Become Your Own Boss and Start a Freelance Career in 2020
The gig economy is booming, which has led more and more companies to invest in freelancers and contractors for jobs. Whether it's a one-off project or consistent, low-touch work, businesses trust freelancers to deliver high-quality work for less cost than a full-time employee. That means there's a lot of work out there for freelancers, you just have to know how to take advantage. The Complete Freelancer Master Class Course can help.
1. Determine Why You Want to Be Your Own Boss
Why do you want to be your own boss?
This is an important question – the writer Christopher Morley said, “There is only one success: to be able to spend your life in your own way.” So, what’s your way?
Perhaps you want to:
1. Earn more money
2. Create the freedom to live and work anywhere in the world
3. Develop a flexible work schedule so you can spend more time with family
4. Do work you’re interested in and enjoy
5. Pursue a passion
Here’s why this matters: When you know why you want to be your own boss, you’ll be able to design your ideal life – and then make it happen.
For example, if you want to become a digital nomad, you may want to avoid businesses that require you to be in the same timezone as customers (because 3 am Zoom calls from Indonesia aren’t much fun…).
In summary, there are many pros and cons of being your own boss. Figure out what you want most and what you don’t mind compromising on.
2. Evaluate Your Situation and Skills
Before you can get to where you’re going, you need to know where you are.
So, take stock.
Here’s what to do: First, evaluate your situation and how it will affect your ability to be your own boss. For example:
1. Do you have a family to support?
2. How much are your monthly outgoings?
3. Do you have some savings to fall back on?
4. Do you have any money to invest in your new business?
5. How much time can you devote to learning how to be your own boss?
6. What responsibilities take up lots of your time (e.g., studies and children)?
Get clear on your situation. Then, evaluate yourself:
1. What skills do you have?
2. What are your strengths and weaknesses?
3. Do you find it difficult to stop procrastinating?
Be honest with yourself – you need to know what you’re working with.
But don’t beat yourself up.
It doesn’t matter what your situation is – you can improve it and become your own boss. As the tennis champion Arthur Ashe said, “Start where you are. Use what you have. Do what you can.”
3. Choose a Business Model
There are countless “be your own boss jobs” out there.
But when starting out, it helps to choose a tried-and-tested business model – after all, why reinvent the wheel?
So, if you’re looking for “be your own boss ideas,” here are three of the best ways to be your own boss with no money:
Freelancing: Are there any services you can provide with your current skill set? Freelancing is one of the best ways to be your own boss. However, it can take time to develop your skills and increase your income.
Consulting and coaching: If you’re an expert on a topic, you could become your own boss by selling your knowledge and experience. Plus, once you’ve established yourself as an authority, you could also start selling information products.
Ecommerce: If you’re new to business, you could use a service like Shopify to set up an online store and be your own boss selling products. Plus, if you don’t have money to invest upfront, you can start selling products for free with Oberlo.