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Business Terms
Freelancer
Definition
A self-employed individual who offers services to multiple clients without long-term employment commitment.
Overview
Freelancers work independently, managing their own business, clients, and schedule. They're responsible for their own taxes, insurance, and benefits.
Example
A freelance writer works with five different clients monthly, setting their own rates and schedule.
Best Practices
Establish clear contracts, set professional rates, and manage your business administratively.
Common Mistakes to Avoid
Underpricing services
Poor contract practices
Not saving for taxes
Frequently Asked Questions
What's the difference between freelancer and contractor?
Often used interchangeably. 'Contractor' sometimes implies larger projects or B2B work.