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Whether you’ve chosen to leave your steady job or are just in the daydream phase, it’s easy to get caught up in all the grand visions of more free time and calling your own shots. For most, even those that are running multi-million dollar companies, they’re the first to admit that it’s not always as glamorous as it seems.

And now, the second installment of our ongoing series on taking the leap of faith to go freelance. Nicole Neves, formerly the Director of PR and Events at Guess has recently launched her own PR business, Sequin Productions and still manages to prioritize time with her family. Although there is plenty she is loving about her new flexible work situation, there are a few things that kinda suck. Here are her findings on what she loves, and what she doesn’t love about being her own boss.

freelance disadvantages

The Best Parts About Being My Own Boss

  1. I set my own hours and make my own schedule. This means more quality time with the family, and also allows me the flexibility to do things for myself, such as getting my nails done or going to the gym.
  2. The diversity of working with different brands in all types of categories.
  3. I decide on my clients. Ultimately it’s my decision if I want to work with a client or not. If it doesn’t work out, on to the next.
  4. My hard work and successes are going toward the growth of my own business, not someone else’s.
  5. The flexibility to work anywhere. Most days I work from my home office, but if I want a change of scenery I can go to a coffee shop or have a fun business meet-up with my other entrepreneurial mamas.

The Worst Parts About Being My Own Boss

  1. I miss my co-workers and our special relationships that we developed throughout the years. I miss going out to lunch and being on-site together for events, or just brainstorming creative ideas together. It definitely gets isolating working for yourself, and by yourself, but I try to focus on the positive and keep moving forward.
  2. Dealing with bookkeeping of my invoices is probably one of my least favorite parts about owning my own business.
  3. I work around the clock since I’m the only one who my clients can reach after hours. If there is a problem, I’m on the hook for figuring out a solution.
  4. Pay is unpredictable if I don’t have steady clients. Not knowing if I will have work month to month can be nerve-wracking, but more often than not as soon as it feels a bit dry, all of a sudden it starts to pour and you have more work than you know what to do with.
  5. It can get pricey to take care of all expenses and office purchases. I have to pay for my own computer, paper, printer ink, postage, gas, etc. These items add up, but remember all of these are also tax write-offs, so that’s the silver lining.

Whether you are a born entrepreneur (lemonade stand anyone?) or just curious about what it would be like, before taking the plunge and saying sayonara to your steady gig, we recommend you truly ask yourself if freelance is right for you.  Be honest, your answers might surprise you.

 ▢ Time Management: I’m a self starter and can motivate myself to get the work done.

 ▢ Multitasker: I can manage multiple projects simultaneously and give each my all.

 ▢ Decisive: I can easily say “no” to someone and not worry about hurting their feelings.

 ▢ Responsible: If something goes wrong, I’m ok with having to fix it.

 ▢ Flexible: I can work from anywhere and not need an office to thrive.

 ▢ Social: I can easily connect with people to keep from feeling isolated and lonely.

 ▢ Marketer: I’m not afraid to go for new clients and market what I have to offer.

 ▢ Financially Savvy: I can balance my checkbook and keep expenses under control.

 ▢ 9 to 5: I’m ok with working irregular hours and sometimes feeling like I’m always “on”.

 ▢ Income: I have enough savings to cover the slow times and make my income last.

Let’s be honest, being your own #bosslady is all consuming but it can also be pretty great. With a realistic view of what it takes to succeed and an honest evaluation of your limits, there is no reason not to give it a try. And if you need help along the way, you know who to turn to.

freelance disadvantages

Nicole Neves is mama to two boys and owns her own PR business, Sequin Productions. Follow her adventures here.

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