Freelance contracting is becoming increasingly popular and for good reasons. With economic crises and unstable job markets worldwide, it makes sense to use your skills and talents to build a business of your own.

Freelancing offers motivated individuals the opportunity to do just that, while offering a host of other perks, like being able to set your own work hours and holiday schedule. However, it’s not without risk, so it’s important to know the potential pitfalls and how to avoid them.