[Clampower]

I’d like some advice please.

I am currently freelancing with one major client. I only work 3 days a week which is great and I make a good amount of money. Client is a small company, seems financially secure, but eh could also go belly up I suppose. They offered me a fixed contract but it would be for less money than I now make freelancing, +4 days a week. Should I take less cash and less freedom for the security that a fixed contract would bring (and eventual governmental support of the company goes belly up)?

[mackatsol]

I'd say no.. go fill the other days in the week with more clients. Keep the flexibility to say no. My 2 cents. 20+ years of consulting experience working mostly with single clients or small business.

[hackerfromthefu]

This is 100% the correct answer.

Their offer is BAD for you:

One single client puts you in a situation of risk when they pivot or get acquired or otherwise cut your work.

4 days a week makes it harder to have time for another client.

Less money for more work, ludicrous

So instead

Go and find another client, or better yet two new ones and when you have multiple clients prioritize the work for the best paying clients while others can wait till you have gaps.

[tomcam]

Analysis: True. Depending on a single client is one of the worst mistakes you can make as a freelancer

[sokoloff]

Agree with sibling. If that company falls on hard times, your fixed contract is extremely likely to become a broken contract anyway.