The Freelancer and an Entrepreneur:
Which are you? are you sure? A freelancer is somebody WHO gets paid for her work. She charges by the hour or perhaps by the project. FreWhich are you? area unit you sure?
A freelancer is someone WHO gets paid for her work. She charges by the hour or perhaps by the project. Freelancers write, design, consult, advise, do taxes and hang wallpaper. Freelancing is the single simplest way to begin a replacement business.
Entrepreneurs use money (preferably somebody else's money) to build a business larger than themselves. Entrepreneurs make cash once they sleep. Entrepreneurs focus on growth and on scaling the systems that they build. The more, the better.
The goal of a freelancer is to have a gentle job with no boss, to do great work, to gradually increase demand therefore that the hourly wage goes up and also the quality of gigs goes up too.
The goal of the entrepreneur is to sell out for a ton of cash or to build a long-term profit machine that's steady, stable and not particularly risky to run.
The trap is simple: someday freelancers get bourgeois envy and begin hiring different freelancers to figure for them. This doesn't scale. Managing freelancers are different from being a freelancer. Managing freelancers and saving the best projects for yourself gets you into bother. The cash flow gets you into bother. Investors don't need to speculate in you as a result of you cannot sell out if you are a freelancer at the bottom.
If you're Associate in Nursing bourgeois, it is impossible to succeed by exploitation your own labor to fill the gaps. That's as a result of your labor is finite. It doesn't scale. That's as a result of if it's a job solely you'll do, you're not building a system, you're simply hiring yourself (and most likely not paying enough either).
The solution is straightforward. If you're a freelancer, freelance. Figure out the way to do the most effective add your field, the best work for the proper clients. Don't fret concerning turning away work, and don't fret concerning occasional downtime. You're a freelance for rent, and you need to concentrate on your name and also the flow of business. Find partners if you like however keep the money flows separately.
If you're Associate in Nursing bourgeois, don't rent yourself. Build a business that works, that thrives with or without you. It might not be sensible for your ego, but it can be sensible for your checking account.
Whatever you do, don't combine em up.
0 comments:
Post a Comment