Living

10 Tips I Wish I Knew When I Became My Own Boss 5 Years Ago

publishedJul 29, 2022
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When I left my last full-time job to become a full-time freelance writer nearly five years ago, I knew exactly what I wanted out of this career move. I wanted to work on meaningful projects for the talented editors and amazing publications I adored. (Here’s looking at you, Apartment Therapy!) I wanted the autonomy and freedom to tell the storiesIwanted to tell the way I thought theyshould被告知。我想结交志同道合的人ho took the leap of faith to lean into their callings.

But, vision aside, did I know what I wasactuallydoing? Of course not. I’d spend my days aimlessly hopping from coffee shop to coffee shop, which in hindsight isnotproductive. I had no idea how to structure my days or set my rate. And, even though I had written for national publications at my full-time jobs, I wasn’t totally sure how to find new clients.

Fortunately, a lot has changed since I’ve first became my own boss. Not only have I worked for dozens of amazing publications, but I’ve also talked aboutbeing your own bossin articles, on podcasts, and during online courses. Suffice it to say, I have learneda lot在过去的五年中,我传授一些my favorite lessons to you. Whether you want to start a side hustle or leave your nine-to-five job, there’s bound to be a boss move for everyone.

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Tip 1: Being your own boss is not for the faint of heart.

A few years before I went freelance, I grabbed coffee with a work acquaintance who was going back to the corporate life after being her own boss for a few months. “It’s justreallyhard,” she told me. Back then, I didn’t understand how being self-employed could bethatdifficult. (After all, aren’tyouthe one setting the schedule?)

Years later, I completely understand what she’s talking about. Unless your business has passive revenue streams, like affiliate links or a webinar, you need to grind to make bank. (Yes, that means you might work nights, weekends, and vacations — I’ve done all of the above many,manytimes.Work-life balance? I don’t know her.)

Blame it onthe Great Resignation, but I think being your own boss is often considered an “easier alternative” to being a full-time employee. And, though being able to work from anywhere mightseemglamorous, there’s a lot of hustle and sacrifice that doesn’t make it on our Instagram highlight reels. If you are thinking about becoming your own boss, think how much time and work you’ll need to be financially stable — and whether or not you’re willing to sacrifice your former free time to do that.

Tip 2: Create a schedule for yourself.

Like Beyoncé, you only have 24 hours in a day — so it’s important to use them wisely. I’ve found my days are much more productive when I have a schedule and stick to it. Before the shelter-in-place order went into effect, I would spend my workweek writing at my favorite co-working space.

Though I currentlywork from home, I try to create some structure in my days. After I wake up, I make a quick cup of coffee and wash my face before moseying over to my home office. Once I’m settled in, I spend a few hours coordinating interviews and pitching stories before I get writing. While I take breaks to workout, eat dinner, and spend some quality time with my fiancé, I find that my days are most productive when I have a large chunk of undisrupted time to write. Of course, everyone’s preferences andto-do listslook different, so it’ll take some trial and error to find a routine that works best for you.

Tip 3: Diversify your income.

Repeat after me: Don’t become a one-trick pony. As a full-time freelancer, it’s awesome to become an expert in one category. However, it’s important to stretch your creative muscle and take on different types of work. Need an example? Though I primarily write about home decor, I feel comfortable with writing career and shopping content. I also do behind-the-scenes editing for brands and help direct-to-consumer companies with big launches.

Not only do different types of work help diversify your revenue stream — something that wasdefinitelybeneficial for me during peak pandemic — but it can also give you a leg up if you want to grow or evolve your business down the road.

Tip 4: Stay on top of your invoices.

I’ll be the first to admit I get so laser-focused on the task(s) on my to-do list that I put all my admin work on the proverbial back burner. Yes, that includes submitting invoices. And, yes, I’m aware that’s not the best habit. You won’t get paid unless you submit your invoices, so do future you a favor and carve out some time to get that admin work done. (I love working on my invoices while watching a movie with my fiancé on a lazy Sunday. Talk about businessandpleasure!)

Tip 5: Stash away your savings.

It’s only natural to receive a big paycheck and think, “I’m rich! I should treat myself to a fancy candle or a great pair of shoes.” But in reality? It’s important tosave your money. Unlike being an employee at a major corporation — one that withholds money for taxes, matches your 401K, and offers healthcare — you are in charge of covering those big fees.

Each month,invest in the futureyou by transferring a portion of your income into savings accounts for taxes, healthcare, or even a “rainy day” fund. (Platforms like Digit make it as easy as texting your friend!) A little bit goes a long way, so only set aside what you can when you factor in your other monthly expenses.

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Tip 6: Take care of yourself.

I say thisallof the time inmy newsletter,但你如果你不德,事业就不会兴旺发达e care of its MVP. (That’s you.) It can be so easy to deprioritize yourself and your needs — it’s something Istillstruggle with — but try to do something every day to invest in your mental health. Carve out time toread a book! Go to therapy! Call your grandma! For me, spending some quality time with my stationary bike is non-negotiable.

And, if anything ever comes up — be it a family or health emergency or an impromptu engagement party for your college roommate — show up for the milestones that matter.

Tip 7: Hold yourself accountable.

Things happen. It doesn’t matter if you are neck-deep in deadlines or are tending to a personal matter, one thing’s for sure: Balls will drop. Deadlines will be missed. When you are booked and busy, it’s hard foreverythingto flow smoothly all of the time. And, when thingsdohappen, try tocommunicate with your clientsso everyone’s on the same page. Did you drop the ball on communication? Apologize, mean it, and try to do better the next time. Nobody is perfect, so own your mistakes and move forward.

Tip 8: Learn how to say no.

I’m a yes person. I love what I do, so I tend to jump at every opportunity that comes my way. But, in reality? Saying “yes” to everything can lead to serious burnout. Before you agree to yet another project, think about why you’re saying “yes” in the first place. Is it a great paycheck? An opportunity with a brand you’ve been dreaming to work with? A project that makes you excited? Otherwise, it might be a hard pass.

Credit: Kim Lucian

Tip 9: Community is everything.

Self-employment might be a solo sport, but having a community of like-minded solopreneurs in your corner is invaluable. Not only do they make for excellent co-working buddies or listening ears when being your own boss feels a little difficult, but it’ll also make the solitude that comes with being your own boss feel a little less lonely. So, howdoyou make community when you work for yourself? Join a Facebook group, DM a creator you admire, or sign up for a co-working space. Community is all around — you just need to seek it out.

Tip 10: Celebrate your small wins.

When you’re your own boss, businessispersonal. Honestly, it can be hard to not interpret every less-than-pleased client, typo, or “thanks but no thanks” as a punch to the gut. But, why don’t you flip that script? Instead, celebrate yourself for being brave enough to take a leap of faith and lean into your calling. (Leaving comfort and diving head-first into the unknown is scary stuff, people!) Also, celebrate the small wins — be it a glowing email from a client or a negotiating a higher rate. Istilldo a little happy dance whenever I get a new assignment. Because, even after nearly five years, those small wins never get old.