Working on a Freelance Basis
Working on a Freelance Basis
Understanding Freelancing
- Understand that freelancing involves being self-employed and not necessarily committed to a single long-term client or employer
- Realise that freelancers may need to be in charge of their own taxes and National Insurance contributions
- Recognise that freelancers have the ability to set their own rates, but they also need to cover all their own costs
- Acknowledge that a freelance musician may work on a contract basis for gigs, recording sessions, teaching and other work
Managing Your Time
- Recognise the importance of time management when you are responsible for all your own administration, including booking gigs and negotiating contracts
- Understand that in the freelance world, work may be unpredictable and irregular
- Appreciate that maintaining a regular practice schedule can be more challenging when balancing this with other freelance commitments
Networking and Self-Promotion
- Understand the significance of networking within the music industry and how it can help get more work
- Acknowledge the necessity of self-promotion and brand-building, including use of online platforms and marketing
- Be aware of the importance of maintaining a professional image when self employed
Freelance Finances
- Become familiar with the aspects of managing finances such as invoicing for work, setting up a business bank account, and keeping accurate and up-to-date accounts
- Understand that income may fluctuate as a freelancer, therefore one needs to be prepared for times of lower income
- Be aware that there are business expenses which can be deducted from income before tax, including the costs of instruments, travel to gigs and further training
- Recognise that as a freelancer, you may need to have provisions in place for pension, sick pay and holidays as these will not be provided by an employer
Contractual Agreements and Laws
- Understand the importance of clear contractual agreements when freelancing, and ensure you adhere to the laws and regulations around self-employment
- Become familiar with what is fair and reasonable to expect from a performance contract, and what you should be prepared to negotiate for
- Understand how to accurately log work done and monies due, as well as the legal remedies available if a client or venue does not pay as agreed