True. But what also happens in my experience is that people are taught how to run a business but ignore advice. They are so desperate for peer validation as a freelancer that they’ll take any job at any price-even if its clear they’re being exploited. I met a medical illustrator who had a masters degree from Harvard who was about to sign a work-for-hire agreement for $50 an hour. The contract said that the client could summon her to China at her expense and that they could have free unlimited revisions and scope changes. She knew this was bad but I had to spell out the huge risks that she’d lose more by accepting the project than by turning it down. (She might think 20 hours=$1000 but if the client changes scope, she could spend 30 more hours for nothing as well as a plane ticket to China for $900-1200) She turned it down. Her problem wasn’t a lack of knowledge. It was student loan payments, precarious employment and wavering confidence.