Employee or Independent Contractor?

Reflecting on my first year as a freelancer

man with laptop working at coffee shop

From Medium, Thibault Lemaitre shares his experience as a freelancer in the past year.  Thibault writes:

As a contractor, my #1 problem is: What happens if Primary Client is unhappy about my work? The answer is simple: I will need to find a new opportunityveryvery fast. Of course, living in Western Europe, there’s always plan Z: being unemployed for a couple of months until I figure things out, but I’m proud to have avoided any form of unemployment so far and would like to keep it that way.

To try and bypass this, I’m trying to save a little bit of money every month, as a safety net. At this point in time, let me tell you that the net is not nearly as comfortable as I’d hope it would be. Then again, I don’t think one would ever be satisfied about the size of a financial safety net.

Thankfully, I already have a few things going for me: I don’t have any debt, I’m able to pay my bills, and I’m slowly trying to get more money and experience from side-projects, missions, and other client work.

But this is not enough: I won’t always be in good health, or working for this client. And as someone who’s very pragmatic, I know that if I continue working as a freelancer, there likely will be some hard times where I won’t have either work OR an income. Thankfully, this is a risk I’ve acknowledged from Day One and I’m working on a generic roadmap, setting things up to try and avoid the downfall of freelancing.

Read the full story at  Reflecting on my first year as a freelancer — Medium

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