Should you close your freelance copywriting business?

Should you close your freelance copywriting business?

Have you been thinking about closing your freelance copywriting business and working in-house instead?

Ouch. Talk about a difficult decision…

You may be thinking of closing up shop for a number of reasons:

– You aren’t hitting your financial goals, and you’re in debt (or heading that way.)

– You’re burned out and your heart isn’t in it anymore.

– You realize you could go farther, faster if you worked in-house.

– You’ve been offered a fantastic opportunity that’s too good to pass up.

I’ve gone through this myself. About 10 years ago, I was one fried woman. A number of huge life hits left me bruised and battered. I felt lonely, burned out and frustrated. Working in-house seemed like the perfect solution – it was a stable paycheck, and I could work with some great people.

(I lasted six months before I realized I made a mistake – but it was a great lesson.)

If you’re feeling this way, you are not alone. At all. I’ve talked to many freelance copywriters who dream about taking a “real job.”

But they don’t like to talk about it because they feel ashamed. Or, they may feel like they’ve failed or done something horribly wrong.

And that can’t be further from the truth.

There is no law that says you have to keep your business doors open forever. However, you’ll want to be very (very) sure that closing shop is the best thing for you.

If you’re facing this dilemma, here are some things you can do.

- Talk to someone. Don’t let this bottle up inside of you. You aren’t the first person to go through this, and you won’t be the last. It’s important to get this stuff OUT.

- Assess the core issue behind the urge to get a in-house copywriting job. Is it financial? Are you burned out? Are you tired of the self-employment stress?

- Be gentle with yourself. If you’re working 12-hour days, six days a week, of course you’re going to burn out.  Before you make a major leap, consider if you need a little self-care first. Once you’re stuck in burnout land, finding financial opportunities is challenging.

- Are your expectations realistic? Do you keep hearing about “six-figure copywriters” and wonder why you’re only making five figures your first year? Relax. Comparing yourself to others is a dangerous slippery slope.

- Ask yourself how you can improve the situation. Do you need business-building skills or a business mentor to help you with the financial aspects? If you’re feeling particularly stuck, chatting with someone can provide insights you may not figure out on your own.

- Consider creative solutions. Do you need a stable income? Some jobs will let you freelance part time. That way, you can keep your business, and still enjoy the security of a paycheck.

- Is the opportunity too good to pass up? Take it! Sure, you may not really want to take a “real job,” but some gigs are really cool…and ones you won’t be able to land as a freelancer.

As a side note:

Beware taking a job just for the money. No matter how many Benjamins an employer throws at you, you need to like the people, the company and what you’ll be doing. Otherwise, you’ll be stuck with a high-paying job you hate (and you may not be able to exit easily.) Trust me. A little company research goes a long way…

Are you burned out and need some business-building help? I can help. Check out my Copywriting Business Bootcamp and learn how to increase your income without working so darn hard.