Freelance jobs means starting something of your own to avoid others’ bossism on you. Doing some business and be the master of your own is the key strategy of freelancing job. Some freelancers start their online business alone where as some start with partnerships. It is difficult to define which one is better because there are pros and cons in both business structures.
Take a look on both pros and let’s see who is going to win solo or partnership business strategy?
#1. Remember you are NOT alone here!
If you are a freelancer and not surrounded with lots of people around you then there might be a chance of you socializing online in search of friends which may affect the productivity or quality of the freelancing service. Where as in partnerships, you will get a number of people around you along with whom you can research on various ideas coming out of all those combined minds and if you are a little more social then here your partners reduce your loneliness to a great extent and make a healthy work-oriented social interaction, which is always beneficial for you and your business.
#2. Go for intricate projects
The Partnership provides you confidence for multiple things; first it encourages you for working hard. You can think about taking more risks in job as support stays behind you. Availability of multiple skills help you take complicated projects with courage. You are excellent at some features and your partners in something different which as a whole makes great effort for completing great yet complicated projects with flying colors.
#3. Become more punctual
Partnership freelancing provides good support and protection in the corporate world. If you have some other issues or want to leave for few days then your partner can manage your work in your absence and so as you in vice versa. Understanding each other’s difficulties and giving best support in each other’s absence makes your work run 24x7x365, allowing you to never cross your deadline border and complete your project before time.
Solo freelancing pros
#1. Less legal issues
Instead of choosing partnership, if you make up your mind for solo performance then you are lessening your legal and tax issues. Because in partnership you can’t hide anything as all partners must be having equal shares. Be sure of having good knowledge over business legalities and make your partner be well aware of it. In solo freelancing you don’t have to deal with more issues but during partnership you have to understand all important norms completely.
#2. No need to depend on anyone
Here you are aware of your own capacity and your own limits. So hesitate for extra works at your own wish but with partnership sometimes you rely on your partners and go for more projects. If the partner fails to complete the projects at the right time then everything becomes a full of burden and risky for you and your business. If your partner leaves you unexpectedly then you feel like quitting your job as you have made a habit of depending on your partner. In solo freelancing job you have a full control over your own schedule.
#3. Answer to yourself
In your solo freelance jobs, you need not bother of answering any problem, any mistakes etc. In partnership quality may vary as all partners have different procedures, so you get questions on your quality from different customers whereas solo freelance job maintains quality because it’s only you who is managing it.
#4. No sharing
In solo freelancing business, both profits and losses are yours. You have full self-control over your business but in partnership you have to share your profits and have to adjust with the business control sharing. Sometime you may face problems while negotiating with your clients.
By going through the pros of both solo and partnership freelancing jobs you see it is a tough task to figure out which one is better as each one of these holds its own advantages at its own stages. So it is completely your choice to choose the right freelancing service for you.