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5 Ways To Determine If Freelancing Or Entrepreneurship Is The Right Life For You

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5 Ways To Determine If Freelancing Or Entrepreneurship Is The Right Life For You

The Idea of leaving traditional employment and seeking the entrepreneurial or freelance lifestyle is a choice that many have decided to make for this year.

Maybe you want to quit your job and start that bakery business you always dreamed of, or maybe you want to follow a life long passion such as writing or doing tasks that you are qualified to do.

Knowing the commitment you will have to make and how it will fit into your life is very important.  Entrepreneurs and freelancers play different roles in society, but make no mistake, they are both key in our economy and to its growth.

How do you decide if you want to be an entrepreneur or freelancer?

Here are 5 ways to determine which job might be the best fit for you:

1. Are you a creator or a contender

Entrepreneurs are the people who have the skills and initiative necessary to create new ideas that will solve a systemic problem in our cultures; this includes but is not limited to, cultivating new jobs out of those ideas, and deciding how those ideas can be recycled and implemented into profitable outcomes.

A freelancer is not employed continuously but is hired by one or more people or companies to do specific assignments. They often contend in an entrepreneur’s vision or cause but are not in charge of the total outcome. They provide a service and do so on an hourly, by project, or set fee agreement. A freelancer has the security of knowledge that once their task is complete there is nothing else to appertain to.

“It’s not about ideas. It’s about making ideas happen.” – Scotty Belsky

2. How do you define yourself

A freelancer is defined by what they do. They can be a good web designer, a good seamstress, or even a good writer. Their primary value is in their skill set and how they perform it. If you want to be a successful freelancer make sure you are the expert in what you do and do it exceptionally well, If you do, opportunity will always be open to you.

An entrepreneur is defined by what they create. They put into use the intangible unseen forces of unborn opportunities and convert those thoughts into conveniences that make life easier for all those who are in a space in which they create.

When one thinks of an entrepreneur they think of people such as Steve Jobs who created Apple, and Sam Walton who created the Walmarts.  Both men possessed dominating thoughts of what things would look like if they took their ideas and cast them into the world.

 

3. What you think about when everyone is asleep

When everyone else is asleep entrepreneurs are the ones that are up all night thinking of new ways to assure that ideas come to fruition. Their time is often spent figuring out how all the pieces will work, as well as determining how the project might get funded, from starting at scarcity without finances, content to marketing, customer care, recouping losses, and calculating how they will gain profits.

While freelancers are also often up all night when others are asleep they are thinking of ways they can improve the way they do their tasks, how to get more clients, or they are working on doing the actual tasks themselves.

 

4. How you make money

The most money a freelancer can make is equal to the number of hours in any given month multiplied by their going rate. The plus side in this is the only person they depend on or have to worry about to assure payment is themselves.

An entrepreneur is someone who can make money during all hours of the day (even when they are sleeping) if they find the right people, and put them in place to make sure ideas work for the benefit of a vision, organization, and others. However, unlike freelancers, an entrepreneur’s success is dependent on everything they put in place to work as planned. If one of the moving parts fail to work it can slow down the payment process and they can even lose money.

 

5. Working in your business or on it

People often mistake owning a business with being an entrepreneur. Owning or starting a business does not necessarily make someone an entrepreneur. Nor does it make them a freelancer. If you start a business based on a skill that you have and it requires you to be involved in that business to produce the product or service then you are a business owner.

You may take the time to develop new ideas and visions for your business but they are not new concepts to the world. You are expanding on skills already known to the world. If you are only willing to perform a certain task in a business and envision only working a certain amount of hours in a day or week, you will be playing the role of a freelancer.

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” – Colin Powell

The realization is that times are changing, and quality of life holds a new set of values for people. The world we live in is demanding new ideas and new ways of doing things. With ingenuity and perseverance, new opportunities are being created every day and modern technology has given us accessibility to resources that were once out of reach.

These very resources have given us the ability to fulfill those demands for new ideas and allow us the chance to live a life that is built around our passions and dreams. Whether you start a new business, become a freelancer, or create the next life changing thing… whatever you do– Do Good Things!

When are you going to start your new business or become a freelancer? Please leave your thoughts in the comment section below!

I am a 5 time stage 4 cancer survivor who founded a company called 2 Dream Productions,Inc. There was a time in my life I did not think I would get to live my own dreams so I created a company to help others live theirs. It was through their dreams I began to live my own. I am contributing writer for places such as the Huffington Post, The Good Men Project, and She Owns It. My goal is to inspire others to live their dreams and to leave a legacy for those who dare to believe that anything is possible. You can find me at www.michellecolonjohnson.com and on Facebook at www.facebook.com/2DreamProductions?pnref=lhc.

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Are you completely new to networking?

Then this article is a great place to start. Networking isn’t hard on paper…you go along to online and in-person meetings, make new connections and build relationships, and those relationships lead to more work so you can grow your business! The challenge is that in reality, it isn’t quite so straightforward, as our emotions get involved and make things much tougher.

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Rock up with confidence

If you want to keep those nerves at bay and ooze confidence at networking get-togethers, you’ll need to downplay it rather than seeing it as a big occasion. Try not to put pressure on yourself and see it as a casual meet-up with a bunch of people with similar goals to you. To help you relax in the run-up to the event, be sure to set achievable goals and expectations before you go.

Keep your chin up and your goals in mind – positivity is key. One easy goal for your first networking meeting is very simply to speak to one other person and see where the conversation goes. Introduce yourself and your business, but take the time to listen to their story, too. It’ll only take a few minutes and will be over before you know it, so it’s nothing to fear. You may even enjoy it and want to speak to a few more people, too!

“You can close more business in two months by becoming interested in other people than you can in two years by trying to get people interested in you.” – Dale Carnegie

Where to go networking

If you’ve never been networking before, it might not be very easy to find a group – but only because there’s so much choice and you don’t know where to start your search! Groups come in different sizes and styles, so it’s important to find one that suits you and your business. Informal, formal, big, small… the choice is yours.

For your first meeting, start small to ease yourself in – a big group could prove too daunting, and stop you from feeling comfortable enough to get involved. After all, you want to make a strong first impression!

If you’re wondering which group to opt for in the long-term, give a few a go! Get a feel for them, speak to as many people as you can, and see which one suits! You’ll know when a group feels right for you, and you can see where those all-important relationships are most likely to be built. If a group doesn’t feel like the right for you, give a different one a go.

Get more leads and referrals

This will happen for you, as long as you put the effort into building those relationships. If you take the time to get to know people, and then check in with them and support them, they’ll see you as a trustworthy and reliable contact who they can call on. And when they feel that way, those leads and referrals you’re looking for will come a-knocking.

Once you’ve made relationships with people who you trust, and they’ve had a positive experience working with you, you can even ask for referrals! But don’t rush this, as you don’t want to inadvertently push people away or try and force the relationship along too quickly.

When you do get an opportunity to work with someone you’ve met at a networking group, go above and beyond to offer more value than they’re expecting, as then, they’ll be much more likely recommend you and introduce you to more of their contacts!

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