A stakeholder is an individual or group of individuals who have an interest, or a “stake” in an organization’s success or failure. Stakeholders include shareholders, employees, customers, and suppliers. They can also include special interest groups, such as unions and environmental organizations. Stakeholders have an interest in the performance of a company, and will often take action to ensure that the organization meets their needs.
For freelancers, understanding who their stakeholders are and how they influence the business is essential. Stakeholders often have the ability to influence the terms of contracts, the quality of services, and the direction of the company. It is important for freelancers to establish good relationships with their stakeholders in order to ensure the success of their business.
Additionally, freelancers should be aware of the expectations of their stakeholders and be willing to adjust their practices to meet those needs. Good relationships with stakeholders can also help freelancers secure better contracts, better rates, and other benefits.