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The options for work are changing, and new opportunities for self-employment are opening up. In addition to conventional paid employment and entrepreneurship, you can be employed as, for example, a light entrepreneur, freelancer or informal carer. At Job Market Finland, you can find information on many different ways of self-employment.
In culture and science, grants enable you to find employment as an artist or a researcher, for instance. Grants are awarded by the state as well as private foundations and funds.
The Arts Promotion Centre Finland Taike annually distributes discretionary government transfers as grants and subsidies for making art.
Grants are aimed at individuals and working groups, while allowances are aimed at communities.
Eligible entities, such as associations, cooperatives, and companies, can apply for allowances. Unincorporated associations, sole traders, or individuals cannot receive Taike allowances.
Artist grants and working grants are intended to be used for artistic work. The Arts Promotion Centre Finland also awards target grants for individual projects.The special subsidies and operational grants awarded to communities by the Arts Promotion Centre Finland are intended for associations, foundations, cooperatives, municipalities and companies.
The Ministry of Education and Culture awards government aid for such purposes as education, science, culture, sports and youth work. You must apply for the grants separately, and they are granted based on discretion. The ministry awards grants mainly to communities.
In addition, Finland has several private foundations and funds that award grants. Information about applying for funding at research.fi. Most grant providers have application periods, but you can apply for some grants all year round.
If you are conducting scientific work or research, you can apply for a grant to secure your income and to cover the costs related to your research. You may be entitled to a grant if you are a student or postgraduate student pursuing a basic degree. Basic degree students are often granted a one-time grant, whereas the grants awarded to postgraduate students may be long-term grants. Working groups may also receive grants.
Information about applying for funding at research.fi. Most grant providers have application periods, but you can apply for some grants all year round.
Franchising is a form of entrepreneurship that involves setting up a business as an independent entrepreneur but with a ready-made model provided to you as a member of a company chain.
Franchising may be a suitable option for you if you would like to become an entrepreneur, but do not have a ready-made business idea of your own. When you enter into a franchise agreement, you get a right to use the trademark and business model of the company chain. You pay a contractual fee in return for these rights, which may be a flat annual payment or a certain percentage of either sales or the profits you earn.
Franchising has been an increasingly popular form of entrepreneurship in recent decades. The most typical franchising chains are restaurants, cafés and kiosks, but the model has also been spreading to new sectors in Finland.
If you find that becoming a franchise entrepreneur could be right for you, read more about the model on the websites of the Federation of Finnish Enterprises and Finnish Franchising Association.
As a freelancer, you can work for either one or more work providers at the same time without a permanent employment relationship.
As a freelancer, you act as either an employee or an entrepreneur, or you are paid non-wage compensation for your work. You can enter into a service agreement, which creates a fixed-term employment relationship, or you perform the work as an entrepreneur. If you receive non-wage compensation for your work, labour law will not apply to you, but your status is considered comparable to that of an entrepreneur.
Many people become freelancers because this provides them with more freedom to influence their own working methods, working hours and content of projects. However, as a freelancer, you have more responsibility for your livelihood and the fulfilment of your rights than employees.
In some industries, freelancing is such a well-established way of finding employment that there may be hardly any other options available.
As a social media influencer, you can earn your income in many different ways.
Many produce content for their social media channels as a leisure time activity. In addition to this, social media has become an increasingly popular way of earning a livelihood on both a full-time and part-time basis. The number of followers a person has significantly affects how much income they can earn by producing social media content.
As a social media influencer, you may receive income from collaborations with companies and advertisements displayed as part of the content you produce. In addition to producing content, many of the most popular social media influencers take on public speaking or hosting gigs.
When you work together with a company, choose the best way for you to invoice for your work. You can register as a private trader and get your own business ID or invoice for collaborations without a business ID through an invoicing service. The amount of revenue you make affects which alternative is most appropriate for you. If your annual income from collaborations exceeds EUR 5,000, you should find out more about registering as a private trader. You should also consider getting an accountant, as it allows you to purchase administrative work from a professional and you get to focus fully on content production.
Social media influencers with a higher income particularly prefer setting up a limited liability company as they can use it to pay a salary for themselves and employ others. If your earnings as a social media influencer exceed EUR 40,000 per year, you should consider setting up a limited liability company.
Remember that any income you make through social media is subject to tax. This also includes any products and services you receive in return for your services.
As a professional athlete, you can secure your livelihood with a player agreement with a sports club, a grant, or a sponsorship agreement.
Athletes can earn a living in many different ways. If you are a member of a sports club, you can make a player agreement with your sports club. The agreement is used to agree on the terms and conditions under which you commit to making your contribution to the club and the compensation the sports club pays you for this. As the work of an athlete is different from regular work, a player agreement has many unique features.
The Ministry of Education and Culture also grants athletes coaching and training grants and discretionary government transfers for physical activity. You must apply for the grants and transfers separately, and they are granted based on discretion. In addition, Finland has several private foundations and funds that may award you a grant.
As an athlete, you can also receive income from competition prizes, participation fees, and fees based on advertising and sponsorship agreements. A sponsorship agreement is a cooperation agreement between an athlete and a company. Under the agreement, a company pays compensation for an athlete for things such as using the company’s products, performing in the company’s events, and other kinds of marketing for the company and increasing the company’s visibility. If you have a lot of followers on social media, you can earn income from various forms of advertising.
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