How is your freelancing business going? Are you making the sort of money and holding the kind of influence that you hope for? While the transition from freelancer to business mogul isn’t an easy one, it comes with plenty of rewards. Growing your freelancing business gives you the opportunity to make more money, meet prestigious clients, and book exciting gigs. If you’re thinking about building up your freelance business, there are a few steps that you should take to ensure success down the road.
Set up an office
In Australia, a good number of business laws are enforced. This means that the location of your headquarters will play a role in how your company is registered, taxed, and more. You can rent out a physical office space where clients can schedule meetings, or you can operate remotely. While it may be cheaper to have telecommuting employees, keep in mind that a brick and mortar office can help to build your credibility. However, if you opt to have your workforce telecommute, it’s easier than ever these days to set up a network of remote employees. This allows you to hire from a larger pool of potential candidates, including experts from around the world. You can collaborate with remote workers through email, social media, teleconferences, and project management software.
As your business grows, you may find it difficult to find the time necessary to take on all of your responsibilities. When this happens, you may want to start thinking about hiring interns, part-time help, other freelancers, or offering full-time positions. Every job title needs a detailed description of duties so that every employee knows for which responsibilities he, or she is responsible. Doing so creates a sense of accountability and fosters a cooperative environment once your team starts to grow. Above all else, if you wish to retain the employees you hire and train, it is important to foster a work environment with good communication to reduce stress and job fatigue .
Register your business
In order to keep everything legal, you’ll have to look into what sort of laws your state or territory has in place for small business owners. The first thing to consider is your company name, as it will represent your brand to future employees, clients, and more. It’s important to make sure that the name hasn’t already been trademarked and that the business name is available across social media channels. Once you choose a name, you’ll need to register it with the appropriate government agencies. Eventually, you may want to incorporate your business as well. Not only does this give you liability protection, but also to raise investment capital and create transferable shares.
What sort of freelancer are you? Tell me in the comments below!