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I am a part time freelancer since last 4 years along with full-time job. Sometimes it feels like being your own boss and sometimes subcontracting the work gives me pleasure of being an investor where money works for you while you're sleeping.

Reaping the benefits of such experience, I consider myself to start my own business. Is it good thinking or just vague imagination? How running a startup is different from being freelancer?

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Having done both:

Startup is to freelancing like - take your administrative overhead and multiply by 100. Also take your responsibility and your worries and multiply by 100.

  • If you are good at your job, stay freelancer.
  • If you are good at finding people who are good at their job, start a company.
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    Very calculated answer...
    – PD Pro
    Oct 11 '17 at 13:26
  • @Daniel, if a freelancer gets ill, or a contractor goes on holidays, they don't earn any money. However as an entrepreneur, your business keeps running and billing. All you have to do is delegating tasks and keep an eye. As a freelancer, you're basically trading life for money. But at the end of day you can't go to the supermarket and buy life.
    – derloopkat
    Oct 12 '17 at 16:10
  • I want to see that startup where the founder can go on holiday in the startup-years! As a Freelancer, if your sick and holiday time is not factored in, your are doing something seriously wrong. You should find an employment. And NO you are not trading life for money, you are trading your time for money - same as any employee would, just with a slightly different economic approach.
    – Daniel
    Oct 12 '17 at 16:14
  • Ah the ... keep running and billing: its actually the return of investment (time=money). Startup is kind of a high-risk, high-yield investment. It can as well bankrupt you, especially if you are not skilled in this kind of "investment"
    – Daniel
    Oct 12 '17 at 16:16
  • @Daniel, as a contractor in the UK never got any money when sick. Time is life, because time is not a renewable resource. My bosses were at home with their families or travelling and come to the office once a week. When a limited company is declared bankrupt, it is the company that is bankrupt and not the persons behind the business. My savings are safe as I'm not liable for the company's debts.
    – derloopkat
    Oct 13 '17 at 11:16

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