Are you qualified to be a freelancer? Take the quiz

You graduated college, worked a few years in corporate, you built up a small cache of clients, and now you are ready to take the leap into the world of freelance self-employment. Right?

You’re not alone. Approximately 1/3 of the US workforce identifies as freelance.  Those freelancers log more than 1 billion hours per week (sources: Forbes, Upwork, websitebuilder.org).

Do you think you have what it takes to join the freelance nation and join the fastest-rising career choice in the US?  Here’s a quick quiz to see if you qualify.

 

Click a question to see the correct answer

Correct Answer: No

As a freelancer, you are effectively a business owner. Sure you run the daily operations, but you are not your own boss.

In order to be successful, you’ll have to accept that your clients are now your bosses which means every time you take on a new client, you add one more person you report to.

This way of thinking will become crucial when it’s time to make key business decisions like setting pricing models and how many projects you want to take on at once.

Correct Answer: No.

I mean technically you can work whatever hours you want, but if you’re serious about full-time freelancing, then forget 40-hour work weeks. 

Think somewhere in the neighborhood of 70 hours. That includes late night work sprints to meet deadlines, and web meetings with clients in other countries. 

Correct Answer: No.

Whether it’s working with a client who has weekend hours or catching up on neglected administrative tasks like billing and research, you’ll be working weekends.

You can set limits on what you’re willing to do on weekends, but be upfront about it or include it in your project scope documents.  This way you set expectations with your clients. If you do commit to client work on weekends and you don’t show, it could cost you.

Outsource certain business tasks wherever possible. Sites like Fiverr have great resources for doing just this. If you’re clever enough, you might be able to sneak out early on a Sunday for grocery shopping.

The point here is that you should always be thinking about ways to move the needle forward. That includes weekends and holidays.

Correct Answer: Maybe one day.

If you’re goal for switching to freelancing full time is to make a cool million in the first year or two then, as they say: “don’t quit your day job”.

The reason freelancing is often referred to as a “side hustle” is because many people do it to supplement a full-time income.

If you do plan to go full time, you should have at least 6 months of income saved up for living expenses like rent and food.

Many freelancers pick up a part time job or two until they establish a steady cash flow. 

Pro Tip: Look for a part time job that pays benefits like health care. This will save you a lot of money. Starbucks (starbucks.com/careers) and UPS (jobs-ups.com) are good examples of companies that offer good part time benefits.

Correct Answer: No.

Freelancing is an adrenaline rush. A daily grind.

It’s chasing work around like you’re hunting for food (because you effectively are).

It’s working out of your car or on the train or in a coffee shop.

It’s constantly needing to be in three places at once.

Unless you’re business is lounging like the guy who made a million dollars by literally sitting on the beach all day wearing t-shirts emblazoned with company logos, then you probably won’t be taking any vacations in the near future.

Don’t be discouraged if you failed this quiz. These are the exact questions I ask at the beginning of my workshop to see who stays. 

If you read the correct answers above and you still want to become a full-time freelancer, then you won’t be sorry. It’s a lot of work, but it beats the 9-5 any day. 

If you have questions, don’t hesitate to email me at mark@jaxandcole.com!

Cheers,

Mark