While you may be a freelance writer or artist, you may wonder if you have the capacity to be entrepreneurial rather just a freelancer. Your mindset as a freelancer could determine if you start to act more like an entrepreneur regarding your work. As a freelancer, there is a level of autonomy that you will not find if you work for a major corporation where you had no control over your income. Here are some interesting facts on this subject.
Freelancers with an Entrepreneurial Mindset Are More Satisfied
According to the 2012 Freelance Industry Report, 92% of freelancers who saw themselves as entrepreneurs stated that they were happy in their careers. Interestingly, 86% of those who do not see themselves as entrepreneurs say that they are happy too. We see that both groups of freelancers are satisfied but those who think like entrepreneurs are happier.
Entrepreneur-Minded Freelancers Work Longer Hours
The report also stated that 32% of freelancers who have an entrepreneurial mindset work at least 40 hours or more a week compared to those who do not think like an entrepreneur, which was 23%. This is probably because the entrepreneurial freelancers are driven to please their clients and they want to do everything they can to build success.
Entrepreneur-Minded Freelances Promote Their Services More
A freelancer who spends a lot of time seeking new clients is more likely to succeed in this business because the report stated that 25% of entrepreneurial freelancers seek new clients while 13% of those who do not think like an entrepreneur actively seek clients.
You Create Jobs If You Are An Entrepreneurial Freelancer
The report also mentioned that 46% of entrepreneurial freelancers are more likely to outsource some of their tasks compared to the 27% of those who do not think like entrepreneurs. This shows that an entrepreneur is someone who is interested in helping others earn income and hone their crafts.
How to Become More Entrepreneurial
One way to become more entrepreneurial is by increasing your bids. If you work with a freelance website, you should spend at least thirty minutes searching for prospects and sending bids to them. Another thing that should be done is to increase your productivity, and if your client gave you a workload of assignments, you can outsource them to other freelancers. It is also necessary to tell your friends and relatives about your work so they can seek clients for you. It also helps to research the average salary for freelancers.
Benefits of Entrepreneurial Freelancing
One benefit of entrepreneurial freelancing is that you set your own schedule, although you still need to have assignments completed by certain dates. Another benefit of this type of entrepreneurial freelancing is that you are able to earn more money than if you were working for a corporation or a low-wage administrative job.
How to Learn More about Entrepreneurial Freelancing
One way to learn about entrepreneurial freelancing is to talk to other freelancers about their experiences. You can also read books and magazine articles on this subject. Attend freelance conventions so you can learn the business side of this profession.
Freelancers, who develop the entrepreneurial mindset work longer hours, work harder to get more clients and are the most satisfied with their work than those who do not see themselves as entrepreneurs. Freelancers should see themselves as entrepreneurs because they are able to create new jobs by outsourcing jobs to other freelancers.
Taking your freelance business to be the traditional business makes you to adopt a more business-like approach anything that is done, and there are certain key functions that must be evaluated and improved from time to time. Therefore, the different “departments” needed to be run for a successful freelance business are Sales, Marketing, Operations, Human Resources, Customer Service, Production, Finance and Accounting, and Research and Development.