Post Image
Freelancing is good especially when you are either a student or a fresh graduate. However, to build a lasting money-making life, you have to grow out of the freelance mindset and begin to build structures around what you do. Whether you are offering writing or programming services, it is possible to turn these skills into a company. The joy is that you can still get these gigs while you build a company. You can move from being an independent freelancing writer into building a company that is built around the service you offer. The big truth is this, freelancing is not sustainable in the long run. You won’t freelance forever and when you can no longer freelance, you may not have any business to hold on to.
Read more about Career
In this article, I will show you how to successfully transit smoothly from freelancing into building something sustainable.

  • Determine Your Business Name

The first step towards transitioning from freelance to a company is to choose a company name. Choose a name that resonates with prospective clients.

  • Register Your Business Name With CAC

The second structure you need to put in place in to register your business name with the corporate affairs commission (CAC). The CAC official filing fee for the registration of business names in Nigeria is N10,000 (Ten Thousand Naira Only). However, where an accredited agent is engaged by the applicant for such registration, the agent will also charge a professional fee for the services to be provided.

  • Open A Business Bank Account

Another structure you need to put in place is to open a business account since freelancing is a digital service. It is advantageous to open a business account with digital banking and FinTech platforms. 
Sign up for the Connect Nigeria daily newsletter

  • Write Your Short And Long-term Goals

Having short and long-term goals is another structure to put in place. Determining what you intend to achieve, especially the number of clients you intend to reach within a specific period, and income goals will give you the necessary direction. 

  • Draft A Business Plan

Drafting your business plan no matter how basic. Drafting a business plan is simply having a framework. Your business plan should contain the following in descending order: The overview, executive summary; general company description; the opportunity; industry and market; your strategy; the team; a marketing plan; an operational plan; financial plan, and the appendix.

  • Use “We” Instead Of “I”

One of the biggest secrets to getting ahead is moving from a one-man show to an actual company. Therefore, start learning how to use the word “we” instead of I. This will your business some form of credibility
Register to attend the Connect Nigeria Business Mixer

  • Engage In Proper Bookkeeping

Moving from being a freelancer to being an entrepreneur requires proper bookkeeping. Having a strong bookkeeping culture will help you manage your company’s finance.

  • Have A Strong Online Presence

Transitioning from freelancing into growing a successful company requires creating a website, social media accounts, and custom emails. This gives you a strong base to engage the targeted market with engaging content.

  • Build Your Team

No matter how small your business is, start thinking of adding at least one more person to the business. Featured Image Source: Creative Boom
Got a suggestion? Contact us: editor@connectnigeria.com  
You might also like:
This article was first published on 6th May 2022

nnaemeka-emmanuel

Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

Comments (159)

159 thoughts on “How To Move From Freelancing To Growing A Successful Company”

Leave a Reply

Your email address will not be published. Required fields are marked *