Should I Quit My Job to Freelance? [The Pros & Cons]

So, you’ve been hearing a lot about freelancers who are killing it, living the high life by being their own boss.

That sounds mighty good, seeing how you dislike your job and seek a healthier work-life balance, right?

Still, you know it’s wise to consider the pros and cons of your 9-to-5 job before you type up your resignation letter and quit to embark on a freelance career.

What is Freelancing Anyway?

A freelance worker is essentially an individual who performs a service for a business at a predetermined rate and not as an employee of that business. Freelancer rates are often hourly or project based but can also be per day or task.

Consultant, independent contractor, or contract worker, are other terms for someone who freelances. Freelance opportunities may be listed as contract work, contract to hire, contract consultant, or freelancer jobs.

Self-employed freelancers enjoy the ability to work for as many different companies as they wish, at a rate they negotiate, instead of being tied to one employer.

Other independent contractors not interested in establishing their own business and all that it involves may use an agency to subcontract them out to other companies. Well know agencies include Kelly, Robert Half International, and Kforce, but numerous agencies exist.