Transitioning from corporate to freelance? Follow these five-tips to have a successful career

economictimes.indiatimes.com:

According to several reports, India’s freelance community is expected to grow by $20-30 billion by 2025. But what are the major reasons for this massive shift in the mindset towards freelancing? The answer is simple – affordability for businesses; unmatched growth opportunities for individuals, irrespective of their age, field, and experience; and most importantly, flexibility and convenience in more ways than one. This is probably why Gen Z and Millennials no longer intend to confine themselves to the restrictions of the 9 to 5 work schedule. They wish to try their hand at multiple projects, explore their own capabilities, embrace a better work-life balance and maximise their income. Freelancing can truly offer these. However, shifting from a decent-paying corporate job — where you receive a fixed salary and several employee benefits each month — to freelancing — where nothing comes with a guarantee — isn’t a piece of cake. You must have a strong plan in place to be able to execute a transition of this magnitude. A lot of experienced freelancers also suggest moonlighting, which means taking small projects along with your full-time job before becoming a full-fledged freelancer. Having said that, not all companies allow moonlighting, so make sure you don’t end up untimely losing your job.

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Here we have compiled a list of tips that you can follow to ensure your success as a freelancer. 1) First, plan every move – As tempting as it sounds, don’t quit your job just yet. Abruptly leaving your job can severely affect your finances and put your career in jeopardy. Instead, lay out a proper plan to establish yourself as a freelancer and to smoothly survive the