Starting your freelance business

January 23, 2015

All entrepreneurs start their new businesses by banking on their own skills, knowledge and expertise. Most develop business models, acquire workers and other necessary resources, and then begin working. Freelance entrepreneurs have an advantage over others of their ilk: they only need to hire themselves and market their own skills. Becoming a freelancer might sound like a daunting task, but it is the simplest way to get your foot into the business world as an entrepreneur. Here are some questions to get you started on your own freelance business:

What are your skills?

 If you are working you probably have a skill that someone is paying you to use. Whether you are a writer, a designer or an administrative assistant, you provide services that employers consider worthy of monetary compensation. If you take that skill and, instead of using it for a large business, offer it to individuals, you become a freelancer, and you are one step closer to starting your own business. While taking an inventory of your skills make sure you stop and think about what your expertise is worth. When you know your true value you know what you should charge.

Where are your clients?

 For beginning freelance business owners, the internet is the best bet for clients. Freelance job boards have thousands of listings of individuals looking to hire people to work on projects or provide services. It’s all about gaining access. Once you have a handful of clients you can start building a relationship with them. The more work you do, and the better you get, the faster word will spread.

Planning to incorporate? 

Once you have gotten the ball rolling, start thinking about incorporating your business or forming an LLC. Planning ahead can be the key to a successful freelance business endeavor. Do you know where you are going and where you want to be?

Starting a freelance business might seem impossible at first, but once you begin to recognize how many of the tools are right in your hands you will be able to see why freelancing is the right option for many budding business starters.