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It is a very liberating moment when you decide to become self-employed. You can have a much bigger say in what you do, and you are banking on yourself. There are several things that you need to know before taking this step. Learn more by reading on.
You Need To Get Organized
Remember that all the responsibilities for you and your limited company are your problem. Set out your daily working schedule and stick to it. Make a list of every task that you need to complete every day. Look for ways to make organization easier for yourself.
You Need To Hustle
Research the field that you are jumping into. Remember that record numbers of people are becoming self-employed. Look at what your competition is doing to improve their profile and pitch for work. Get used to cold-calling clients and learn how to take rejection. Use your existing network and tell your acquaintances that you are looking for work. Chase up outstanding replies and let people know what you can do.
You Need To Watch Your Finances
Think about what you can do to give yourself a financial cushion. Set an income target for each month that will allow you to meet your financial responsibilities. Research insurance options to protect you in case you are unable to work due to injury or illness. Remember that you also need insurance if your work involves other people’s property or any employees. Find a pension plan that gives you the flexibility you need. Consider a self-directed SEP IRA as it allows you to alter your contributions depending on how your business is doing. Stay up to date with the SEP IRA contribution deadline and other terms and conditions.
You Need A Web Presence
Build a website that allows you to showcase your experience and expertise. Make it easy for people to contact you with queries. Feature examples of your work where you can. Ask clients and other people you have worked with for reviews and testimonials. Update it with experience and blog posts featuring your knowledge and personality regularly. Look at different social media platforms to see which ones could benefit you most. Make professional accounts to boost your profile. Engage with people in the same industry.
You Need To Care For Yourself
Take breaks just as you would if you were working in an office. Take steps to combat burnout. Stop working at the same time every day and do not check work messages after that. Use a work phone to avoid temptation to continue working. Keep your weekends for yourself. Look for help if you are getting overwhelmed by work.
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