Since the job market is not as secure as it used to be, many people choose to work as freelancers or become entrepreneurs in order to be able to quickly adapt to any market changes. However, being a freelancer is not the same thing as being an entrepreneur, even though many people get the two terms confused. The question remains: which career option is better for you? Today, we’re going to talk about freelancing vs entrepreneurship, looking into the definitions of both terms and what makes them a good career option.
As a freelancer, what you sell are your services, such as your ability to design logos or take nice photographs.
A freelancer is a person who gets hired by companies or individuals to accomplish certain tasks. Usually, the work a freelancer has to do comes in projects, thus the schedule is flexible. To give an example of a job a freelancer might be looking for, consider a startup that needs someone to design their logo. Once a freelancer gets the job, he or she designs the logo in a certain amount of time and then delivers it. After the customer receives it, he gets paid.
This means that a freelancer will only get money as long as he or she is working on a project. The good news is that since you don’t have to stick to a certain schedule, you can achieve other goals as well. After all, it’s up to you how many projects you choose to take up.
A freelancer should always focus on developing his or her skill. This is what most employers are looking for. Some of them will allow you to exercise your creativity as well. However, most employers simply want you to deliver what they expect from you. As a freelancer, what you sell are your services, such as your ability to design logos or take nice photographs.
An entrepreneur is a person who has an idea for a business and decides to pursue it. The ultimate goal is to make a profit. If your business is successful, you don’t depend on the hours you work to make money. However, most entrepreneurs work a lot, especially when their business is still a startup. Unlike freelancers, entrepreneurs don’t necessarily have to rely on their skills, but more on their ideas. It is the quality of their idea that will determine whether they’re successful or not.
As an entrepreneur, you usually sell products. No matter the kind of product you sell, entrepreneurship will always be risky. However, since you’re developing your own business, you have much more creative freedom than as a freelancer.
Freelancing vs Entrepreneurship: Which Is Better for You?
If you’re someone who enjoys working with people, you have a skill you excel at, you like to add a personal touch to the work you do, and you’re looking for a flexible schedule and the possibility of working alone, then you should be a freelancer.
If you like to take risks, you’re willing to put in a lot of work into developing your own business, you enjoy socializing with people, you don’t want to limit your career to using only one skill, and you have a lot of creative ideas that you want to put into practice, then you should be an entrepreneur.
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