Abstract

Entrepreneurship starts to become a challenging option among freelancers worldwide. However, the low rate of entrepreneurship as a career choice among freelancers is due to peculiar factors. Turning freelance activities in sustainable businesses are considered a smart career pathway by many scholars and freelance practitioners. This article aims at revealing through a case study how a freelancer has been immersed into an entrepreneurial approach, his sources of income being influenced by this entrepreneurial mindset shift. This study computes the values of the adjusted informational energy based on inputs for distribution of incomes reported by a Romanian freelancer turned entrepreneur, emphasizing the time series revenues from freelancing, on the one hand, and entrepreneurship, on the other hand. The research is mainly focused on an econometric model, built on informational energy model, highlighting a peculiar decrease of the entropy, as the effect of the higher weights of the incomes from entrepreneurship. Building on mathematical modelling, this study presents an analysis framework that combines financial data and statistical analysis to examine the influence of revenues registered by a freelancer who accepted an entrepreneurial challenge as a second source of income. This study expands previous research by using Onicescu’s informational energy theory to a peculiar case of a freelancer turned entrepreneur. The strength of the adjusted informational energy modelling consists of revealing the added value of the statistical analysis and emphasizing the specific architecture of freelancer incomes’ influences on the adjusted informational energy. The findings of this research also outline motivation pillars for the freelancers who are willing to commit to entrepreneurial initiatives.

Keywords: freelancing, entrepreneurship, informational energy, entropy, econometrics

JEL Classification: L26, M13, E37, C10.

Cite as: Opait, G., Damian, D., Capatina, A. (2019). Freelancer as an entrepreneur: a choice as career development. Marketing and Management of Innovations, 3, 327-340. https://doi.org/10.21272/mmi.2019.3-25

This work is licensed under a Creative Commons Attribution 4.0 International License

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