As a millenial, I have the goal of one day paying myself a salary. But to do so I must know what that truly means. What is the difference between entrepreneurship and self-employment? Assuming that they are different.

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Posted by Nile Godfrey (MONEY FORUMS: 4, Answers: 0)
Asked on April 5, 2016 9:35 pm
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I think self-employment can take many forms, including entrepreneurship. Being an entrepreneur typically means building a business with other people in it. I’m a freelancer and self-employed and I work by myself and for myself with no plans to grow into a company. Create a product or sell a service you can do to get started!

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Posted by Melanie Lockert (MONEY FORUMS: 0, Answers: 66)
Answered: April 8, 2016 6:10 pm
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I don’t know that there’s a huge distinction, but I call myself a freelancer and not an entrepreneur.

Basically, as a freelancer, someone else still pays my salary, but I’m in charge of benefits. I build up a book of business, but not a business proper. Building a business isn’t my goal right now.

Most of my family are entrpreneurs. They want to build large and lucrative businesses. They don’t take salaries at first (living off of a day job or the sale of previous companies), but eventurally they incorporate, treat themselves as an employee and as a stockholder.

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Posted by Hannah Rounds (MONEY FORUMS: 1, Answers: 54)
Answered: April 6, 2016 4:34 pm