Many part-time contractors dream of the day they will finally be able to leave their day job and go into freelancing full time but actually taking the plunge can be difficult.

With this in mind, Brian McDaniel, with 15 years freelancing experience, has written a guide to doing so on Freelancefolder.com.

Before a contractor decides to go full time, there are important questions they must consider such as the immediate difference in income, how quickly the income would need to be made up and whether they possess self-motivation.

More practical considerations are also essential he says, such as how many clients would be taken on and how many hours a week is the contractor willing to work, as well as whether they want to join an umbrella company or be a sole contractor.

Meanwhile, Sarah Clover, spokesperson for notgoingtouni.co.uk, said that upskilling is invaluable for contractors that want to succeed.