So I'm Already An Entrepreneur?
When I decided to do a career change, entrepreneurship once again became a goal of mine but I had no idea when it would happen. Being your own boss seems like an actual possibility these days but I thought it would take a few years of school and experience to be able to call myself one.
For most (if not all), becoming one takes a huge leap of faith. Having your own business isn’t all coffee shops and staying in your pajamas all day but I knew it was something I wanted. Come to find out, I’m already one? Kinda sorta?
At the beginning of the summer, I started at my company as a full time intern. I worked 40 hours like a normal 9-5 and was “employed” by the company. Once the summer ended, they decided to keep me on. Not as an intern, not as an employee, but as a consultant. At the time, I actually had no idea what this meant. It wasn’t totally explained to me so I naively said OK! and signed the contract. I’m not putting the blame on my company as I didn’t even ask questions but it would’ve been nice to know exactly what it entailed.
For those who don’t know, a consultant is an expert in a certain area that a company can “hire” with a contract. The contract is only for a certain amount of time (mine is until December) so you’re not actually a full employee. You’re “hired” as an individual so in a way, you work for yourself but contractually with a business.
There are perks to this like you have flexibility of scheduling as long as you work your agreed hours and can end the contract at any time for any reason. This can be great just in case your company turns out to be a nightmare. However, there are cons too like no sick days, PTO, paid holidays, or benefits. If you don’t come in, you don’t get paid. Oh and I also learned way later that consultants pay more in taxes versus an actual employee. Great.
Being in consultant isn’t necessarily a bad thing. It does come with a lot of freedom but in events like emergencies or any other event where you can’t work, you’re stuck. I do wish I were an actual employee so I can get PTO and paid holidays since everyone else does. Luckily I’m still holding onto my parent’s healthcare but once that’s up I can never get sick.
So my question to myself now is am I technically an entrepreneur? I feel like the answer is a (sort of) yes but also a no since I didn’t even know. I do have a freelance client so that counts but it just seems a bit weird.
Sorry if this post is a bit all over the place, I’m trying to work this out in my mind…