Newly Self-Employed

There are tremendous perks to being your own boss. Having complete control over your workflow, work hours and take-home pay is a luxury that people in traditional workplaces are unable to enjoy. However, going into business for yourself is far from a cakewalk. As any seasoned non-employee can confirm, self-employment is rife with trials and tribulations, particularly when you’re just starting out. Not surprisingly, the newly self-employed tend to make a fair amount of mistakes throughout the adjustment phase. Fortunately, by familiarizing yourself with some of the most common blunders made by fledgling non-employees, you can take steps to avoid them.

1. Taking on Too Much Work

When getting their start, many self-employed individuals make the mistake of taking on too much work. Since they’re eager to build up a steady catalogue of clients, it makes sense that non-employees would find it difficult to turn down work. However, taking on too much work can leave you physically and mentally drained – and ultimately compromise the quality of your output, thus drawing the ire of clients. There’s nothing wrong with rolling up your sleeves and working hard, but regularly working yourself to the bone will benefit neither you nor your clients. To find more information about self-employment blunders to avoid, pop over to TheSelfEmployed.com.

2. Overspending

It’s important for fledgling non-employees to tighten their belts whenever possible. Since many self-employed individuals lack regular paychecks, you’d be wise to save when times are good and minimize spending when work is sparse. If you can do your work just as well without additional spending, fight off the temptation to throw around funds that would be better allocated elsewhere.

3. Poor Communication

When you’re self-employed, consistent clients are your greatest allies – and they should be regarded as such. Whenever a client reaches out to you, make a point of responding within 24 hours. Additionally, be as courteous as possible when addressing any concerns or queries clients send your way. The easier you are to work with, the more likely clients are to work with you in the future.

When entering a new line of work, mistakes are bound to be made. This is particularly true in the case of the newly self-employed. If this is your first time being your own boss, it’s only natural that you’d need some time to adjust to this new arrangement. Of course, this isn’t to say that you can’t take steps to avoid the previously discussed blunders. In the quest to minimize rookie mistakes, take care to familiarize yourself with some of the most common ones.