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Understand the Hidden Costs
Remote.co noted that its essential tounderstand the potential hidden costsof a freelance business.
When you leave your job, youll be faced with new expenses that will impact your bottom line.
When you quit your job, your expenses will also increase, and you cant ignore this.
Remember, theres no holiday tick or sick pay when youre the boss.
Remote.co also expressed that building up your savings will help reduce the stress of a major professional shift.
The amount that you should save up will depend on your personal situation.
Youll want to review your personal expenses and know your business numbers.
However,if you could work from homewhen youre self-employed, you could save money on the commute.
This brings us to the next point.
You get paid through your check at a specified time when you work for a company.
This is why youll want to diversify your income and have multiple ways of getting paid.
He believes that youll be surprised just how much business this could bring you.
Find a Community
Burton noted how the self-employment journey can feel isolating, especially when first starting.
Youll want to surround yourself with others who get it through mentoring, masterminds or groups.
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