Setting up a freelance graphic design studio can be a time-consuming task. Going into business for yourself means taking care of a lot of details--as well as carrying a full workload. You'll need to come up with your own logo and marketing collateral, navigate the books, scout for work and more if you are self-employed.
As a freelancer you can work from home, or even rent a small office. Going into business with a writer or another graphic designer are other options that you can consider. You'll need to choose a name for your company, file any necessary paperwork, create a business portfolio, get a Website up and running and attend to many other start-up tasks. You may want to consult a small business lawyer and accountant for advice when you are trying to pull everything together. They can often help you navigate the details so that you are sure that you are covered when it comes to taxes and other details.
Self-starters with a knack for multi-tasking may enjoy the freedom that comes with a freelance lifestyle; but it isn't for everyone. Some people prefer the security of a company environment, along with the steady pay and solid benefits. Only you will know if a freelance career is right for you.