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5 essentials that every freelance business requires to get started

5 essentials that every freelance business requires to get started

Starting work as a freelancer is more common than what it used to be. With the flexibility of hours and being able to manage your own time, it’s a much easier option than working your standard 9-5 office job. If you’re ever considering going freelance, there are a few ways you can help yourself to work easier with these simple must-haves for your business.

Acquiring Your Business License

Be sure to understand the guidelines with regards to your business licensing. This is all dependent on the property in which you work in and where you are. Home-based businesses will have strict rules regarding how your business is operated. To save any fines occurring, in the long run, make sure you research which permits or license you to require.

Set Up A Business Bank Account

You’re unable to use your personal account as used for income from a business. Doing so runs the risk of it being closed down by the chosen bank. Opening a business account provides easy access to your account and you can easily set money aside from the account when your tax returns need to be submitted.

Time Management Tools

A freelancer has the flexibility to work in their own hours and when they feel suits best. As you don’t have a set timetable it’s good to use software to help you manage your time easily and keep on top of your assignments. There are several tools out there that can help with deadlines, appointment reminders, marketing tracking and other aspects of time management. Google is a great tool to have, mainly because it’s free. Utilise the calendar and mail services they provide which will be easily accessible to any clients.

Sort Your Business Insurance

Although you want to save as much money as possible being a freelancer, setting up your business insurance is a must. The last thing you’ll need is a claim made against you with the expenses being forked out because you weren’t covered for the accident. There are several insurance brokers such as Caunce O’Hara who you can contact to receive a quote from. Just be sure that you’re acquiring the one that suits your needs. The most common form of insurance that freelancers tend to take out is professional indemnity insurance. This helps to cover you against professional negligence.

Internet Connections

This may not seem like a major priority but being a freelance worker you should make sure that your internet speeds are up to scratch. You’ll be in regular contact with clients where you may use video calling for example. It wouldn’t be ideal if you’re unable to regularly connect with them in case they have questions. Similarly, you need to be able to perform your work efficiently so you wouldn’t want the internet speed holding you back.

It can appear overwhelming when first starting out as a freelancer, but remaining organised and on top of your schedule means that you’ll be able to enjoy the more important aspects of the job with rewards occurring in the long run.

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