On the one hand, the IT industry needs independent IT specialists and start-ups, on the other hand, a lot of courage is required for the step into self-employment. According to a study, the demand for IT freelancers in this area is expected to remain unbroken, as the prospects for success and earnings are enormous.

Is self-employment worthwhile in the IT industry?

In any case, because the great demand exists because for some companies the continuous specialization and innovation in information processing is not worthwhile. For this reason, they are dependent on a private business manager, for example, who has to undergo ongoing training in order to stay in business.

Customer demand and number of customers growing

Even with the fact that customers are abundant and the need for IT experts is constantly growing, there is a risk of not receiving regular customer orders initially. To successfully found and build an individual company requires time and patience.

No investments

A big advantage when starting the independence of the IT manager is that no large investments have to be made. All an IT freelancer needs is a powerful PC, a phone, a car, a workplace and a little cash on the account in times of doldrums.

Profitable Income

The majority of IT freelancers assess the economic situation as very good, and according to a survey, only one in eight is expected to earn less than 2,000 euros net per month. Last year, the hourly rate for IT experts is said to have risen to 80 euros and they estimate that they are doing better financially than with a job.

What is the best way to become self-employed in the IT industry?

Consultants and external service providers for companies

In the area of consulting, there is a lot of potential as a self-employed person in the IT industry, because numerous companies are not sufficiently positioned in the field of digitization and IT. Companies are particularly looking for website administrators and network architects, but a few years’ practical experience is the biggest advantage for start-ups.

What financial resources are needed for self-employment?

Since an independent IT manager does not need a warehouse with stocks or his own office, he hardly needs equity capital.

However, financial security for order lulls is advisable; health insurance contributions and tax deductions must also be taken into account. In addition, there are the costs for further training, which must be carried out regularly. To establish a company successfully means to prepare oneself for all eventualities.

Do further training courses help as self-employed persons?

Who plays with the thought to make itself independent in the IT-industry, should renounce with its current employer perhaps a salary increase around for it instead of training further offers to get paid.

Top knowledge & most current knowledge conditions in the IT range

An independent IT expert must always update his knowledge in the IT industry. Further training is therefore absolutely essential, because top knowledge of the latest innovations in the IT industry is the driving force behind success as a self-employed person.

The continuous further development in this industry leads to the fact that the enterprises would have to send their people constantly into expensive training further. For small companies it is financially more advantageous to commission an external IT service provider with the innovations in their company and thus also to become more flexible.

The bottom line

For young, dynamic IT specialists with some practical experience and a lot of fun in the IT field, setting up a business is definitely a great challenge. The fact that comparatively little equity capital has to be brought in speaks in favour of taking the risk of self-employment.