Your operating costs, also known as professional costs, can include:
Many freelancers like to work in coworking spaces: they feel less alone, can network with like-minded professionals, and often feel more productive. However, that comes with a price tag. On average, expect to pay between €200 and €300 a month for an unassigned spot in a shared office space.
- Expenses linked to office supplies and other equipment
The type of supplies and equipment you require will vary depending on your field of activity. Usually, a self-employed worker requires at least a good computer. Depending on your specialization, you may also require other equipment, such as a camera or a microphone.
As a solo entrepreneur, you probably use different tools on a daily basis to organize your activity and make managing your business easier. Many of these tools aren’t free.
If you’re wondering which tools to use as a freelancer, our curated selection of the best tools for freelancers should give you some ideas.
Any independent worker earning over €10k in revenue for two consecutive years must open a business account.
The cost of such an account varies greatly from one place to another. Online business accounts, like the one offered by Qonto, are usually better suited to freelance activities. They offer clear and transparent pricing, with no hidden costs.
With Qonto, you also benefit from tools built to simplify your financial and administrative management, such as digitized receipts.
If you chose to freelance under the micro-entrepreneur regime, your accounting obligations are greatly reduced. In fact, you probably won’t require the assistance of an accountant to file your declarations.
However, if you incorporated as a company, your accounting obligations are more complex. In that case, it’s a good idea to enlist the help of an accounting professional to make sure your bookkeeping is up to standard.
- Commission rates charged by freelancing platforms
Using a freelance platform is a great way to find new assignments, which is why many freelancers use them.
That being said, these platforms charge a fixed percentage each time they help you find a new client. On average, this commission is around 10% of what you’ll charge your client. That’s no small amount, and an expense you’ll definitely notice.
As a freelancer, you know that it is essential to continue training regularly to grow your skills, expand your offering of services and stay competitive in a rapidly evolving market.
We mentioned before that you have a right to vocational training through the training contribution you pay (the Contribution à la Formation Professionnelle or CFP in French). However, not all training organizations are accredited for CFP, so it also frequently happens that the cost of the courses you wish to take falls on you.