You will undoubtedly hit obstacles throughout your freelance career. Preparation can help you move through them with greater ease.
Here are the three main challenges a freelance designer may face:
Sporadic, inconsistent income is an obvious—and uncomfortable—aspect of a freelancer career, especially in the early years. But there are steps you can take to manage your finances and give yourself the freedom to grow your business.
Start with savings
It’s always a good idea to put some money away before jumping into your freelance career. This will give you a safe foundation while you build your client base and bring in your first round of revenue. You will also need funding to purchase the building blocks of any business: software programs, marketing collateral and office supplies. But proceed with caution; don’t spend money you don’t have.
Project your cash flow
While you won’t be able to lock down a set date, come up with a rough goal for when you expect to start earning money and roughly how much that will be. Try to predict how many projects you may land and how much money each project will bring you each month and factor in your monthly overhead for your office space, supplies and so on.
That said, don’t worry too much about your finances! Worry and anxiety don't pay the bills, so try to enjoy the ride and have faith that things will work out when you put in the hard work.