10 Effective Entrepreneurial Mindsets to Skyrocket a Freelance Business
Being a freelancer means a lot of things.
You are no longer an employee, you are your own boss. Having said that, a boss has to take care of everything that directly or indirectly affects his business.
Now, you cannot just worry about one thing and leave. You stay because the whole damn empire is yours which means never ending work!
So now, why every freelancer must think like an entrepreneur? Because an entrepreneur is a complete package and having that mindset can accelerate your growth and set you up for big things.
Remember, every action begins with a thought !!
Qualities of every successful entrepreneur:
Incorporate these 10 supreme qualities to grow your freelance business super fast:
- Self-starter and self-motivated
- Risk Taking Ability
- Flexible to changes and has adaptability
- Strong management skills
- Enthusiastic learner
- Smart Decision maker
- Innovation and ideation
- Hard-working and dedicated
10 Entrepreneurial Mindsets to Skyrocket a Freelance Business
You have to look at your work as your business so as to make it grow. Even if it is just a blog at present, look at it as a business venture and think of ways to branch out make great things out of it otherwise, it will always remain ‘just a blog’.
An entrepreneur mindset can help you in the following ways:
1. Grow and sustain your freelance business:
If you are a freelance writer and hon other skills like SEO, WordPress, Social Media, Content creation and writing advertising copy which comes under the umbrella of copywriting, learn to bifurcate and choose your clients effectively.
You can charge for each of these skills separately if you show the client how can you add value. This way you can literally grow your clients and also retain the existing ones with ease. Know your skills and think like an entrepreneur.
Entrepreneurs constantly look for innovation. This helps them to flourish and perform excellently. If you can think innovatively, you can create so many new ways to increase your income and generate passive revenue.
For example, if you are a content writer then rather than just writing for your clients, you can write for yourself by starting a blog or a social media page or writing an e-book to generate additional revenue while helping hundreds of people who read your stuff.
3. Take risks:
I am not talking about taking mindless risks or risking it all in. I am talking about not being afraid to take calculative risks and act upon your ideas even if there seems uncertainty.
Some risks are essential for your growth so, measure all the pros and cons and take the leap of faith! An entrepreneurial mindset will help you be firm and take calculative risks from time to time. Fear is the one thing that stops us from doing great things.
So, analyze your fears and confront them. Hope out of your comfort zone from time to time! Trust me, you will feel liberated and so good about yourself for doing it!
4. Moving on despite setbacks:
Setbacks and failures are a part and parcel of life. Dealing with them isn’t very easy but not impossible either. Looking at life from a broader perspective helps.
Freelance life is extremely uncertain as your income isn’t steady. Your ideas may not always work out, your projects may get rejected or you may or may not have enough work.
At such times, having the strength to deal with the situation while coming up with alternatives and solutions is the skill which one must learn.
And not just about freelancing, companies shut down, projects collapse, the market crashes down so there are uncertainties everywhere. An entrepreneurial mindset will not only help you to grow your professional living but it gives a boost to your personal life as well.
5. Manage multiple things:
As a freelancer, you manage a lot of things at a time probably alone. Likewise, as an entrepreneur, you have to manage unlimited things simultaneously.
So, with an attitude like an entrepreneur, all the additional work that comes in along with dealing with the client and doing the actual work, does not overwhelm.
You may also delegate some of the work like managing the accounts or handling the technical aspects of your freelance business to other experts and you focus on the core aspect of the job that you are passionate about.
Learning to delegate is also a key skill. Finding the right people for the right job is the key you need to master in order to grow. Working with wrong people can drain you and increase your workload rather than decreasing it!
6. Be organized:
I cannot emphasize this point enough. Imagine you working on an important project and cannot find that very important document which you need right now.
Or think about forgetting an important meeting which you yourself scheduled last week, and what about forgetting your pending payment?
Yes, that happens, happens to the best of us! Especially when you are a freelancer or even an entrepreneur, you got to be doubly organized.
Firstly, organize your mind and thoughts which is the most difficult one so, meditate. I have spoken about this in detail in my last article which was about “How to be more productive and avoid burnout.”
Secondly, organize your work area, if you do not have a work area and you work from your bed, please get yourself a workstation that will work wonders for your freelance business.
Lastly, organize and plan your work, get your schedule in place, have bulletin boards if you tend to get forgetful at times, make a to-do list and get things done!
7. How to get things done and be an achiever:
Successful entrepreneurs never like to be stagnant. Growth must be a constant factor not just as an entrepreneur or freelancer but as a person.
So, having an entrepreneurial mindset will give you the direction to start with! Once your thought process starts, you get more and clearer.
8. Goal and Evaluation oriented approach
Most freelancers and entrepreneurs are superlative goal setters. They set goals for their client-facing work. They set goals for their businesses. They set goals for personal development.
They also pursue these goals single-mindedly. And they know that work and life are iterative processes which they time and time again have to evaluate and re-evaluate to meet their goals.
If you want freelancing and entrepreneurism to give you a sense of achievement and self-worth, a lot of that comes through creating and attaining goals and being able to evaluate, correct course and set new goals along the way.
9. Make short-term, medium-term and long-term goals.
Short term can be monthly goals, the medium term can be for 6 months and long-term can be yearly or for 2-3 years, it totally depends from person to person. Further, divide your short-term goals into individual tasks and work on them little by little every day.
Whenever you find yourself feeling overwhelmed please remind yourself of your goals, so you will come back to the present tense and start taking constructive action. When you are free, all the negative thoughts start shadowing you!
10. Read Like a CEO
You know what; the most important thing that separates entrepreneurs from the rest of the world is, their immense knowledge to deal with any kind of situation. They can literally take over any work which is to be done in order to achieve their target.
Here are some of my favorite books that every freelancer must read. Check out this concrete list of Books for freelancers:
- Tools of Titans by Tim Ferriss
- The Four Hour Workweek — Tim Ferriss
- The Content Trap: A Strategist’s Guide to Digital Change by Bharat Anand
- Stop Thinking Like A Freelancer – Liam Veitch
If you treat yourself just as a freelancer or a service provider, there are high chances of you getting overwhelmed and even thoughts of quitting in the long run.
Freelancing seems fascinating in the beginning to all the corporate employees who complain of not having the time for anything else.
You think it is a serene lake but when you actually jump into it, you realize it’s an ocean! Yes, freelancers do have the liberty of working remotely and the freedom to work at any given time.
However, if you want to become successful as a freelancer, you must get ready to work doubly hard and churn out smart strategies for a consistent flowing income which is a dream for many!
To conclude I would just quote “Entrepreneurship is neither a science nor an art. It is a practice.”
If you want to set your life up for success be it professionally or personally, an entrepreneurial mindset will help you get there faster by accelerating your speed!