A global pandemic, job uncertainty, and adjusting to a new way of working can all result in taking time to reassess your career. Is it time for a change? Is now the right time to become a self-employed fundraising consultant?
It can be scary, taking that leap. It was certainly something I’d been seriously considering but was still so unsure about if it was the right thing to do. Then I was advised that my role was to be disestablished. Although there was a role for me in the new structure, I took it as a sign.
There are certainly advantages to working for yourself. You have flexible working hours, (ideal if kids are sick or you want to attend school activities), can work from home, and can pick and choose projects that interest you. But before you rush to get a website created and business cards printed consider:
- What services will you offer? Will you focus on one specific fundraising activity, e.g., capital campaigns, or be more of a generalist and provide a wider service to your clients? How many other people provide the same service in your local/regional area? Is there a need for what you will offer? Is going into business with another person who has complimentary skills an option for you?
- How wide are your networks? How will you spread the word you’re open for business? Word of mouth is always best. Speaking at conferences/webinars, writing articles, and volunteering on the local committee of your national fundraising institute will raise your profile. Are there part-time roles advertised that you can apply for and invoice instead of being on the payroll as a way of getting started?
- Consider the impact on family. Initially you may work from home. Do you have a designated, suitable space? How long can you manage without income or with a reduced income? Most probably, you will need to work more hours than you do now to get the business up and running. Is that going to be possible? Working on your own doesn’t suit everyone. There are no chats over the coffee machine or holiday work functions. Will you still be a nice person to live with?
- Get professional advice from a lawyer and accountant, in particular, to ensure the business is set up appropriately. You must be fully aware of your tax obligations and have the required insurances in place. A business mentor could also be useful. Talk to others who are self-employed. Ask for their advice on the steps they took.
- It’s OK no matter what happens. You can always go back to a salaried role if it doesn’t work out. You’ll have learnt from the experience. If being self-employed is what you really want to do and you believe the time is right, then go for it. Give it your best shot. Life is too short and you don’t want to have any regrets.
I wish you well!