cheapbag214s
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 Posted: Mon 1:31, 02 Sep 2013 Post subject: Should I stick with IT job or freelance IT Tech |
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Should I stick with IT job or freelance IT Tech,[link widoczny dla zalogowanych]
So I've been working for xyz company for 4 years and lets just say I don't agree with a lot that they do as I learn more about PC repair. I would like to work as a freelance, but I fear it may not work out. I don't have much debt and I would like to move on to something else to where I can make more money. Currently I am making about $13/hr,[link widoczny dla zalogowanych], which is decent in this area,[link widoczny dla zalogowanych], but I would like to make more. I have been looking for a replacement job for months now, but I keep getting shutdown because I don't live in the areas that I want to work in. I'm just needing some input on what you guys think or people that already do freelance work.
I have been in your shoes and have tried my hand at freelancing. You are basically trading the security of a constant paycheck for the potential to make more money. It's do-able,[link widoczny dla zalogowanych], but it takes a lot of work. Keep in mind that while you'll be keeping a larger amount of the fees charged to the customer (don't forget that you have to pay taxes as a freelancer), you'll likely have much less billable hours until you build up a client base.
You basically have to sell yourself to each potential customer. Simply undercutting the competition is sometimes (often) not enough; you have to convince your customers that you're reliable, you can be there when they need you,[link widoczny dla zalogowanych], and you can fix the problem the first time.
You'll want to have as many clients lined us as possible before leaving your own job. You also want to make sure that you are not sniping your previous employer's clients,[link widoczny dla zalogowanych], as it may open you up to legal action. Expect half of the customers you've lined up to disappear. It's a pessimistic view,[link widoczny dla zalogowanych], but it does happen. I'd recommend having enough savings to live for at least 6 months with next to no money coming in.
Now it may seem like I'm really negative about the idea, but if you can pull it off it can be incredibly rewarding. Not just financially, either. If you enjoy working with clients and can develop a good rapport with them,[link widoczny dla zalogowanych], you can do quite well. It's just not for everyone.
My only other suggestion is to get a business license. Don't just be a freelancer, be an entrepreneur. Document everything and save everything.
I have been in your shoes and have tried my hand at freelancing. You are basically trading the security of a constant paycheck for the potential to make more money. It's do-able, but it takes a lot of work. Keep in mind that while you'll be keeping a larger amount of the fees charged to the customer (don't forget that you have to pay taxes as a freelancer), you'll likely have much less billable hours until you build up a client base.
You basically have to sell yourself to each potential customer. Simply undercutting the competition is sometimes (often) not enough; you have to convince your customers that you're reliable,[link widoczny dla zalogowanych], you can be there when they need you,[link widoczny dla zalogowanych], and you can fix the problem the first time.
You'll want to have as many clients lined us as possible before leaving your own job. You also want to make sure that you are not sniping your previous employer's clients,[link widoczny dla zalogowanych], as it may open you up to legal action. Expect half of the customers you've lined up to disappear. It's a pessimistic view,[link widoczny dla zalogowanych], but it does happen. I'd recommend having enough savings to live for at least 6 months with next to no money coming in.
Now it may seem like I'm really negative about the idea,[link widoczny dla zalogowanych], but if you can pull it off it can be incredibly rewarding. Not just financially,[link widoczny dla zalogowanych], either. If you enjoy working with clients and can develop a good rapport with them,[link widoczny dla zalogowanych], you can do quite well. It's just not for everyone.
My only other suggestion is to get a business license. Don't just be a freelancer, be an entrepreneur. Document everything and save everything.
Thanks that helps out a lot. I wouldn't be taking any customer's with me,[link widoczny dla zalogowanych], but if I start a business I cannot start out small and work on my own hours?? example I work 9-6 and from 7-10 just do minor jobs so I can build up? I know I did not sign a no compete,[link widoczny dla zalogowanych], but if my boss catches wind that I'm working on the weekends or after hours I could get fired. Also I know that a no compete agreement exists,[link widoczny dla zalogowanych], but it is just ridiculous terms such as I cannot start up a business within 300miles for 4 or 5 years. I am not sure how much legally binding those non compete forms are that are hastily written in MS word. Again I am sure I did not sign this. Also there isn't an employee handbook. I was told if a no compete exists and if I didn't sign one then I could still be bonded to it?? (This part was iffy to me) I am still seeking legal advice. Lets just say I cannot stand my job, but I save face for a good reference. This job is so shady in some areas that if I were to leave my future former boss would just mud-sling me and do other shady things to run me out of business. Example an ex-coworker started a business and the boss instructed us to click on his Google ad so he would be charged more. Also told us to do this frequently and tell others to as well to run up his bill.
I'm kind of in a similar situation. Though I enjoy my job and it pays well,[link widoczny dla zalogowanych], it will be up for renegotiation next May. All is swell and good except that currently my position is funded by the government and come May it won't be. Which means pay cut and probably loss of benefits.
So, I'm starting to build my own business in preperation. If you end up being able to get around the no-compete or are able to move and start your own business, I recommend getting an LLC. If you do it yourself,[link widoczny dla zalogowanych], it is fairly cheap ($77 in Louisiana).
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