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Are You A Freelancer Or A Small Business?

Businessman with laptop computerAre you a freelancer or a small business? It’s a fair question, and one that’s critical for you to answer in order to ensure your path will lead to the success you’re chasing. The following will help you determine whether you’re a freelancer or a small business and which presents the best opportunity to help you achieve the work life and lifestyle you want.

Freelancers and small business owners both work for themselves, technically, and both have clients or customers. A freelancer is a single person; a small business can be a sole entrepreneurship. In both cases, you complete projects – be it writing, graphic design, consulting or anything else – for clients, who pay you. So what’s the main distinction between the two?

In a word: mindset. The freelancer mindset is that of a lone wolf, someone who gets to pick their customers and work on the projects they want – at least to some degree – with little overhead or hassles. A small business can run lean as well, but if a freelancer wants to maximize success they need to start thinking like a small business.

I’m not saying it’s bad to be a freelancer. Many people work entire and lucrative freelance careers, and that’s how they prefer it. But others have aspirations of earning millions as business owners, moving away from the work into management, and even moving away from management into simply cashing in on what they’ve built. Few freelancers are able to make that kind of money, and freelancers must always perform the work.

When a freelancer’s workload is full, they must schedule projects in advance or turn them down altogether. Time is a major constraint for freelancers, and it limits income potential. The small business mentality dictates that rather than turn a project away, it’s better to delegate someone else to handle the task. The small business mindset builds teams and develops systems, striving for automatic business processes that earn profits.

If you want to maximize your financial success, it’s important to ask yourself whether you’re a freelancer or a small business. If you’re a freelancer and you want to be a small business, it’s time to make decisions that will put you on that path. Start thinking like a small business owner. Start delegating. Start growing your business.

Here’s an easy way to evaluate where you stand: for the next week, analyze every work-related task you do and ask yourself if your role was that of a freelancer or a small business. Determine whether decisions you made were from the perspective of a freelancer or a small business. At the end of the week, you’ll see a pattern of behavior that will reveal whether you should stay the course or make adjustments in order to achieve your work and life goals.

About the Author

Brian Morris writes for the PsPrint Design & Printing Blog. PsPrint is an online commercial printing company. Follow PsPrint on Twitter @PsPrint.

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