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No surprise that freelancers earn more than average Brit

Summary

Freelancers typically earn twice as much as the average Brit, but this is hardly a surprise given their confidence, skill and character, industry analysts have claimed.

Our Solution

Freelancers typically earn twice as much as the average Brit, but this is hardly a surprise given their confidence, skill and character, industry analysts have claimed. Boox, an online accounting service for freelancers, recently found as much to be true in its recent study, which was released on the eve of National Freelancers Day (November 21). Philip Venn, commercial director of Boox, said freelancers are often attracted by the opportunity to be their own boss and to take an entrepreneurial approach. Those that go it alone are naturally confident in their ability to succeed and it's through this attitude that they achieve a larger pay scale. Mr Venn also said this type of individual tends to be better qualified, with many self-employed workers landing well paid roles in banking, engineering and IT. Along with much-needed traits and attributes typical of a well paid worker, Mr Venn claimed those wanting to move into self-employment must also have a degree of financial backing. Indeed, those with spare cash may be able to fund the construction of a garden office or some other form of home-based workplace. However, Mr Venn believes gaining finance is far from a luxury, because of the risk attached with self-employment. "From day one, to go in cold to freelancing, you need to be financially secure because there's no guarantee of work on a week-to-week basis and you need to have contacts or be able to build a contact base," he recently told metro.co.uk. Managing director of Boox, John Brazier, also claimed that from their humble beginnings in home offices, freelancers will often go on to create employment. However, the crucial contribution from Britain's 1.4 million freelancers, according to readings from freelancersintheuk.com, isn't always acknowledged. Mr Brazier said the freelance worker community represents something of an "unsung hero" in Britain and needs greater recognition in the overall work environment.

Author:

Richard Towey

20th November 2012