Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Monday, January 2, 2023

Time and remembrance – the time limit of freelance work and its significance

 

[3 sand hourglasses*]

The one element in life influencing all work environments is the fact that a day is only 24 hours long. For freelancers of all kinds, including translators, that limitation effectively caps the potential amount of work that can be accomplished in any given period of time without outsourcing. Moreover, understanding this framework allows freelancers to create a long-term work strategy, market more intelligently and cooperate productively with colleagues.

A sustainable work day, one that will not cause extreme exhaustion and/or burn out, ranges from 6-10 hours a day. The actual working time depends on the specific assignment, with some tasks requiring more concentration and energy than others, individual capacity, which involves age, lifestyle choices,  health, manner of brain functioning and motivation, as well as outside demands, notably children, running a household and possible holding another job. Actual productivity also varies for similar reasons. As a result, there is a finite and generally predictable limit to how much any single entrepreneur can accomplish on any given day.

Given this limit, it is advisable to plan carefully, seek the most profitable work and avoid being greedy. Far too many freelancers promise the moon in terms of deadlines. Some knowingly lie but many simply are overoptimistic. The fast way to lose business in the service industry is to miss deadlines. Disappointed customers rarely offer a second chance. It is better to try negotiate the deadline as, more often than not, deadlines are not as firm as indicated.  For example, Friday afternoon is actually Monday morning is most cases. As a result, freelancers need to properly estimate the time required to deliver a finished product both in terms of hours and days and allow a sufficient margin for unpleasant surprises. Given this timetable rigidity, it is generally better to seek and take on projects involving high productivity either due to specialization or experience, thus maximizing the quantity as well as the quality of the work. Quite often, short jobs, sometimes less than an hour, are quite profitable in terms of hourly income if they can be completed with sufficient efficiency. The worst strategy is to take on any project without realistically considering scheduling issues and end up overloading the day. The results tend to suffer from many errors often accompanied by late delivery, the express route to customer dissatisfaction. Therefore, effective freelancers consider their schedule carefully before taking on any project.

Given that a sole entrepreneur cannot handle a huge volume of project, marketing become more directed, straightforward and sometimes even less expensive. A sole individual generally cannot and should not take on a massive service contract from a large company, On the other hand, a given department or geographical area may requires certain services on an more infrequent basis, which may be relevant for the individual entrepreneur. An example is medical translation where material must appear in a host of languages, far beyond the capacity of any single translator. In this case, medical translators work the specialized language agencies that manage such projects. In short, freelancers need to direct their marketing to specific niches that create a balanced situation: attainable demands by the service buyer and sustained capacity by the provider. Since freelancers can narrowly focus their marketing, the actual expense often decreases as the goals become more realistic. It is far less demanding in both money and time to reach a focused audience than aim for a wide client profile. In this way, the work limitation makes it possibly to economically and efficiently market services.

Finally, since work capacity of a freelancer is by definition finite, there is enough work of all colleagues in a given niche to work. It is not a zero-sum word, i.e., my colleague receiving a project does not mean I will not receive work. This approach allows colleagues to cooperate and help each other in terms of knowledge, encouragement and work. A productive approach is that sharing knowledge and techniques is not helping the enemy but building a community. As it is impossible to be expert in all aspect of a business, it is very useful, even vital, to have expert sources. Because giving and receiving are closely linked, it is important to establish that community before the hour of need arrives. This community not only provides knowledge but meets the emotional need of understanding. Too many freelancers are alone, socially and/or professionally. Given that every business has its ups and downs, it is calming to have people to whom to complain that not only understand the situation but maybe can offer a positive vision. Colleagues may not be close friends but they often comprehend the entrepreneur situation better than life partners. Finally, since the nature of freelancing is too often feast and famine, it can be mutually benefit to pass on extra work to a colleague. Not only are clients grateful that they don’t have to locate another service provider, the colleague may be suffering a down period. Since no one is immune from such occurrences, we do get by with a little help from our friends. There is generally enough work for everybody, making it possible and profitable to cooperate with colleagues.

A sole freelancer is not a company. There is a limit to what can be done in any given day or week. It is vital to remember that since time is limited, schedule carefully, market wisely and share generously. A working day is finite in terms of time, a fact that should be remembered.



* Pictures helps the blind fully access the Internet.

Picture credit

Sunday, October 30, 2022

Independent thinking – Why freelance?

 

[laptop with many sticky notes*]

Becoming a freelancer can be a leap of faith, act of desperation, natural direction, considered choice or, most probably, some combination of those. In practice, people begin their freelance careers for reasons involving positive choice, need or general dissatisfaction. Regardless of why they begin, long-term success as an entrepreneur requires clear emotional benefit from “doing on your own”.

Some people have a very clear picture of their future. Even if they are unaware of the reasons, they actively search for specific elements in their job choice and are willing to ignore all disadvantages of a life style. For example, many entrepreneurs want to make as much money as possible, as simple as that. They measure their success by their income, using that as a base for all decisions. In the past, many such people gravitated to sales but today startups also provide an ideal playing field for entrepreneurs driven by the need to be rich. Others are less concerned about their income, to a certain point, of course, but seek work where they will be their own boss. They simply do not tolerate bosses and choose to avoid the issue by being independent. For these people, freelancing provides an ideal framework.

Far more freelancers began their journey due to a lack of choice. The corona crisis only accelerated the trend of redundancy. Due to mechanization, computers and online communication, many jobs have changed in nature, not always to employee satisfaction, or disappeared completely. The “collateral damage” is countless workers, young and old, unemployed or underemployed, that need to find a way to earn an income. “Work at home” is often the only option, however alien that concept is to the person initially. Even those fully employed often find themselves struggling to make the end of the month and seek additional sources of income during their free time. In some cases, chronic health issues, such as stress-linked illnesses, make it clear that it will be impossible to continue the current lifestyle. As they say, necessity is the evil stepmother of invention.

Sometimes, a feeling of general dissatisfaction pushes people to seek alternative employment, part time or full time. It may that after 20 years, the job is no longer interesting. There are cases of people feeling that their talents and contributions are underappreciated. Many older workers feel that they are ready both professionally and emotionally to go out on their own as their current place of employment no longer offers them any challenge. Regardless of the cause of this malaise, this search for a better situation pushes workers to jump into the deep water and see what they can do.

Yet, as in most enterprises, many of those that attempt to freelance give up within a short period of time. However romantic freelancing may seem in terms of income, freedom and self-realization, it also involves long hours, uncomfortable tasks, uncertain income and direct criticism, justified and unjustified. The path to success is not clearly marked. Thus, entrepreneurship also includes errors, disappointments, failures and doubt. While some overcome those issues, many budding freelances do not have the nature or resources to do so and return to their employee status. There is no shame in that as not everybody can handle the uncertain lifestyle of a freelancer.

The key for success as an independent is having a strong basic instinct (to cite Silence of the Lambs). If a person is clear why they choose a certain life style, the attendant difficulties are much less meaningful. For example, if a person wants to have a “six- figure income”, the effort and sacrifice required to attain this goal is not a deterrent. Likewise, if a balanced life style is the goal, a reduction in income is a minor price to pay for a happier life. In my case, having the ability to say yes or no to a project gives me the freedom to work as hard as I want and can, a wonderful feeling after so many years in the golden cage of salaried teaching. It is not that I work less hours but I relish the fact that I am able to choose what, how and when I will work, within reason of course. Freelancing, like any life choice, is fundamentally choosing your priorities.

The reasons people choose to work for themselves vary and generally involve many factors. However, the key to long term freelance success, defined as satisfaction with one’s work, involve an awareness of key priorities and the price to be paid for attaining them. If a person wakes up in the morning looking forward to the coming challenges, the choice to go independent was truly correct thinking.

* Picture captions allow the blind to fully access the Internet.

Picture credit

Sunday, October 24, 2021

Time in the balance – how freelancers can create a sustainable work schedule

 

[lit lighter*]

Entrepreneurs, especially freelancers, lack an external framework to limit hours. Employers have legal limits in determining the number of hours they can make their employees work with most companies restricting the amount of overtime any employee can take on. Store owners may work long hours but most non-chains are not open 24 hours a day or even 7 days a week. Germany probably has the most extreme restrictions with the vast majority of stores closed in the early evening and generally on Sunday. Freelancers, solely responsible for their own success and generally highly motivated to work, often equate downtime with reduced income, ignoring the short- and long-term effects of overwork. However, by creating some consistent limits on daily and weekly work hours and proper management of workloads, freelancers can sustain a high level of productivity and enjoy life.

[character lifting weights]

First, it is necessary to define work. Judaism, due its Shabbat laws, has quite a volume of writings on this subject but instead I will use a Jewish joke to provide a workable definition. The story goes that two priests were discussing whether sex was work or pleasure and decided to consult their rabbi colleague, who had much more practical experience in the matter. Upon hearing the question, he immediately and unhesitatingly stated that sex was pleasure. When pressed for an explanation, he simply noted that if sex were work, his wife would have the maid do it for her. Consistent with that definition, work is any task that a person would have no issue having somebody else do in his/her stead while pleasure is a task that a person saves for him/herself. For example, while I do not translate on Saturday, I do write posts because I enjoy, even relish, the process of writing. Thus, on Shabbat, I do what pleases me, which happens to include writing posts. Therefore, for the purpose of this article, work is any task that you would not choose to do on a day off.

[up and down graph]

While at the surface it would be logical to think that more hours lead to more income, at a certain stage, the returns not only diminish but also decline. The first sign of overwork is reduced productivity and increased errors. Over time, it requires longer time to produce the same quantity of work, accompanied by every increasing number of errors. Reasons for this decline include reduced patience and increased mental fatigue.  Fortunately, a nice evening out generally recharges the battery. If a person ignores this overload for too long, burnout begins to develop, often expressed in less enthusiasm to start the day or a reluctance to take on challenges. When the brain goes on strike, it becomes necessary to take a few days off. Complete denial of overwork can lead to mental and/or physical collapse. The cost is heavy as many writing in Mental Health Week posts noted. The financial loss from the complete inability to function is much heavier than any associated with a short break from work, not to mention the harm caused to the relations with family and friends. In short, overwork is a preventable issue that is ignored at one’s peril.


[international clocks]
The first element of proper work management is the length of the work day. It is clear that the vast majority of entrepreneurs do not work from 9-5 or even 8-6. There are simply too many tasks to accomplish on most days. Freelancers working with customers with multiple time zones find themselves connected almost 24 hours a day. In practice, aside from being physically impossible over an extended time, such dedication to work turns a person into a robot, with no time or energy for family and friends. In order to balance the need for mental and physical health with the requirements of running of business, it is first necessary to identify and set hours for full business activity and those for monitoring communication. Specifically, as each person has individual peak times for thinking, such as early morning or late night, it is advisable to perform high concentration tasks during the most productive hours as much as circumstances allow. The freelancer should handle the lighter tasks in the tail periods. The actual length of the working day clearly varies by person as age and experience create different endurance capacity. I personally take a nap every day, allowing me to extend my work day to better cope with the time zone issues. As for responding to emails, it is perfectly legitimate not to respond to correspondence in the late evening as most people do not expect an immediate answer during those hours, with some exceptions. By limiting active working hours and allowing oneself not to respond, the freelancer gains several hours of downtime each day, a key for long-term health.


[Cat sitting in a bowl]
It should be clear that working seven days a week is not sustainable over a year. The problem is that special cases requiring us to work an entire week without a day off become the rule, not the exception. The only way for an independent entrepreneur to take a day off is to schedule it. The actual day of the week is not important but at least 24 hours without work is vital for sustainable work. For example, my wife and I have decided that we do not work from Friday night to Saturday night except in extreme circumstances. Our reason for keeping the Jewish Sabbath is not religious but instead practical as nobody in Israel or abroad expects us to work on Saturday, meaning we do not generally receive requests, thus facilitating our decision. I also do not work on Sunday nights as I watch US football and baseball but, again, it is easy to take Sunday night off as the whole world is recovering from the weekend. In practice, all that a freelancer needs to do to have regular days off is make a firm decision, which is admittedly easier said than done. However, insistence on at least one day of rest pays long-term dividends.


[stress attacks]
The last scheduling choice is the actual workload. Freelance business tends to be feast or famine, i.e., too much or too little. While the latter may not be healthy for the bank account, the former has the potential to harm the person. It is difficult, if not impossible, to define “too much work” as individual capacities and technological skill vary from person to person as does the effect of stress. Some people only perform at the best when they face a tight schedule. However, everyone does have a point beyond which the pressure created by the workload begins to create harmful physical and mental health. The key is to identify that point and be ready to schedule work in a manner that does avoid that point, even at the price of losing a project. I suffered from years from irregular heartbeat, which was aggravated by stress. One benefit was that it taught me to listen for the signs of stress and schedule work in such a manner that I feel confident in my ability to meet the deadline without killing myself. If a potential project creates uncomfortable stress, I state a deadline that fits my needs even at the risk of losing the project as my health is more important any specific project. Daily work scheduling is not a science but instead the art of managing the possible.

The results of overwork are financially, physically and emotionally disastrous. Entrepreneurs, especially, freelancers, should schedule the work day, work week and work load in such a manner that the they can sustain the pace and enjoy the money they earn. After all, money is a means for a goal, not the goal itself.


* Captions allow the blind to fully access the Internet.

All pictures from Pixabay.

Sunday, July 18, 2021

Worthiness – Freelancers and Fraudulent Syndrome

 

[Skeleton soldier*]

You show up at a conference or participate in a Zoom meeting and strive to put your best foot forward and sound successful. However, not far below the surface, seemingly obvious to everybody else, you think to yourself – "What am I doing here? – Do I belong here? – These people are true professionals, not like me." These are classic symptoms of the fraudulent syndrome and are experienced by numerous professionals, especially freelancers, not only in the beginning of their career but for many years. I first had this feeling when I attended my first conference and only filed it away a few years ago. The impact of a sense of inadequacy is not only emotional but financial. Freelancers in particular market (some would say “sell”) themselves more than their services as the quality of the latter will only be known after the initial project is completed. Therefore, entrepreneurs must work through the challenge and change their self-value to from negative to positive if they want to build a proper customer base.

[Half-full cup of water]
The cup – half full or half empty

Low self-esteem is not the only trigger for a sense of inadequacy. In reality, in any given field, a professional will find colleagues that are better in one or more aspects. That statement is accurate at all stages of a career. Thus, people can only control how they view the situation. In my opinion, the following facts are true to one degree or another for 99% of all professionals:

1.       Many of my colleagues earn more money than me but many of them earn less money.

2.      Many of my colleagues can produce a higher quality product or service than me but many produce lower quality work.

3.      Many of my colleagues worry less about income than me but many worry much than me.

4.      Many of my colleagues have more experience than me but many have less.

5.      Many of my colleagues are more recognized than me but many are less.

In other words, the cup is half empty, give or take a few drops. Freelancers can choose to enjoy the success they have achieved and strive to add to it. The relatively greater success of others does not fundamentally detract from the achieved success nor does the size of the group with less achievements eliminate the need for continual improvement. If freelancers, including translators, focus on the liquid, not the air, they can feel pride in their work and, importantly, transmit that confidence when working with customers.

Fake it till you make it

[Happy and sad mask]

Clearly, the vast majority of entrepreneurs do not develop this confidence overnight. It is a continuing process, shorter or longer depending on the circumstances. First, it is natural, especially in the beginning stages of a career, to feel less qualified than your peers. On the other hand, generational differences create reverse inequalities. Younger professionals often have superior knowledge and skill in computers and marketing, for example. Thus, it is important to keep the negative comparisons in perspective. Furthermore, fortunately, people cannot read our thoughts. It is important to project confidence in your ability and skills, hard and soft, as colleagues have a tendency to accept your self-assessment until you prove otherwise. This projection, derogatorily referred to as faking, most curiously becomes natural over time and becomes ingrained. In other words, through achievement, growth and active reinforcement, the projection becomes a reality. Instead of pretending that they belong to a group, confident entrepreneurs “know” that they belong. The alternative, projecting negative skills and potential, does not create any growth. If freelancers work on the belief that they have been personally successful so far, the belief becomes a reality.

[Wily Coyote]

Everything in moderation (including moderation)

Clearly, confidence and arrogance are two different attitudes. The former is a realistic assessment of one’s actual and potential skills while the second is boasting beyond any sense of proportion. For example, when inexperienced translators that are born and raised in Israel state that they can translate doctoral theses from English into Hebrew because they have studied the field of the thesis, I have no problem believing them. However, if they insist that that they can translate into English like a native English speaker, I am very skeptical about the claim and person. Especially in the early stages of a career, do like Theodore Roosevelt suggested and speak softly but carry a bit stick as it is more effective approach. Wile E. Coyote, Genius is not an ideal marketing model.


Human beings are both worthy of respect and often troubled by doubts. Entrepreneurs, especially freelancers, must project the former and work on the latter. They not only can but must strive to overcome the sense of inadequacy and realize their worthiness as professionals in their own right.


* Caption pictures to allow the blind to fully access to the Internet. All pictures via Pixabay.

Sunday, July 11, 2021

On advertising, marketing and freelancers

 

[Store marketing flow*]

Most freelancers find advertising and marketing a bit mysterious, confusing and/or disturbing in some way. For this reason, among others, they try to avoid investing in them on a regular basis. In practice, advertising and marketing are two different activities in terms of goal, method and measurement with marketing being a much more practical, effective and affordable for most entrepreneurs.

To explain, advertising is promoting short term sales. It involves exposing a product or service to a specific audience and encouraging immediate action. The customer motivation to buy may be limited time or supply or a notably low price. The promotion, whether in audio or visual form, emphasizes the product and the reason it is advisable to purchase now. Advertising generally involves a short-term, often high, cost. The business owner measures the results by comparing the estimated profit without advertising to the estimated profit attained through promotion, deducting the advertising expense. For example, if a new business advertises a grand opening, a successful advertising campaign would lead to a much larger showup to the event and an increased volume of sales on and around the opening. Likewise, if an established business advertises a product whose inventory it wishes to reduce or eliminate, it is possible to compare volume and profit before and during the campaign. Once the promotion is over, the seller returns to business as usual.

By contrast, marketing emphasizes brand over item. Specifically, it aims to create an identification between a service or product and the provider. As extreme examples, Google, McDonalds and Pampers each invest great effort in creating link between their name and their product, search engine, fast food and diapers, respectively. Marketing campaigns generally lack short term incentives to purchase, including low prices, but instead focus on a positive attribute of the product or company. A name-recognition effort can take on a variety of forms, including media adverts, sponsorship, signing, conferences and talking to your neighbors. The sky is the limit but many forms of marketing only involve investing time, not money. However, successful marketing does involve consistent effort as the fruits of marketing are invisible and slow and require multiple exposure. Simply put, it may take makes months or even years to financially profit from the effort even though the name recognition campaign is actually effective. Large companies can afford to conduct measuring surveys to ascertain the actual effectiveness. Most freelancers must have faith, a necessary attribute in all respects for a freelancer. Successful marketing requires long-term, directed action.

Advertising may be appropriate for some freelancers. For example, an accountant or translator specializing in tax form preparation and translation may try to reach companies and individuals in the first quarter of the year as the tax filing deadline creates a time incentive to purchase their service. Likewise, a recently established site designer or immigration document specialist may be willing to sacrifice short-term profit in order to build a portfolio and reputation. Service providers can reasonably provide large discounts if they are especially efficient in their work. Of course, those entrepreneurs finding themselves with no customers can choose to offer especially low prices choosing to prefer low profit to no income. The issue is trying to raise the prices to normal levels later but that is a long-term problem, a luxury for some people. Thus, for entrepreneurs with short-term goals, an advertising campaign may be worthwhile.

However, for most freelancers, including translators, marketing is the better option in terms of effectiveness and cost. Since most independent business people offer a product or service that is generally only occasionally required, the best method for incoming business is the create a connection between that service or product and the potential provider. To give an example, a customer contacted me this week for a French to English translation after her Masters advisor read a previous post of mine and labeled me as a potential provider of translation should occasion arise. Even more, marketing does not necessarily involve significant financial outlays. For example, business group zoom meetups and telling your hairdresser what your profession are free of charge as are posts in Facebook and other social media. One graphologist posted a simple business sign in her garden and regularly profited from opportunity clients. Marketing does require time to think, create and act. For better or worse, many freelancers had and have far too much free time in the last two years. Marketing is a way of converting that surplus into a future financial profit.

As a trigger to thinking about marketing, I would suggest considering the following questions:

1.       Do people in my local community know what I do?

2.      When I enter my name in Google search, do my profession and contact details appear?

3.      Have other people in my profession in my country and abroad, if relevant, heard of me?

4.      Have my potential customers ever heard of me?

If the answer to any of the questions is negative, it is time to actively think about marketing and then begin an ongoing effort to change the answer to positive. The results probably will not occur immediately. However, in an especially volatile market, all entrepreneurs must consider the question of where they want to be two years from now, keeping in mind that the failure to act is an action in itself. Despite their connotations and the lack of comfort they create for independents, advertising and, even more so, marketing are important options for all freelancers building a long-term future in their business.





* Picture captions open up the Internet to the blind.

Picture credit: Image by <a href="https://pixabay.com/users/megan_rexazin-6742250/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4156934">Megan Rexazin</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4156934">Pixabay</a>

Sunday, April 18, 2021

Render unto Caesar – A businesslike approach to freelance business

 

[Roman coin*]

Max Weber, the great German sociologist, discussed the transition from status-based state management in which bureaucratic relations are keyed to the status of the petitioner, to modern citizen-based bureaucracies in which everybody receives the same treatment based on set procedures, at least ideally. He linked the transition, which occurred over the 19th century in Europe, to the increase in State power and efficiency. Freelancers and small business owners often face the same situation, i.e., personal vs objective, when running their business. While natural when people work outside their house for strangers, it is difficult to create a divide between personal and business when the distance between the kitchen and office is only a handful of meters. Yet, in practice, great success as an entrepreneur is dependent on this differentiation in that it determines our approaches to people, tasks and money.


[Anonymous people]
Effective business practices require entrepreneurs to ignore the “person” with whom they deal. B2B and B2C relations involve the exchange of goods and services, not friendship. While it is a pleasure to meet like-minded clients and even befriend them, that relationship is rare, unnecessary and sometimes even undesirable. Both purchasers and providers both essentially desire to complete the transaction as efficiently as possible, i.e., with as little effort and time as the matter allows.  It is clear that certain businesspeople and consumers are argumentative, overly suspicious or even antagonistic. Like modern government employees, business people need to provide the same level of service as they would to pleasant people, sometime even better. Often these challenging customers, once they are satisfied, provide the best source of references as they believe that if we satisfy them, we can satisfy anybody. By contrast, emotional reaction to obnoxious behavior only fuels the flames and loses the customer. Business is not personal.


[Donkey with load]
In business, to quote my father, anything task worth doing is worth doing well. Freelancers are obliged to wear many hats regardless of their initial ability and inclination. These essential tasks include accounting, marketing, bill collection and putting out fires. Without proper execution of these tasks, a business cannot fulfill its potential. Unfortunately, few of us are born with the natural skill for some or all of these nor truly wish to achieve mastery in them. Successful entrepreneurs perform these tasks as if someone else were paying them well to do them, like a clerk at the bank. Once of the tricks is to do them first so that you can go onto to more enjoyable tasks. Avoidance and half-measures directly lead to failure, including bankruptcy. Freelancers must prpoerly execute the tasks while suppressing their emotional reaction to them.

[Currency symbols]
As Joel Grey and Liza Minnelli sang in Cabaret, money makes the world go round. Furthermore, as accountants remind us, income and costs have to balance. Complicating the picture, nobody can predict the future in terms of economics and technology. Combining the three, a sustainable business invests in itself, controls its spending and provides for changes in fortune. Unlike personal finance, which is often a matter of individual whim, business financial decisions must be rationally based even if they are also intuitive. To paraphrase the song, “it’s my business; I can do what I want to” may be technically true but success is governed by hard (or not so hard) reality. A good technique for distinguishing intuition from whim is to consult trusted and knowledgeable outsiders. The entrepreneur may not like their answers but they can prevent much sorrow. The main purpose of any serious business is to make money for its owners, which of course does not preclude enjoying one’s work. Therefore, it is vital for entrepreneurs to astutely manage their business finances.

In Mathews 22:21, it is written "Render unto Caesar the things that are Caesar's, and unto God the things that are God's”. The quote is in reference to the issue whether paying taxes with coins with the head of Caesar stamped on them (no credit cards then) is a form of worshipping other gods. The answer is that every obligation has its manner of payment. Even if the office is only across the hallway, entrepreneurs need to render unto it the respect it deserves and separate it emotionally, as much as possible, from personal life. Granted, it is easier said than done but it remains one of the keystones for freelancer success.


* Picture captions help the blind access the Internet. Pictures via Pixibay.

Sunday, November 1, 2020

Successful persona – I have got that feeling

 

[Success*]

At the 2019 American Translators Association conference in Palm Springs, I had an illuminating conversation with a young translator. After I asked how he was doing, he said that he felt that he didn’t belong there. My response was that I had felt the same way for many years. His remark touched on an issue that is not openly discussed. Clearly, the sense of not being a real professional is a difficult matter to be shared with your peers. The difficulty in feeling successful is the lack of a universal or even accepted definition although it is possible to note some measures of aspects. Even worse, it is a chicken-egg problem since self-belief in success serves as a precondition to it.


[Income chart]

The most common measure of success is income, however that is defined. The vast majority of people wish to be financially secure. The ambiguity arises from the definition of that concept. For some, just knowing that all bills will be paid this month provides great security while others require large sums in the bank, maybe millions, to provide that same sense of security. Most people are somewhere in between and aim to have some blend of flexibility on the monthly budget as well as sufficient bank reserves. This subjectivity creates a situation where the identical income can create a feeling of great security or insecurity, depending on the person and circumstances. The scene at the end of Dumas’ the Count of Monte Cristo where Baroness Danglers and Mercedes end the books with the identical fortunes and opposite conclusions demonstrates the subjective definition of wealth. Thus, it is impossible to say how much income is required to make a person feel successful, rendering irrelevant any attempt to equate success with income.

[Blue ribbon]

Another measure of success is professional skill, including recognition by peers and  by customers. Clearly, having pride in one’s work and belief in its proficiency create confidence. Yet, despite countless efforts to quantify good work, running a business is as much an art as a science. While there may be clear benchmarks, there are countless ways to achieve those goals. Furthermore, people rarely actually see their colleagues at work to allow them to compare craftsmanship. Not only that, these few peers that observe your work often feel constrained to express their true opinion or so it seems. So, it is generally difficult to objectively determine whether our work is professional or not. At best, it is possible to state that there are many more colleagues whose products are worse than ours than those whose products are better than ours. Even customer feedback can be misleading in that not all customers are capable of accurately assessing the work nor do they report results representatively. Thus, even the sense of professionalism is ultimately subjective.


The easiest basis in searching for a basis of feeling successful is creating and appreciating vectors. The unrelenting commitment to doing the best job possible and making constant improvement, whether in terms of income or skill, often leads to a feeling of being professional. In other words, while there may be those that are better than me at this point in time due to their experience, I strive for the best and am building a better future. Thus, in these fully objective and controllable goals, I am a professional, no less than my peers that are more experienced or more skillful than me.


[Brain with muscles]

This issue is not merely philosophical but instrumental for selling a service. Most customers are insufficiently familiar with a given product or service to properly evaluate it even if they had sufficient time and energy. Even more than recommendations, customers judge us as we judge ourselves. When business people project real confidence in themselves, customers pick it up, whether the communication is oral or written. Most customers can identify bluffing, rendering it is a poor long-term strategy. Instead, all entrepreneurs must understand and properly value their skills. A justifiably confident “I can do this” is the key for project approval. So, all business people must cultivate their belief in their skills to be able to apply those skills.

This belief creates the reality. Putting politics aside, millions of American believe that Trump is a successful businessman despite the fact that he has gone bankrupt 6 times because he believes that he is successful. Granted his self-confidence is a statistical outlier, his example highlights the requirement to have faith in one’s skill regardless of the current objective circumstances. To that young translator at the conference, I would say that you are a professional in that you have studied the craft, are working and striving for greater skill by having attended that translation conference. To all entrepreneurs, I would say that the persona of success is created by accentuating your true positives first to yourselves and then to others.


* Captions are important to the sight impaired. All pictures via Pixabay.

Sunday, October 4, 2020

Roamin’ roads -the many paths to success

 

[House by junction*]

This week, I had the pleasure of participating on a panel discussion presented by Proz.com, an important international translation portal, on the subject of attracting new customers. Organized and hosted by Paul Urwin for International Translators Day, the other two panel members were Daniel Coria and Martina Russo, both experienced translators. The discussion was interesting and, based on comments received afterwards, helpful to the audience. To paraphrase Eliza Doolittle in My Fair Lady, we could have talked night.

For me, one of the striking dynamics of the conversation was the diversity of approaches. Mr. Coria is a highly experienced English to Spanish translator comfortable working in the corporate world. Ms. Russo works from German, English and Spanish to Italian, including Swiss Italian, and focuses clearly on her two fields of knowledge, digital and marketing on one hand and sports wear on actions sports on the other hand. She identifies and attains her ideal customers, often medium sized companies. By contrast, I focus on legal and financial material as well as official documents, working from Hebrew, French and Russian to English, both US and UK, and cultivate a wide network of small businesses, end clients and boutique agencies. Each of us taken a different tack but all of us are successful.

The source of these differences is our varying background. Mr. Coria has a formal academic background in legal translation and worked in Argentina, a country with a government-regulated translation industry. By contrast, Ms. Russo, aside from her translation degree, applied her background knowledge in marketing and sports to create her own niche. “Eclectic” is the word describing my background with a BA in Russian Studies, teaching credentials in French and an MBA as well as legal studies and several years of selling and 25 years of teaching English. Each of us brings an entirely different background.

The “moral” of the story for translators and all freelancers is that everybody begins at a different starting point. No two people are identical in any matter, including their professional qualifications. Yet, all of us must capitalize on those assets and qualities life has given us and make them our competitive advantage. Formal education and job experience only two of these assets. Exposure to different cultures and business sectors as well as relatively high social skills in one type of interaction or another are also important. Entrepreneurs must be no less aware of their strengths than their weaknesses in order to determine their best strategy.

At the same time, the world in general and the business world in specific is very dynamic, expanding and shrinking in different directions depending on the sector and time. In this discussion, it became clear that regardless of the strategy we took at the beginning of our careers, we have had to observe and adjust, like big companies. The key to long-term success is that constant awareness of trends even if it is often impossible to identify the cause of that trend. If the great have fallen because of the failure to adjust, the smaller are no less vulnerable.

The goal of all entrepreneurs is to make a living. However, each person defines that in a different manner. The paths to that objective are many and depend on the starting point and circumstances of each person, which by definition vary. Clearly, some roads to Rome are better paved and smoother than others but, as Frost would say, the road less traveled is no less worthy.


*Picture captions are important to the blind. Picture by ariesjay castillo - Pixabay

Sunday, September 27, 2020

The inner struggle of entrepreneurship

 

[Brain in lightbulb*]

Being an employee is essentially a carrot/stick psychology, sometimes reaching Pavlovian proportions. People go to work and do their best regardless of their mood or internal needs. The ability to ignore those factors comes from the desire for positive results, whether it be verbal phrase, financial bonuses or promotion, and acceptance from fellow workers, and fear of negative consequences, such as being fired or fined. Internal and cultural values may reinforce these external forces but the maintenance of “proper” work habits over a lifetime essentially is based on the reward principle to the point that many people don’t even consider why they are working so hard.

Freelancers have neither bosses nor co-employees and have to “Zen” it themselves. Faced with never-ending series of tasks each and every day, the discipline must come from within and sometimes fails, each person having a different fault line. Without the outer structure, freelancers have to manipulate their own mind in order to overcome emotional minicrises. This struggle is a part of being an entrepreneur and is winnable.

Procrastination is a human but harmful trait. In simple terms, everybody has certain tasks that create mental resistance in the mind even if they are not difficult in themselves. For children, this can be doing dishes or cleaning up the room. Many freelancers simply avoid bookkeeping tasks, including invoicing and collecting, planning and implementing marketing, and customer follow-up, to name a few. Clearly all these tasks are vital for any business. However, lacking background in the area, these tasks become energy intensive and even frightening in some cases. The best way to overcome that fear is to first recognize them as personally challenging tasks and accomplish them first before beginning the more natural aspects of the business. It is like drinking the medicine and then having a chocolate. The entrepreneur practices self-rewarding and promotes the business at the same time. In practice most of these duties can be accomplished in a few minutes and are quite profitable. Their weight is in the mind and can be thus eliminated.

Occasionally, the brain goes on strike, simply refusing to work on anything. Regardless of the amount of energy and discipline, the freelancer is incapable of doing the job at hand, period. Energy and will fail to change that reality. Of course, people become frustrated at this inability to move forward, especially if they have chosen the task and made a commitment. Psychologically, no man’s land is the worst place to be as a person can neither work nor relax. The solution is to accept and adapt. In practice, that means understanding that, even if it is somehow possible to overcome the inertia, the quality of the work, will be so low that it will probably have to be redone in any case. The next step is to direct energy and thought to rescheduling the task timeline and deciding what type of mini-break will best allow the re-start mechanism to work. Sometimes, the customer will agree to a later deadline. If not, ideally, deadlines should always have some “fudge” time Still, a few hours can be gained by working in the evening or getting up early in the morning. Options for relaxing include a nap, gardening, baking, cooking, running and talking to a friend, to name a few. The ideal break activity depends on the person. It is important to limit in advance the duration of the break as it tends to extend itself somehow. Upon return to the desk, the task no longer seems so daunting. As in most types of pain, acceptance, not denial, is the best method.

The silent killer of entrepreneurs is burnout, a slow-forming calcification of the motivation to work and succeed. Freelancers have great incentive to work hard and succeed as they started the business and enjoy all of its financial fruits. Unfortunately, they do not enjoy paid vacations nor are they prevented from working on weekends and holidays. Thus, the direct road to burnout involves a permanent 7 day a week schedule and no real vacation time. By contrast, a scheduled weekly day off, except for very extreme emergencies, coupled with aoccasional complete vacation from work leads to long term success. Many freelancers fail to realize that they will almost never lose a customer if they take a week off to go skiing or visit family from time to time nor do clients expect them to work on holidays. This life balance not only does not harm business but significantly increases productivity as a refreshed mind has more perspective and is more enthusiastic. People do not choose the way of freelancing in order to become robots.

Doubt is a more insidious challenge. Success is often neither immediate nor constant. Everybody loses customers, faces criticism and lacks uncertainty about the present and future at one time or another. As freelancers have no marketing or strategic planning department, they must depend on their instinct, initial plan and faith in their judgment of the situation. Even the most confident sometimes can momentarily lack faith. To overcome this crisis, it is necessary to switch modes from the emotional to the rational, identifying the reasons for the loss of customers, lack of success or change in reactions by seeking information. With that data, it is possible to make logical changes to the operating mode. Thus, the energy created by the legitimate concern for the future is productively directed to understanding that future. Once again, negative energy is directed towards progress.

The secret of success is in the mind, more so for a lone entrepreneur. The temptation to delay, avoid, stop and question will occur at one time or another. Freelancers simply have to know how to overcome it as much as possible. That is the inner struggle of entrepreneurship.


*Captions help the blind read posts. Picture for Pixabay

Sunday, November 24, 2019

Famine relief – Profiting from lean times



Most freelancers, including translators, suffer the extremes of work demand. A period of having to refuse work is suddenly followed by one of seeking work.  To one degree or another, this instability is a part of doing business.  As such, the freelancer must learn to cope with it both psychologically and actually benefit from the free time. The key to keeping in an even keel in those quiet times is to view the free hours not at a threat but instead as an opportunity.

To clarify, the cause of the quietness on the email front may be known or unknown. Worldwide, August and the three weeks from December 15th to January 6th are great for retailers but awful for service providers simply because most non-retail businesses close or go in sleep mode. Likewise, national and bank holidays affect transactions for one to three days.  A quick Google search can quickly identify the various and multifarious off-days of a given country.  In fact, in Israel and many countries, there is the term “after the holidays” to explain why nothing can be done during certain times of the year. A hidden factor may be an internal company matter or specific sector crisis. The long term and fundamental causes of downtime are slow but constant trends in the economy or business sector, such as a recession or conglomeration, which change the supply and demand curve. Clearly, a despairing freelancer can often but not always find a comforting explanation for the down trend.

A time to breath after a long stretch of intense work can actually feel quite refreshing.  It is the ideal moment to clean up unfinished matters.  These include ongoing accounting or financial issues, bill collecting, financial reporting, email correspondence and inventory, to name just a few. Given the importance of the Internet for most businesses, it is vital to periodically review and revise all profiles, brand identifiers and approaches.  All these tasks tend to be postponed while work is heavy but must be carried out in order to maintain a business.  In industrial management terms, these actions are considered productive even if they are not lucrative since they must be performed in order to maintain business efficiency.

Having completed these essential tasks, the freelancer can use the time to develop known potential contacts. During busy periods, the names of people and companies that could turn into clients come up. The quiet now makes it possible to carefully consider the manner of developing these contacts and actually follow up. Not only is this time productively spent but such actions are an essential part of future growth.

For sole proprietors, the background quite allows them to switch hats and become the director of marketing and research.  The problem with being a freelancer is the multiplicity of roles that need to filled and leads to the problem of “jack of all trades and master of none”. With only one hat on the head, the entrepreneur can analyze, research and discuss macro medium- and long-term trends and decide on actions to take to stay in line with them. Such a process requires time and concentration, which is only generally available when work is slow.

Of course, business people are also human.  Quiet times provide the best opportunity to spend time with family and friends without watching the clock. Short and even long trips become possible. It is a great time to lose a few grams of extra weight or see nature (or pick mushrooms as we do.).  It becomes possible to put a check on household tasks that have been put on hold for months or higher end purchases that must be considered carefully, such as buying a car. 

The message is that down time can be up time, both psychologically and operationally. It is the ideal time to accomplish all tasks that cannot be or simply are not handled when work is aplenty. As such, the freelancer can more easily maintain a good attitude and worry less. Remember that growth in children occurs when they sleep. Likewise, freelancers prepare their growth when business is slow. They can profit from the worst of times no less than from the best of times.