I’m in the process of plotting my exit strategy from agency to full time - freelance. Based on your experience—what considerations should I take as I inch closer to exiting?

likehelpful
Posting as :
works at
You are currently posting as works at

A huge amount of people were just laid off and you’ll be competing with all of them for freelance work. If you have a job right now, keep it.

like

Have to agree with this. In normal times, some planning and prudence go a long way. But unless you're leaving with six months of guaranteed freelance work now, I wouldn't do it right now. It's tough out here.

like

Savings, Contingency plan, Health plan options and benefit options, Your Network and a list of who to update of this endeavor, How to be at top of mind for everyone.

likehelpful

Full time freelance is no joke. Plan ahead. Plan to work beyond your typical remit

Set up an LLC. Don't forget about quarterly returns.

like

If you pay the following year tax season, it’s mucho $$$$. And unless you’ve been putting $$$ away, you’re f’d. Pay it quarterly as you go.

more than 6months of cash.

budget budget budget

organize: leads, to-do lists.. how do you work efficiently, not hard.

understand your rate. (when to say no)

create an llc (at the very least)

find a great accountant (you’ll love them during tax season)

get everything in writing. understand your contracts, and laws in your state.

like

Call Max Kleynburd and pay him to set you up. Best freelance accountant there is

like

Plot it out but don’t do it. The next year is going to be a real shit show starting in late July/ August as all mortgage waivers run out. We are about to see another real estate market implosion.

like

Get your work. All of your work. Back it all up on an external drive.

Don’t yet.

Related Posts

Hello Fishes,
Looking for some help please... wanted to knw with IIM is the best for PG in HR... I have completed my BA and MBA(distance) looking for further certifications. Thankyou for ur help!!😀
P.s I have 12yrs of experience in Recruitment

like

I'm looking for a legislative research attorney position. Anyone know of any openings?

like

Anyone know more about the RDU office BCG is opening up? Curious what the office focus (if any) will be

like

I need 10 likes so I can DM! Let me know if you want a referral to Symetra and please like this post

like

Do any pharmacists have to be on-call? And if so, how are you compensated for that? I’m currently interviewing for a position that requires me to be on call 2 weekends a month, but they only pay me if I go in since I’m hourly. Does this sound like something normal?

24.5 LPA for a solution architect role in TCS.
Is the ask is high or low for 8+ yoe with javaa, aws

like

Best exit opportunities you’ve heard from Big 4 TAS Real Estate?

I have always been very blunt and straightforward so I’m struggling to find the best way to respectfully counter to when the MD offers me sub $200k for a Director position in a new department she’s heading up, I know hiring her was expensive and then says “It’s not always about the money but more the experience.” Thoughts?

like

Im in a junior position, have excellent feedback, work hard. I make very little $. I had 2 job offers and told my current company I couldn’t afford to stay there. They immediately matched. 4 months later I followed up and the timing of the adjustment will now align with the timing cost of living increases for inflation which apparently I’m ineligible for. Should this exempt me from a cost of living increase due the adjusted salary 5 months after we agreed to this?

like

JPMorgan Chase Anyone from JP Morgan here? I need referral for scrum master role.JPMorgan Chase

like

Is anyone with Trust or Estate Tax experience looking to move to EY? We are hiring!

likefunny

What is PMO office/role all about? I see some colleagues talking about it and even looking down upon it.

I'm new to Big4 and haven't heard much about it in my earlier organisations.

like

Hello everyone, I am a fresher and I recently joined a management consulting firm(3 months) with 12+LPA and I realised MC is not for me.
I tried giving it a shot for the first 2 months but then I am just dragging there after. Anyhow yk how it's in MBA, campus placement leli without a thought plus lack of experience in everything. It's tough out there.
I am desperate to switch to creative/marketing/branding/advertising. If anyone could help/guide/refer me in the right direction that'd be great.

like

I am looking for job change having 4+ years experience in python/django/odoo.
Any reference for opening as python/django developer?

like

I can help with a referral in Accenture. Dm

The SAP group at my company is an absolute disaster. Any firms out there hiring right now?

like

Hiii All, I'm a new fish and seriously looking for a new position in HR. Can anyone please refer me in India. I'm in a crucial situation and I need a job immediately. Currently working in Allianz as an Associate.

Post Photo
like

Does anyone at Atlassian (or who knows someone at Atlassian) have news on the hiring slowdown? Any updates on which business units / orgs / positions the company will continue hiring for? Or if it is actually going to be a hiring *freeze*? I did a final round interview with Atlassian that went well and I'm hoping to hear back soon...

likesmart

What are the best consulting firms to work at if I want to exit to Big tech in few years (after reaching manager)?

I have an opportunity to be a Food and Beverage manager for a hotel I have been for 6 years. Currently I am overseeing all operations but want to focus more on the F&B world. Would anyone know how much salary I should be asking for this role?

More Posts

Star Wars Tales of the Jedi coming out this week! Any one excited? I love any SW content I can get my hands on

like

What is that one thing that as a new realtor I should keep an eye out for? This new listing has lots of mold and that just seems dangerous.

like

What is fair for salary if I have a education as a multimedia designer, been working for 5 years as multimedia designer/digital designer for 2-3 different places and has a 9 month education within advertising. I think my new job will be some mix of art director, digital designer and grafic designer 😊

like

Thoughts on daycare vs. nanny starting at 4 months old?

like

Hello all, I'm currently looking to relocate to the Netherlands and looking for opportunities in consulting. I have close to 3 years of experience in Financial due diligence and will be a Qualified Account by September. I would love to talk more and require your help with referrals for job opportunities. Please let me know if you would be willing to refer me to your company. Kind regards

like

Any single moms by choice here?

like

Anyone that is considering / have moved from Clin.Ops to a Insights/ Analytics role ( towards Commercial ) that can share their views on career progression / pay ?

like

To be honest this app is giving me anxiety just by ppl's EOY compared to thier salaries, am i the only one? 😰

like

Just finished Indian Matchmaking. Has anyone else watched it? What are your thoughts?

like

I’m confused about the proposed tax changes.

If I make for example less than $400k in wages but I sell $1.1 million in LTCG. Does that mean I follow the current LTCG rules or does it bring me up to the 40%?

Post Photo
like

Is 9 lpa a good package for a software engineer with 3.5 years of experience ?

like

Does anyone know what life at Medidata as a solutions consultant is? Work life balance, team culture, compensation?

I am considering a move, don't have an offer on my desk yet but advancing through the interviews. Would like to prepare if a decision will need to happen.

I like my current job but am starting to feel burnt out covering the understaffed presales team while not making any more money for my efforts. We also recently (a year ago) went through a merger that is causing me concern.

like

US - how did those eligible do this cycle?

like

EY vs. Accenture Cyber Security Manager offers. Marginal higher base w/ACN. Which is better WRT career growth and WLB? Echoing previous post from C1.

like

This is my first job in a large corporate company, and I’m trying to gauge how long it normally takes to move from entry level to another internal position in the insurance industry. I have been applying internally for a year now and I am wondering if this is normal or if my company is just slow? I am a top performer, with great metrics, and I have some wonderful connections I’ve made who support me. I just can’t seem to move up. How long did it take you to move up? How many tries did it take?

like

Hi All, pls give me 11 likes so that I can DM people's. Thanks in advance

like

Senior Media Buyer in Toronto needed. TV and Radio experience. If anyone has any recommendations please send them my way

Can we start listing companies that allow full time WFH? My company is trying to force hybrid and I’d like to get a feel of what companies offer full time remote for auditors.

like

Do MBB sponsor for 2+2 MBAs such as HBS? (Straight out of undergrad, 2 years work, MBA)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal