What Is A Solopreneur – Solopreneurship
I expect you are either a person who set up and runs a business on your own or interested in becoming one.
Either way: thank you for visiting Solopreneurism.com
I want to focus on the fun side of being a solopreneur, the opportunities, and challenges and why it’s a great lifestyle to have
Every person can be a successful entrepreneur working solo by working hard and passionately.
But it is safe to say it isn't for everybody.
Solopreneurism is growing in popularity.
Solopreneurs are a growing force.
A solopreneur is someone who sets up and runs a business on their own.
Working alone means you enjoy a lot of freedom.
Where you work, how late you start, on which seat you sit, when you eat and how you and with whom you eat that sandwich,
I raised and run my business solo, single-handedly!
As a person who has to deal with all aspects of business myself, I learned a lot about the business.
That means I make all the decisions, call all the shots, and play the entire game alone.
[To be honest, my husband does help when and where he can]
Solopreneurs are often the go-to people for project execution. #projects #gtd”
In a world where specialized work is abundant, where global connectivity is a given and where internet provides money-making opportunities, the solopreneur is here to stay.
But rest assured.
Flying solo doesn't mean you have to do everything alone.
They can hire others to do chores for them.
But every professional choosing to start a business with no intention of ever adding staff knows the risk of wanting to do everything alone.
By being a work-a-holic, they risk burning out.
To avoid my risk of burning out, I try to stay away from administrative tasks and marketing.
I go for income producing opportunities (IPO's) whenever I can.
But I know others who do those jobs themselves too.
To each his own!
Solopreneur VS Entrepreneur
A Solopreneur and Entrepreneur Differ
“Solopreneur” is easily interchanged with “entrepreneur,” but there are subtle differences.
Many entrepreneurs work alone too.
A large number of them creates businesses over the course of their life.
A solopreneur usually works one thing consistently.
An entrepreneur often builds a team to delegate work to.
He leads his team towards a goal.
Solopreneurs instead do it alone.
Even if it means they'll have to dig in deep to do get the work done.
Outsourcing work or bringing in a team member is something of last resort.
Solopreneurs are workers.
They love to run a one-person shop and roll up his sleeves and start working.
Entrepreneurs, on the other hand, have no trouble delegating.
Even if this means they have to delay that process until they have enough money to bring in extra team members.
Many entrepreneurs start out working alone.
But their mindset is different.
This makes it harder to see the distinction.
Generally speaking, you might say entrepreneurs focus on their business while Solopreneurs focus on their lifestyle.
My Solopreneurism Story
My “office” is at home.
It can be found in working the living room of our house.
In a cozy corner!
The combination of working alone and staying involved in family life inspires me.
Having space to discover new endeavors and wander around in virgin territory feeds my bubbles of creativity.
Your surrounding can help your hidden qualities show and bloom, so you become an even better freelancer or consultant.
Becoming a solopreneur meant I had to find where my strength lies?
But it also meant an opportunity to challenge my comfortable borders and go for activities that lie beyond my comfort zone.
You will find hidden qualities, or perhaps one of them is the reason why you now have become a ‘solopreneur.'
My qualities are my sensitivity and creativity.
The fact that they form a pair and strengthen each other.
I heard of a book called the employee-free society.
The author, James Altucher, states that solopreneurship stimulates our creativity.
The creativity that for many of us has been restricted by managers, colleagues, structures, and procedures.
Pros of Solopreneurism:
Solopreneurship as a career is tempting for several reasons.
- There are some fun ideas you can explore as a solo entrepreneur without having to ask for permission.
- You can launch a business at a low cost.
- You get to keep what you make.
- You decide everything about your business.
- You can do what you want.
- You are responsible for your success.
- Being able to work remotely, anywhere in the world, for a range of clients the world over.
- You are your brand
- You create your schedule.
- No one holds you accountable.
- Anything is possible.
Cons of Solopreneurism:
Yes, the solopreneurship also has disadvantages.
A career as a solopreneur is not without risk.
- You are responsible for the entire operation.
- Burnout can happen a lot faster.
- You can feel isolated
- No one holds you accountable.
- You might have to accept jobs that do not completely fit your profile or your liking.
- Sometimes a job taken on can be disappointing.
[One consolation: it is only a temporary job.]
- You have to hone your skills, be sharp-minded and work towards results.
- Targeting clients who understand your worth/appreciate your skills
- There is no financial safety net in the event of termination of a contract, and that keeps you sharp.
- Despite the benefits of temporary assignments, you might miss the depth of long-term collaborations.
If you want to read more about Benefits & Challenges I can recommend reading “65 Experts Share Why Solopreneurship Is a Grand Slam, And How to Avoid Striking Out”
Business Idea Opportunities
You could be one or a combination of any solopreneur ideas:
-Creator Information Products
-Online Course Creator
-Social Media Influencer
-Social Media Manager
What makes for successful solopreneurs?
It doesn't matter how you define success; these things make solopreneurs successful:
- They know that money is not the primary focus
- Solopreneurs see the value of their time
- They are not afraid to try new things
- They are consistent, no matter what happens
- A solopreneur knows the power of collaboration
- They make mistakes and continue even so
- They do not forget to have fun during the trip
- Solopreneurs celebrate their small and big successes
The Gig Economy
The gig economy platforms provide extreme flexibility to solopreneurs.
They now have full control over how to spend each minute and hour of the day.
But that doesn't necessarily make things easy.
After all, there are constraints we have to deal with like our tendency to keep working until deep into the night despite plans to the contrary or to procrastinate.
Because it lacks regular working hours and other externally imposed time structures, these tendencies seem to increase in gig work.
To help manage your time in the absence of formal time structures, many solopreneurs use timers while working towards their daily earnings goals.
This new structures of working life’, isn't the same as the standard ‘old’ workplace institutions like regular working hours.
It takes time to adjust.
In a certain sense, the earnings goal (after all even solopreneurs need to live) is the new 9-to-5.
The online community is the new office floor when it comes to structuring your time.
Do you think you have what it takes?
Do you have the courage to start as solopreneur!
Anyway, there is no need to answer that question immediately.
After all, you don't have to dive into the deep at once.
Dip your toes in the solopreneurism waters and find out if the water has the right temperature for you!
Are you a freelancer, contractor or consultant?
Then you are a SoloPreneur.
And that is undoubtedly a good move.
You enjoy flexibility, independence, diversity, freedom of company policy and the ability to quickly make a difference for your customers.
You lead your professional life, and you are much better at juggling all the balls in the air.
Moreover, companies crave for such energetic, creative and innovative minds.