The word Solopreneur has recently been gaining popularity and you haven’t heard of it yet, here is everything you should know. We live in a time when more and more people are trying to starting a business alone. Be it a startup, or a self-employment profession, or a full-fledged entrepreneurial venture, people often tend to use the word Entrepreneur for all of them.
However, there has been an awareness lately to clearly describe your designation as well as the role you play in your company. And an important aspect of this description is to understand the difference between an “entrepreneur” and a “solopreneur”.
Who Is A Solopreneur?
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A solopreneur is someone who single-handedly builds their own business. It can be a part-time side business or a full-time gig or a startup idea or even a self-employment firm. The basic idea is to handle all the matters of the business by yourself and become or try to become the jack of all trades. A solopreneur can outsource work to others if and when required but doesn’t employ anybody within the business. The idea is to exercise complete control and maximum flexibility.
A solopreneurship venture can be anything from a service to a trading business but more often than not such ventures are highly personal and are built on the pedestal of its founder’s passion and unique skills.
The Bitter Sweet Story
While talking and understanding about solopreneur is great and even nice to hear, it has its bitterness as well as its sweetness when it comes to actually being one. Being a solopreneur can project you to a lot of stress. But at the same time it will also award you with the sense of control. You also get ample amount of flexibility when you are the only person in power. But then you will also miss the ample amount of resources available in an established business organization. You will have to regularly work for your own growth. The unconditional direct link between your efforts and the rewards is very tempting. But then the journey of being a solopreneur can also make you feel lonely and isolated. Though, it doesn’t have to-
Pro Tip: Do Not Take Solo In Solopreneur Too Seriously
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As a solopreneur, you have to essentially work alone all day and miss out on those “team meetings” and “brain storming sessions”. This can make you feel isolated and lonely. But tell you what, it really doesn’t have to. The solo in solopreneur only symbolizes the fact it’s your own venture and you are the only one working for it. It nowhere means you have to live a life of seclusion, does it?
Plan out regular one on one meeting with your clients, professional contacts as well as people you outsource work to, if any. Spend your non-working hours with friends and family and make sure your social life doesn’t take a dump because of your solopreneurship. Additionally, you should attend as many events as possible related to your profession, industry or even your prospective interests. You can also be the one to organize meets for people who have similar professional endeavors and ideas. One more way of killing isolation can be joining a co-working space! Learn all about it here.
Tell us now, are you? A solopreneur? If not, we hope you try to become one!