Key tax dates and deadlines for 2018/19
It is an inevitable reality that, for anyone earning a livin...
By Jonathan London on 21st January 2015
When it comes to job satisfaction, having a genuine love and passion for what you do is not only important but a huge bonus.
Being able to pursue something that you enjoy doing because you get a buzz from it, find it easy to do or simply just because, is such a fulfilling way to live and seeing as your professional life plays a massive role in what you do, fully enjoying it can only help to raise your overall happiness.
So, if you have ever wondered how you can turn your passion into your profession, then thinking about starting up as a freelancer is the most effective way of doing so.
The first thing to do is realise that your passion can actually earn you money, enough so that eventually it could just shape what you do full-time. If you are an avid Twitter user and find that you manage to get lots of followers with ease, then why not look into becoming a social media consultant?
Should you enjoy putting pen to paper (or fingers to keyboards) and find that you have something of a creative flow, then becoming a freelance writer can be so fulfilling and worthwhile. After all, you are more likely to do a great job of something if you actually love it!
So, what are the first steps to take when looking to making your hobby your profession? Well, we don’t mean to sound negative, but it’s obviously important to actually be good at whatever it is that you want to do. If the idea of being a full-time freelance writer sounds wonderful, but if you don’t know your colons from your semicolons, the chances are you may struggle. If you are going to essentially leave your current employment to pursue your love, then you must be efficient enough to have a chance in succeeding.
If you are reading this, you must already be seriously thinking about making the change so we trust that you have already thought about that bit.
Now begins the serious part – it is time to plan! We cannot emphasise enough how important this is and the more realistic you can be, the better.
Simply writing on a piece of paper that you expect to be earning millions by this time next year isn’t realistic planning and you need to remember that initially you may not have as much work as you hoped for, which could affect your financial situation.
Know where your finances are at the moment and how much you would need to save to be able to ‘go it alone’. For example, can you afford to pay your rent or bills for the initial few months? Should you not get the work you hoped you would as quickly as you though, will you be able to support yourself?
Really take the time to investigate every single possible outcome and factor of freelancing within the particular industry you want to be in. Find blogs and articles online from others who have chosen the same path and try to see what advice is out there. Do some market research and figure out who your target audience will be and how to approach them.
You really cannot plan enough and our advice would be that the more time you spend working such things out, the better, as you only risk falling at the first hurdle otherwise.
It is also worthwhile ensuring that you have some relevant experience within the area. If it is writing that you are thinking of going into, then set up a blog if you haven’t already done so or request to guest write for others. The bigger your portfolio, the better, and the more bylines you can have your name attributed to, the more likely you are to attract work when you become a freelancer.
If you have any holiday entitlement left it is also a great idea to see if you can get a week or two worth of experience in the industry you are wanting to join. We understand that ‘work experience’ may not be what you want to do and a week spent on a beach somewhere sipping on a cold beer is much more attractive, gaining a realistic insight into the industry is invaluable. Plus, you never know the contacts that you will make and if you make a really great impression you may have secured your first potential client.
Whatever route it is that you decide to go down when turning your passion into your work, it’s important to make sure that you get the right help and advice. Our online accounting service will provide you with the not only sound guidance on how to operate your new venture, but it also gives you the tools you need to best manage your finances efficiently so you can spend more time enjoying your work.
Image Credit: RomarioIen via Thinkstock
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