Time management

3 Time Management Tips for Budding Freelancers – Motley Fool

Summary

There are plenty of benefits to going from a salaried worker to a freelance worker. Being freelance means getting to set your own hours and, in some cases, demand a higher hourly rate than you’d get as a salaried employee. The result? A more robust bank account balance.

But when you work for yourself, it’s really important to do a good job of managing your time. Take it from me — I’ve been a full-time freelancer for many years. The key to e…….

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There are plenty of benefits to going from a salaried worker to a freelance worker. Being freelance means getting to set your own hours and, in some cases, demand a higher hourly rate than you’d get as a salaried employee. The result? A more robust bank account balance.

But when you work for yourself, it’s really important to do a good job of managing your time. Take it from me — I’ve been a full-time freelancer for many years. The key to earning a decent income is carving out enough time to do your work and using those hours productively. Here are a few tips that might help you get started if you’re new to the world of freelancing.

1. Set a work schedule at the start of each week

Your schedule one week might look very different than your schedule another week. I have children, for example, and some weeks, I have obligations like after-school events that I need to work into my schedule. Rather than set a rigid schedule to follow, I tweak mine at the start of each week.

Either way, I always make a point to allow for a minimum number of work hours each week. Now, the number of hours you’ll need to put in will depend on how quickly you work and what your income goals are. But in some cases, to meet my minimum hours, I have to allocate time early in the morning or later at night, while my children are in bed.

It’s not always ideal to have to work during off hours, but sometimes it’s necessary. Either way, knowing what hours I’m supposed to be working helps me stay on track.

2. Eliminate distractions while you’re working

A key component of managing your time well is avoiding distractions. To this end, I make a point to turn off my phone when I’m at my desk. That way, I’m not sidetracked by incoming text messages or other dings and interruptions. Avoiding distractions is especially important for those weeks when I have fewer hours available to allocate to work.

3. Have a backup plan for the unexpected

You might intend to work a certain number of hours one week, only to have that plan thwarted. Just this week, I was getting ready to get my children out the door when we got a notice that school was shuttered for the day due to a water main break. Suddenly, the six hours of work I was planning to do that day got whittled down to four and a half, because while my kids can self-entertain, I did need to take some time out to set them up with activities and make them food.

My backup plan generally involves …….

Source: https://www.fool.com/the-ascent/personal-finance/articles/3-time-management-tips-for-budding-freelancers/