Career change in the Greek Labor Market (episode 04)
Focusing on: Personal Finances and the “Dead End” Period.
In this episode 4, we are dealing with the matter in question, as the title indicates, called, “Personal Finances and the Dead End period”.
In each case of transition, from a 9-5 employment to a Freelancing career, personal finances, stands as one of the most crucial aspects.
So, in Greece, as in most countries around the globe, a freelancer must take care of so many things related to the business, he/she is trying to build.
During this complex process, a serious effort is needed, to manage the “dead end” period as some call it. This is the period from the point of leaving the 9-5 job up to the point when the Freelance business is launched.
During this period, the personal finances of the person transitioning, are most often “headache”. There has to be “spare capital”, in the form of cash, to support several cases of expenditure, like:
- daily purchases for the new business,
- living expenditure,
- investments expenditure for the new business,
- expenditure for learning,
- etc,
Since, the “dead end” period depends on the “speed of launching” the new freelance business, the spare capital needed for that period, respectively depends on that same “launching speed”.
The longer the time to launch, the bigger (at least on average) the spare capital available, to survive the “dead end” period.
At this point, what I would like to make clear is that there is a double purpose for the blogging of these episodes:
A) The purpose of recording the process and obstacles I am facing also as a professional trying to make a similar transition.
B) The purpose of roughly describing the basic steps towards that goal, without insisting on presenting those steps in full detail.
After all, each person takes a different or a adequately varying path towards the same goal.
Thank you for reading. See you on the next episode.
IV