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There are over 4.7m self-employed workers in the UK and moving from full time employment to freelancing is becoming an increasingly attractive option for those who are looking for a career change, particularly as October redundancies loom.
The benefits of becoming a freelancer can be hugely rewarding – increased flexibility, the autonomy of ‘being your own boss’ and the freedom to work on only the projects you want to – but it’s important to fully understand the steps required to switch to freelance. In this simple guide, Markel Direct outlines the key considerations when making the move.
**Develop your business plan for the short and medium term
The first step of making the move into freelance is developing a business plan for the short term (12 months) as well as medium term (3 years). It can be difficult to know where to start, but some basic considerations include:
What services will you offer?
What will be your differentiator from the competition/unique selling point (USP)?
What will you charge?
How will you market to potential clients? (More on this below)
How much do you expect to turnover?
How much will you pay yourself?
**You can find more help on writing a …
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