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How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur - Daniel Priestley
Deep Dive with Ali Abdaal
Challenges of Becoming a Freelancer
Becoming a freelance writer may seem appealing for the flexibility and lifestyle it promises, such as working remotely from anywhere. However, the challenge lies in consistently winning clients to sustain this lifestyle. Frequent client hustling is required, with 30-50% of the time dedicated to acquiring new clients. To mitigate this challenge, freelancers may split their time among several clients, aiming for retainers and higher pay. Despite the allure of freelance work, it lacks a clear career path and may lead to a lack of motivation, financial burdens, and administrative tasks like taxes and invoicing. This setup combines the downsides of both business ownership and traditional employment without the corresponding benefits. To overcome these challenges and think more entrepreneurially, freelancers need to create their career path, establish motivation, and develop a business mindset to navigate the uncertainties and complexities of freelancing effectively.
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