The Feasibility of a Freelancing Business in Uncertain Times
In the difficult and uncertain times in which we are encapsulated at present with the Covid-19 pandemic, one wonders what steps can be taken to ensure financial stability and growth over the medium term ahead, at least. Our economy, and that of the world at large, has been brought to its knees, unemployment is rife, many people are losing their jobs, and businesses are shutting down daily, while others are reducing their staff complement.
Being self-employed as a freelancer certainly is a valid option, but take great care before racing full steam ahead. As is often the case, unfortunately, one comes up with what one believes is a great business idea, with visions of grandeur and dollar signs springing up, ultimately only to fail. This is often because new business owners or freelancers do not perform the very necessary research and a greatly needed feasibility study.