One of the things you will have to do as you take on a career as a freelance consultant is decide what your work hours will be and how much you want to be paid for each of those hours.You can no longer think about your base pay like you were able to do when you had executive positions. Instead there are a number of other variables that come in to play this time.There are a lot of expenses that are going out in both time and cash that you may not be thinking about when you are a freelance consultant.Consider some of the following:
Cold calling
All of those cold calls you have to make to possible clients are time that you are spending on the job without getting paid.You will spend plenty of time every day, possibly an hour or more, on this, so you need to make sure you are charging enough in your project to cover this extra time.
Invoices
As a freelance consultant you are going to be doing it all.No longer do you have an assistant to handle bookkeeping like in those old executive positions. Now you will be doing all of the billing yourself.You need to make sure the things you bill for covers this time.
The Office
Your office will have a lot of things that are going to cost you a lot of money out of your freelance consultant income.For those who have a business office rental, that can cost a lot.But even if you are not renting an office space, think of the other things you have to pay for like a phone line, Internet, computers, software, ink and even printer paper.All of those things really add up.
Your Benefits
Now that you are out of those executive positions you no longer can count on a company to give you benefits.Now that you are a freelance consultant you are going to be responsible for providing those benefits for yourself and that is a cost you are going to have to work into what you are charging.So, if you had originally thought that you could set a low hourly charge for your work, once you really consider what all you will have to pay as a freelance consultant you will realize that you need to tack a lot on to that basic pay check.
UpsideJobs.com is website that can assist you in finding the right job as a freelance consulant.