model

Top Tips for Defining Your Solo Business Model

The label you choose is as important as the product you produce.

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The following excerpt is from Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, out now via Entrepreneur Press. Pre-order now from Amazon | Barnes & Noble | Bookshop | IndieBound. 

You’re running your own solo business. That’s great! But what kind of business ARE you, really? The bottom line is that whatever you choose to call yourself, if you earn income on your own and not as wages from an employer, you’re a business owner. There is no legal or financial difference between being a business owner and being self-employed or an independent contractor.

The different terms for self-employment have gray areas and overlap. Ultimately, how

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