So you are inspired to give it a go; where do you start?
Define your offer - Do you have a skill that you could make money from? Do you have a talent you could exploit? Have you been paid for a one off project or piece of work? Be clear about the value of your offer to the customer.
Research the idea - Make sure that you get objective feedback from real customers. Who will buy your product or service? What is the market situation and who are your competitors?
Get good advice - Find yourself a mentor, either a trained business advisor or someone who is a successful freelancer. Contact Careers Network's B-Enterprising Team.
Join a network - Being a freelancer can be isolating, so share your journey with others in a similar situation. This will help you to build contacts, share ideas and solve problems. Is there a LinkedIn group relevant to your sector? Is there potential to work in partnership and collaborate with others?
Plan effectively and get organised - Be clear about your objectives and how you will achieve them. In the early stages, good cash flow is vital and this requires you to know in detail what you will earn or spend, and when. Work out what you need to charge to make a profit and keep your initial start-up costs under control. Sort out your workspace and set up efficient administration systems.
Try your idea and build a potential customer list - Write a potential customer list and build your networks. Who will want to buy your service? Create a prototype, do product trials, find someone willing to try your service and make a first sale.
Stay legal - Ensure that you have all of the necessary tax, financial, intellectual property and insurance requirements in place. Take a look at the HM Revenue and Customs website about self-employment. Consult an accountant and lawyer for further advice.
Get help with your freelancing idea by contacting our B-Enterprising team at email@example.com. You can attend freelancing events on campus and there are advice appointments available if you need help with your idea.