So, here we are; Finally – onto Part 3. This article, I believe, can be much more valuable to you as you progress into your freelancing business. Not only does this go well with freelancing, but someone who is interested a professional business can also use this information to help guide them in the right direction.

First off, I want to talk, or rather type, about where you should do your business. Should you rent office space? Should you buy a building? Or how about using your home as your office? Consider the options:

1. Do you want business to come to an office or to your home?
2. Do you want to separate work from business?
3. How do you feel about giving your personal address to strangers, clients or doing the work at your home?

You can also consider these facts when making a decision:

• Getting a Small business loan
• The price of buying vs. renting a building (in the long run)
• Balancing work and personal life

So, weighing in the factors, such as economic stress, cost of living and competition, what do you think will be the best and easiest way to manage your clients? If you have already quit your job and you find yourself slowly sinking into the debt hole then consider making your business in your home. But, be weary – by doing that, that you can actually turn work and home into one. You will begin to feel as if you are always working and then wanting to do your job will turn into “having” to do your job. Which, we all know, is NOT fun!

Now, on the other hand, if you are settled, you have no debt and your actually approved for a loan, then why not consider investing in renting, leasing or buying a building to do your work in. That way you have a professional area and work will always be at work, never at home.

by now you should have a pretty good idea of where you want your business to be. If not, keep searching, researching and even consider asking other local businesses how they got started and how they keep business going steady. Doing that can allow you to gather enough evidence of where you believe you should be.

Now, I could go on and on about balancing work and life, but I believe I pretty much said that above. Bringing work and life together can become burdening, make you unhappy and worst of all it can ruin any relationship you try to have, whether its with family or loved ones.  So be sure to set your hours and only work during those hours. If you need a break, DO IT. Even 15 minutes away from the computer will help ease the stress on your eyes and help you feel relaxed.

So, now the big question; Do you want to do more than freelancing?  This question is aimed at the people who have been doing freelancing long enough to where they make a stable income, have plenty of clients and over all exceed from what they used to do. Perhaps you want to open your business up to a partner? Perhaps you want to hire people to help you take on more clients? Or, maybe you want to “brand” yourself in your community.

Again, this will be based on your experience, income, stability and clients. If you are happy freelancing, then stick with it, otherwise you could proceed on new ventures. If you do decide to venture into the big open world, than be cautious about your clients. Now, you can hand them off to someone who can get the job done or let them venture into the big open world along your side.Which, in the long run would probably be well worth your time and energy. This gives your clients an opportunity to see who you really are, how tough you have been and what you can give them in the future. And – I have to say that can turn out pretty well with new clients.