Fired as a Freelancer? It’s Not the End of the World
Getting fired or let go as a contracted employee or freelancer hurts. Your ego is undoubtedly bruised, and you’re likely reeling over the lost income — especially if you’re in your early days of solo entrepreneurship and your roster of clients and consequential projects is looking a little sparse. Know that parting ways with a client, albeit unexpectedly, isn’t the end of the world. It’s possible to set yourself up for success by pre-empting losing a client here and there and to bounce back better than ever when it does with these tips. Here are 6 Tips For Freelancers: 1. Hedge Your Bets with Your Finances First, prepare your finances. Going freelance and branching out on your own has obvious risks, one of which is the financial unknowns. Minimize financial risks by taking a multi-pronged approach to how you manage your cash. 2. Set Money Aside One, automate a contribution of at least 10% of every paid invoice to an account that’s dedicat...