Katia Lavoie | Journalist
It can be really hard to answer this question, because there's more than one way to fit either profile.
To get a better idea, it helps to take a closer look at both worlds, and to clearly differentiate between the two. Nicolas Duvernois, founder and CEO of PUR Vodka and Romeo's Gin, shares his thoughts, based on 5 factors.
1. Basic business idea
The idea you have for your business could help you decide on what direction to take. Some people sell their expertise, while others develop products.
"Most of the time, self-employed professionals have something to offer that only they can provide," says Duvernois. "That's the case with graphic designers; if they don't create visual projects, they don't have anything to offer."
On the other hand, entrepreneurs don't have to be involved in all aspects of development for their business to work. "If someone buys Romeo's Gin in a store, it's because I haven't been the one solely responsible for bringing that to the customer," he says.
2. Different pace
Because self-employed professionals are the only ones in charge, they won't have the same responsibilities as someone who owns a company.
"They don't have employees or multiple events to manage simultaneously on the same day. On the other hand, if they're away, the work doesn't get done," says Duvernois.
3. Professional aspirations
If you're ambitious and dream of having a large team and one day getting into various markets, entrepreneurship may be the way to go.
Self-employed professionals tend to enjoy working alone and want to execute the entire project themselves and take the time to complete all the steps of the process.
4. The market: an important factor
"When I went into business, I never thought I'd be so successful. It's the market that decided, because I made high-quality products," says Duvernois.
If, despite your huge ambitions, your idea doesn't have appeal with potential clients, you might need to scale down your plans.
Personality influences certain aspects of our lives. However, Duvernois doesn't believe it should be a factor when you're considering either self-employment or entrepreneurship.
Not all successful entrepreneurs share the same traits: there are those who love people, while others are on the quieter side. Some were perhaps top students, while others might have been some of the lowest achievers in their class.
You might meet most of the criteria that generally define entrepreneurs and achieve success with your product or service, but don't forget that you have the final say.
If controlling the entire project and seeing it through trumps everything else, you can stay true to yourself by taking the self-employment route.
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