Self-employed means a broader and bigger thing.
- you don’t trade your time for money. that’s the main thing
- your treat yourself like a brand and build a personal branding
- you have or yet-to-have regular helpers (with website, social media, assistants, i.e. freelancers you hire to take some workload from you)
- you have a system of several steams of client flow and cash flow and when one is down, you backed up, so
- your stress levels are a bit lower but not that low as 9-5 employed
Both freelancer and self-employed person
- can have a system in getting clients (cold-emailing, reels, SEO)
- can have a signature style and personal branding
- can have all different kinds of projects bits of this and that
- can have 80% projects they don’t like but still take to pay bills
- can have several returning clients who sustain their welfare.
However freelancer is more about these:
- trade their time for money
- relying more on word of mouth, job aggregators (airtasker, upwork, fiverr), social media presence,
- live from project to project in short-term basis, when there’s a need to manually look for another project and 1 week — 2-6 months in advance booked,
and overall cons:
you are alone in these and even having a company as a team, you are still irreplaceable.
Self-employed
- can take a time off still having some systems running and assistants/passive income working
Freelancer
- as they trade their time for money, it means a full stop in income and projects
P.S.
Let’s not forget there are successful self-employment and unsuccessful. There can be a freelancer who does their job that good that can take a year sabbatical and won’t notice the difference (I do think they exist), and there can be a self employed having all the systems running, but the services and products are so unpopular or of a bad quality or marketing isn’t working well, that they have more losses than gain.
But yeah, Self-employed is kinda more serious than freelancing.
AAAaand just a post scriptum thoughts on being 9-5 employed
- you’re more stable
- your stress levels are 3 out of 10 about money
- you don’t have to spend time and effort on looking for clients
- you have a company in faces of colleagues
Cons:
- you are told what to do and projects 80% what you don’t like but they pay bills
- your stress level is 7 out of 10 about not doing your own thing
- you have to interact with colleagues (depends if you like it or not)
This web platform doesn’t have a comment feature, but I always curious about your thoughts
So please send me those, if you’d like
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