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Pros and Cons of Freelancing

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Maria Korina Bertulfo

Freelancing provides flexibility but also comes with challenges. The pros of freelancing include being your own boss, choosing your own clients and projects, and setting your own schedule. However, the cons include potential isolation, inconsistent cash flow from juggling multiple clients, and lack of company benefits like health insurance and paid time off. Freelancers must also manage administrative tasks like invoicing themselves and may have no backup if they get sick or injured.

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PROS AND CONS OF ONLINE FREELANCING
PROS Freedom with a flexible schedule, hours and location Ownership: you are the boss Selectivity with clients/choosing who you want to work with Unlimited earning potential No commute/no commuting costs Getting to pursue your passion projects
PROS No office politics, annual performance reviews, office dramas, etc Casual work attire (sweatpants, anyone?) Tackling a variety of projects and clients Choice and Variety Scheduling Sleep In
PROS Cut back on the Commuting Time Take your Office with You Let the creativity flow Time of Day Salary/ Hourly Rate Great work/ life balance
PROS Flexible work schedule and skill development opportunities Reduces risk of being laid off Less Stress You get to be your own boss The money is better You get to work on a variety of projects
PROS You get to work from anywhere You don¡¯t have to make the leap straight away You decide when you want time off Your earning capacity is controlled by you You keep all the profit Proximity to home and family
PROS More productivity Better health Improved employee retention Access to wider pool of applicants- ex: disabled people Increased staff motivation Your office, your way
PROS Rule your time Scheduling is according to convenience Developing the independence Being in touch is very easy More focused on work No need to worry about making it on time
CONS Feeling isolated Hustling 24/7 for new gigs Inconsistent work and cash flow Juggling multiple clients Instead of having one boss, you have several clients to answer to No paid time off, no maternity/paternity leave
CONS No company-sponsored health benefits, like health card No one to back you up if you're sick or injured Feeling scattered/unfocused and lacking structure Sporadic Payment Schedule and Amount Health Insurance/ Health Benefits Separation of Work from Home
CONS When do I get paid? Benefits Anyone? Distractions! Distractions! Are you writing for yourself? How long will this last? Staying professionally relevant.
CONS Meeting deadlines Lack of clear direction/ path Loneliness Lack of structure Having that ¡°new job¡± feeling a lot Needing to be on the ball
CONS A different approach to promotions Friends and family always thinking you¡¯re always around The admin pile for yourself - invoices, expenses, tax, etc. You do less of what you really like doing You have to manage your self You have a lack of security
CONS You don¡¯t own your work Freelance work can be unreliable You need to work at finding your own clients It can be hard to take time off You have no one to talk to Variable workloads and income
CONS Unique Ethical considerations Round the clock coverage Accountability Entertaining Clients Long Hours Initial Cash Investment
CONS Lack of Job Security Administrative Responsibilities Client Development Distractions Not ready or reliable workload Distinguishing between work and personal time
CONS A lot of legwork The risk of not getting paid/ scammed No employer benefits You have to wear a lot more hats You have to deal with inconsistent cash flow You are responsible in finding your own work
CONS Competition Work doesn¡¯t end Alienated from daily company developments Danger of being overlooked for promotion Need for high self-discipline Difficulty monitoring performance
CONS Performance Issues Cost of working from home Problems with staff development Information security risk Increased telecommunications costs Communication problems
CONS Decreased staff morale Not all jobs suit home working Getting only to job mood Missing company¡¯s developmental activities

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Pros and Cons of Freelancing

  • 1. PROS AND CONS OF ONLINE FREELANCING
  • 2. PROS Freedom with a flexible schedule, hours and location Ownership: you are the boss Selectivity with clients/choosing who you want to work with Unlimited earning potential No commute/no commuting costs Getting to pursue your passion projects
  • 3. PROS No office politics, annual performance reviews, office dramas, etc Casual work attire (sweatpants, anyone?) Tackling a variety of projects and clients Choice and Variety Scheduling Sleep In
  • 4. PROS Cut back on the Commuting Time Take your Office with You Let the creativity flow Time of Day Salary/ Hourly Rate Great work/ life balance
  • 5. PROS Flexible work schedule and skill development opportunities Reduces risk of being laid off Less Stress You get to be your own boss The money is better You get to work on a variety of projects
  • 6. PROS You get to work from anywhere You don¡¯t have to make the leap straight away You decide when you want time off Your earning capacity is controlled by you You keep all the profit Proximity to home and family
  • 7. PROS More productivity Better health Improved employee retention Access to wider pool of applicants- ex: disabled people Increased staff motivation Your office, your way
  • 8. PROS Rule your time Scheduling is according to convenience Developing the independence Being in touch is very easy More focused on work No need to worry about making it on time
  • 9. CONS Feeling isolated Hustling 24/7 for new gigs Inconsistent work and cash flow Juggling multiple clients Instead of having one boss, you have several clients to answer to No paid time off, no maternity/paternity leave
  • 10. CONS No company-sponsored health benefits, like health card No one to back you up if you're sick or injured Feeling scattered/unfocused and lacking structure Sporadic Payment Schedule and Amount Health Insurance/ Health Benefits Separation of Work from Home
  • 11. CONS When do I get paid? Benefits Anyone? Distractions! Distractions! Are you writing for yourself? How long will this last? Staying professionally relevant.
  • 12. CONS Meeting deadlines Lack of clear direction/ path Loneliness Lack of structure Having that ¡°new job¡± feeling a lot Needing to be on the ball
  • 13. CONS A different approach to promotions Friends and family always thinking you¡¯re always around The admin pile for yourself - invoices, expenses, tax, etc. You do less of what you really like doing You have to manage your self You have a lack of security
  • 14. CONS You don¡¯t own your work Freelance work can be unreliable You need to work at finding your own clients It can be hard to take time off You have no one to talk to Variable workloads and income
  • 15. CONS Unique Ethical considerations Round the clock coverage Accountability Entertaining Clients Long Hours Initial Cash Investment
  • 16. CONS Lack of Job Security Administrative Responsibilities Client Development Distractions Not ready or reliable workload Distinguishing between work and personal time
  • 17. CONS A lot of legwork The risk of not getting paid/ scammed No employer benefits You have to wear a lot more hats You have to deal with inconsistent cash flow You are responsible in finding your own work
  • 18. CONS Competition Work doesn¡¯t end Alienated from daily company developments Danger of being overlooked for promotion Need for high self-discipline Difficulty monitoring performance
  • 19. CONS Performance Issues Cost of working from home Problems with staff development Information security risk Increased telecommunications costs Communication problems
  • 20. CONS Decreased staff morale Not all jobs suit home working Getting only to job mood Missing company¡¯s developmental activities