money on things you don’t really need right now – wait until it becomes clear that your business is going to take off before investing in big-ticket items like office furniture or camera equipment. If possible, try negotiating deals with other freelancers who may have similar needs – for example, you could share an office space or swap skills to save on costs.
Freelancers often have to wear many hats, from accountant to marketer to salesperson. This can lead to a lot of time management stress, as it’s difficult to know how to prioritize tasks and make sure everything gets done.
Prioritize and Organize
One way of overcoming this is by making a list of priorities and try to stick to it as closely as possible. Next, break down big tasks into smaller, more manageable steps so that they’re less daunting. And finally, learn how to say no – there will always be other things you could be working on, but you need to set boundaries to maintain your sanity.
This one is pretty self-explanatory – freelancers often worry about getting paid for the work they’ve done, especially if it’s been a long time since they’ve received a payment.
Alternative Payment Methods and Agreements
Try to get 50% of the agreed-upon price upfront, and always use a contract that outlines what will happen in the event of late or missed payments. If possible, have an alternate form of payment ready such as PayPal or BitCoin, if your client runs into financial trouble. Finally, keep track of your invoices and payments, so you always know where you stand financially.
Finally, one of the most challenging aspects of freelancing is self-doubt. Freelancers are often their own worst critics, and it can be challenging to silence the negative voices in your head. However, it’s important to remember that everyone struggles with self-doubt from time to time, even successful freelancers!
Freelancing is a rewarding experience, but it also comes with its share of stressors. The best way to cope with these stresses is by practising self-care and maintaining healthy habits like exercise, good nutrition, quality sleep patterns, positive thinking, meditation, cbd, etc. By taking care of yourself first, you’ll feel better equipped emotionally and physically to handle whatever challenges come your way as a freelancer.