Recent research from marketing and PR recruitment firm Major Players found that 42% out of 1,000 people surveyed, said having more options over the type of work they do and how, is what attracted them to setting up on their own. Only 19% said they were motivated by more money.

The worst part of being a freelancer is the period of stagnation between contracts (a problem highlighted by 40% of those questioned). I’m sure every freelancer or sole trader can relate to that. We would all prefer to have a constant stream of work all the time, but then again it’s nice to have a few days or a week’s rest now and again, especially if when we are working it is hectic.

A quarter were concerned about income security – which could occur if contracts were cancelled or not renewed. Other drawbacks include not being able to take part in the social aspects of working with others although it does depend on what type of freelancer you are.  In my case I do both; work on my own at home or work on-site whichever is best suited to my client at the time.  So there are other options. However in the freelance’s favour; the worker gets away from internal company politics and it gives them the freedom to make their own decisions and choices.

Recent figures released by the Professional Contractors Group (PCG) show that the freelance market has grown by 12 per cent over the past year.