To freelance or not to freelance: Answer the question

It's definitely on the mind of most anyone who has been laid off, fired, or is otherwise out of work from their job: Should I start freelancing? While the appeal of setting one's own hours, not to mention the flexibility of working at one's own pace sounds alluring, the numerous pitfalls, personal and otherwise, make freelancing a choice that isn't perfect for everyone.

There are numerous question and answer sites devoted to the question, but we'd love to get your take on freelancing. Is it something you've tried out and liked? Hated? What would you recommend people know before taking the leap, and what would you avoid?

One of my favorite links on the question has a full rundown of questions you should ask yourself before taking the plunge, and also questions you should ask about continuing to freelance. Among them:

• Do you have a marketable skill?
  
• Do you have enough discipline to work unsupervised?
• Do you have savings? (To offset the initial jump into freelance life)

Do you have any other questions you'd ask? Freelancing is one of those love-it-or-hate-it kind of gigs, so I'm sure you've got an opinion to share. Be sure to sound off in the comments and let us know what you think.