In straightforward terms, you have the advantage of exercising an independent professional activity and of choosing to pay the tax on your profits simultaneously as your social charges through a system of final payments. But since the creation of this statute, nothing is specific as to its future, as there are difficulties and challenges to be met. Discover here the advantages of self-employed status and also its main challenges.

Self-Employed Status: What Is It?

After many experiences, you finally embark on a commercial, craft or liberal activity. Only you have to choose the legal status of the company. Two options are available to you: the creation of a sole proprietorship and a company’s product.

Self-employed status can be summed up in two points:

• The creation of a sole proprietorship, which represents the legal form under which the auto entrepreneur operates;
• The exercise in microenterprise is a unique and simplified tax and social regime.
• To become a self-employed person, it is necessary to create an individual business under the micro-enterprise regime as a commercial intermediary.

Choosing the self-employed status makes it possible, in particular, to implement an economic activity on your own, to benefit from a certain simplicity in the formalities relating to the creation, operation and keeping of the accounts. But also makes it possible to obtain social cover and a right to continuing vocational training.

Obtaining self-employed status is therefore simple and without significant financial risk, with an easy formalism and thus several advantages.

The Advantages Of Self-Employed Status

The self-employed status allows you to test an activity without leaving your current job. It will enable you to create your training as a retiree or student. You, therefore, can carry out the movement of your choice without the constraint and stress of administrative formalities. This status mainly concerns commercial, craft and liberal activities. Here are the great benefits you get!

A Status Open To All

You have the possibility of being an exclusive self-employed entrepreneur or associate it with another status such as student, employee, civil servant, job seeker, retiree or employee-equivalent manager. All you need to do is be an emancipated adult or minor, not already a self-employed worker and have an address in France. But for nationals outside the European Union, you must hold a temporary residence permit which grants opening a self-employed business in France.

Simplified Administrative Procedures

The administrative procedures for setting up a self-employed business are straightforward. In addition, no capital contribution is required.

Calculation And Payment of Social Charges

It is according to your turnover that you pay social security contributions. You have the option of paying your payroll taxes monthly or quarterly. In addition, you declare your turnover for an automatic deduction of social charges from your Bank account. Finally, you do not pay social and tax contributions when you have no revenue.

All this with simplified accounting. But the self-employed status is not immune to difficulties.

The Challenges of Self-Employed Status

The first obstacle to self-employment is undoubtedly the increase in ceilings since January 1, 2018. However, other disadvantages should not be overlooked.

• Low credibility: challenging to obtain Bank loans. Also, some customers prefer to deal with corporations.
• Capping of resources: self-employment is possible only when the turnover is less than 170,000 euros for sales of goods, foodstuffs to take away or consume on site, accommodation services and 70,000 euros for services and the rental of furnished residential premises.
• No deduction: the auto entrepreneur does not deduct professional expenses such as telephone bills, transport costs, prospecting and advertising costs, electricity, and rent. Moreover, regarding the activities of resale goods, the auto-entrepreneur is taxed on the turnover achieved and not on his margin.

In Conclusion

Self-employed status is advantageous for a certain number of people, particularly students, the unemployed or retirees. Indeed, according to the Union of Auto entrepreneurs (UAE), this status represents a transitional stage, pending a return to employment. According to this same Federation, this business creation status is beneficial for all, and it would be detrimental to implement reforms that could complicate current trends.

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Identify Your Skills

Before starting, it is preferable to identify our qualities and our skills. For those who already have work experience, it is very likely that their CV already contains one or more freelance work opportunities.

You may need to think outside the box – not all of us are graphic designers or consultants. However, you may find that your “secondary” skills can provide freelance work opportunities.

For example, if you are a good copywriter, you certainly have the potential to develop a freelance web writing business or work in communications. Don’t be paralyzed by a bias that you don’t have the necessary skills or experience. You’ll be surprised how little experience you need to get started.

A little confidence in your abilities will go a long way.

Go To Specialization

When choosing your activity to become a freelancer, you should focus on a specific sector. For example, as a graphic designer, you may choose to do branding work only for digital startups.

This specialization will make you much more attractive to a specific set of potential customers and give you a greater chance of success. You can try to please everyone, but you’ll probably only cause indifference. As a freelancer, you are not a mass distribution brand; on the contrary, your specialty will make you attractive.

With a specific orientation, potential customers are much more likely to take you seriously than if offered a generic service. Companies want to work with freelancers who seem to have been created to serve them specifically. You can make this illusion through specialization. Potential customers are everywhere: from Google to social media to your home.

Stand Out From The Competition By Creating Your Brand

If you plan to succeed in the world of freelancing, you will need to create a strong brand that will set you apart from the competition.

Your brand is your identity (meaning your website, blog and social media accounts), and it should communicate what you sell and what you do that makes you different from others.

This is an important step you must take the time to
think about: it will significantly determine your business strategy and success. In this idea, the creation of your website is essential.

Being Able To Show Off Your Work

Many potential clients are not concerned with the freelancer’s qualifications; they just want to see what he’s done in the past and decide if it’s right for them.

Therefore, if you are good at what you do and can demonstrate your skills with a quality portfolio and positive customer testimonials, you are more likely to succeed. The difficulty, however, lies in building a portfolio without experience. To work for well-paying clients, you must show that you’re worth a lot by doing a good job. So don’t be afraid to volunteer for the right clients when you’re just starting so you can build a reputation and then show off what you’re capable of.

Ultimately, finding contracts as a freelancer is a numbers game: the more potential clients you contact, the more likely you are to find work. This is the equation to keep in mind.

The post How To Start A Freelance Project Well? appeared first on TechReviewsCorner.