Snazzy new logo? Check.
Website? Check. Solid business
plan? Well, sort of.
Just over six months ago, I started a freelance
communications business. With two
decades of industry experience under my belt, including 7 years owning an
agency, I was ready to truly work on my own.
When I shared my plans to go solo with acquaintances, the response ran
the gamut from, “You’ll be surprised how hard it is to make a go of it” to “They’ll
be lining up to pay for your services as soon as you hang out a shingle”. The advice was well-intentioned but not
particularly helpful as the people who provided it were speaking from their
personal experiences which were informed by the economic environment in which their
own freelance endeavours had flourished or floundered.
I didn’t prepare a formal business plan when I started and
it would have been a waste of time if I had because the ups and downs of these two
quarters have helped me clarify the kind of work I truly enjoy, the emerging
trends I need to focus on and the amount of hours I want to spend building my
business and more importantly, my personal brand. I also know that meaningful freelance work
will always be a part of my life, even if I choose to become an employee or
take a contract somewhere.
As I completed my own mid-year review, I challenged myself
to write the five most valuable lessons I’ve learned so far. Here they are:
1. Flex time isn’t
free time – As a freelancer, you need to be hyper-vigilant about carving
out, organizing and protecting your work time.
Sure, you can do your grocery shopping on a Wednesday morning but in
order to meet client deadlines, you’ll probably spend a sunny Saturday afternoon
holed up in front of your computer. The
ability to work when and where you want is a selling feature of the freelance life
but if you’re easily distracted, it’s probably not the life for you.
2. Do what you do
best – When you freelance, there is no workforce, team or department to share
your mistakes, absorb your poor judgement or fix your mediocre work. It’s just you and while it’s tempting to be a
jack of all trades, you need to zero in on your strengths and build your
business around them. Work only with
clients who are a good fit with your skills, approach and expertise and only
accept assignments you know you can excel at.
3. Build your brand
relentlessly - If a potential client Googles you, what will they find? If
you’re a freelance communicator, their search should reveal a current website,
a showcase of your content in the form of a blog or newsletter, a professional
presence on Twitter and Linked In, examples of how you give back to the
industry through volunteering or mentorship.
You need to make time to cultivate a professional reputation that goes
beyond your paid work.
4. Network
strategically – As a sole practitioner, you can spend your life in coffee
meetings. A few will yield paid work
eventually. Others will spark new
friendships. Some will frankly be a
waste of time – time that could have been spent meeting deadlines, building
your brand or learning something new.
Networking is imperative to your success but decide how many hours you
will devote to it and be judicious about how you approach it.
5. Learn to say no
– The word “no” is a freelancer's best friend so learn to use it and use it
with conviction. Say “no” to people who
want you to work for free, family members who need you to pick up dry-cleaning,
work that doesn’t fit your abilities, and endless, drawn-out RFP processes with
minimal chance of success. Learning how
to effectively say “no” will enable you to say “yes” to more of the things that
will make you happy.
Great post, Louise. Those are useful tips for freelancers/entrepreneurs and also for anyone with a job. Make smart choices and focus and be prepared to listen and adapt and you won't go wrong.
ReplyDeleteYou're so right Martin. Many of the lessons of successful freelancers can be used by employees with an entrepreneurial approach.
ReplyDelete