Whether you plan to piece together a full-time-equivalent income through independent contractor gigs, or simply wish to earn side income, working as a freelancer is a great way to explore your personal creativity, pursue new professional relationships, boost your self-confidence, and build your soft skills.
Freelancing is also a great way to create professional headaches. Freelancers are independent contractors, meaning their client relationships are fundamentally different – and, in many ways, less secure – than traditional employer-employee relationships.
Every contractor-client relationship presents risks for both parties. However, you can greatly reduce the most serious risks associated with freelancing – including nonpayment and legal action – by negotiating and assenting to formal, written contracts for every project you take on.