Can Freelancers become Entrepreneurs?

The freelancing economy is collectively valuated at $1 Trillion last 2016 in the U.S. alone.

55 million freelancers (35% of the workers of the USA) contributed to the freelancing gig economy in the U.S. By 2020 it is predicted to reach 43% and by 2030 it will go up to 80% of the global workforce” – Upwork

What does it mean? And what does freelancing have to do with you becoming an entrepreneur?

90% of startups fail, so freelancing is a great way for you to test your skills, such as negotiation, multi-tasking, pitching to new clients, time & project management, etc – before you take the BIG step of starting a business, hiring staff, renting an office, etc.

They say that the trick to getting ahead is to get started – so freelancing is a great first step.

Jack Ma never became the Asia’s richest overnight. He actually applied (and was rejected) from KFC 24 times. Our CEO Paula Mills did not right away found the Academy of Entrepreneurs after college, she freelanced several jobs in the PR industry before she turned it into an award-winning PR agency, and only after lots of projects she decided to consult for the education industry and after 10 years (yes TEN years with countless failed projects) she launched the Academy to help first-time entrepreneurs become successful – via a disruptive & accredited model.

Our recommendation? Start freelancing now, it is your stepping-stone towards becoming an entrepreneur in the near future. You can use this opportunity to help you prepare, learn, and navigate your way up to having your own business. And it is a great way for you to start building your networks. It pays to be well connected with people that might be able to help you or mentor you in the future.

Email agustin@aestudy.com and ask him for a copy of our free HOW TO BECOME A FREELANCER e-book

There’s a great reason to be part of the ever-increasing valuation of the freelancing industry. It gives you the opportunity and flexibility to work on multiple clients and projects that you are passionate about.

When freelancing you don’t have to work on something that you resent doing. You can pick projects you are passionate about and that use your talents.

And there is more to freelancing life than just work schedule flexibility and good pay. If you ever desire to build and boss your own company, freelancing is the perfect venue for you for so many reasons.

  1. With the work schedule flexibility it offers, it creates an opportunity for you to have time thinking and conceptualizing your idea and how it can be turned into a profitable and scalable business.

  2. With your freelancing experience, it creates an opportunity for you to earn and learn at the same time. Since you are working on multiple projects and you collaborate with multiple people, use it to your advantage, learn as much as you can. Aside from just learning through work experience, it is also advisable that you take another class that will complement what you have learned or elevate the level of your current skills, be it through an informal study, face to face learning, or online. Trust me, it will be helpful to you in the future. When the situation calls for it, you can easily pull the learnings and skills you already banked to solve the problem at hand in your own business.

  3. Convert your freelancing hobby into a business. If you have the knack for website design, graphic design, bookkeeping, or programming, or other skills, you can use these talents to become the very core of your future business. Eventually, you can build a company out of it that offers consultancy for graphic designs or a company that develops mobile apps and websites.

  4. It helps you become more creative and competitive. With multiple clients, you are working for and with ever-increasing demand and competition, it will push you to become more critical of what you do and how you can deliver it beyond expectations. It helps you become more agile which are necessary attributes of a business owner.

And the best part, you can start freelancing on the side of your full-time job and it has lots of benefits like;

  • Increase your income
  • Build your skills
  • Nail down your pricing strategy
  • Create your own personal brand
  • Develop valuable connections
  • Discover your passions
  • Learning discipline

So, can freelancers become entrepreneurs?

A resounding yes! And you should try!

The entrepreneurship journey is not a straight forward line and it’s not easy, but with your freelancing skills, it will aid you along your journey.s

Email agustin@aestudy.com and ask him for a copy of our free HOW TO BECOME A FREELANCER e-book

If you have any questions or need any tips, just contact me at nico@aestudy.com

Author: Nico Luciano

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