What kind of Entrepreneur do you want to be?
So you are an entrepreneur or want to be an entrepreneur. You need to decide what type of entrepreneur you want to be.
Here is the definition of an entrepreneur: a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Definition of a freelancer: A freelancer is a term commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-term.
A Freelancer offers their time and energy servicing their entrepreneurial idea. Whereas a traditional entrepreneur will implement systems and have people carry out their creative ideas so they are not in the trenches doing the work of business.
According to investopedia.com – here are the top paying jobs for Freelancers:
1. Writing – Freelance articles, blog posts, books, etc.
2. Translations - If you're fluent in a second language, translation can provide an excellent opportunity for freelancing.
3. Photography - A freelance photographer who specializes in wedding photography can easily start his or her pricing at $2,000 for a few hours of shooting, plus some editing time and go up from there.
4. Social Media - Social media may not even have existed a few years ago, but today's knowledge of how social media works can result in a healthy income for a freelancer. While newcomers to the field may charge around $15 per hour, experienced social media experts with a proven track record can charge up to $250 per hour.
5. Mobile Development - While web designers and developers, in general, can make a lot of money freelancing, mobile developers, in particular, can earn a lot.
6. SEO - There are a few absolutely top-of-the-line SEO specialists who charge $1,000 per hour. It's more common for high-end freelancers in this field to charge between $300 and $500 per hour, which is still very good.
A freelancer typically does not have to invest the same amount of money or be the risk taker that a traditional entrepreneur would. For example, Richard Branson; he has created hundreds of companies and has set up people and systems for the companies to run so he isn’t involved in the day to day operation which gives him the freedom of traveling. So some questions you should ask yourself is ..
What type of Entrepreneur do you want to be?
Do you want to be in the day in and day out activities of your business?
What does a successful business look like to you?
Where do you want your business to be in 5 years?
Answering these questions will help set you up for the type of business model you ultimately want to achieve and to set the foundation work now.