Additional menu

How to Run a Successful Freelance Business

Running a freelance business seems like a lot. After all, you are a business of one as a freelancer! As a result, you are in charge of:

  • Finding clients
  • Marketing yourself
  • Posting on social media
  • Creating contracts
  • Sending invoices
  • Collecting payments
  • Completing work on time

However, you have tons of helpful tools for successfully running a freelance business. These tools take a lot off of your plate and automate many of the tedious tasks.

For example, QuickBooks Self Employed tracks income, expenses, creates invoices, and handles taxes. Additionally, social media tools like Edgar automate your posts so you don't have to constantly be posting.

Daily, you will work with clients. Some clients will be more difficult than others. For instance, clients move up deadlines, ask for more work, and disagree on payment. In this case, a contract has your back. Your freelance contract clearly states the job, deadline, and payment amount. Consequently, it saves you when dealing with difficult clients. Therefore, it is important to always have a  contract. You can find freelance contract templates online.

In addition, running a freelance business involves:

  • Taxes
  • Invoicing
  • Bookkeeping
  • Insurance
  • Budgeting
  • Rate setting

You also need a business plan. It does not need to be in-depth. A simple one-page business plan will suffice. Moreover, your business plan keeps you on track. Plus, it takes the guesswork out of running a freelance business.

In the beginning, it seems like a lot. Later, it becomes simpler as you gain experience. Plus, software, apps, and contracts help you with running a freelance business. Eventually, much of your business will run itself.