What Is A Solopreneur?
What Is A Solopreneur?
Ready to kick the 9 to 5 to the curb and start working for yourself? Have the drive and motivation to do some really big things in life, and ready to see how it can go for you? Then becoming a solopreneur may be right up your alley.
What is a Solopreneur?
A solopreneur is simply anyone who sets up and runs a business on their own. Freelancers are often seen as solopreneurs as are those who start any other type of business without the help of someone else. You may have a few people who work for you, but you take on all the risks of running the business yourself, without a partner or outside help in that way.
How is a Solopreneur Different from an Entrepreneur?
These are very similar types of individuals. All solopreneurs are considered entrepreneurs, though it does not go the other way around. A solopreneur is going to do it all, while an entrepreneur is more likely to manage others and delegate.
An entrepreneur may start a business, but they have a whole team that helps to get the work done with them, including marketing, accounting, and more. Solopreneurs are often on their own. They will handle all the little parts of their business. They may perhaps have an accountant to help out during tax time, but this person would not be an employee of the business.
The Life of a Solopreneur
Most solopreneurs are not looking to build up a whole empire. They want to work for themselves and they would like to make a good paycheck, but they want their business to still be manageable enough that they can make the majority of the decisions on their own. This does limit how much the solopreneur is able to take on.
For example, the solopreneur only has so many hours in the day. This forces them to pick the right tools so they can be as efficient as possible. The solopreneur does not need to worry about employees and payroll and benefits either though, which can take out some of the stress of their day to day lives.
When you are looking for a way to start your own business, but you want it to be manageable and personal, rather than a big empire that needs a ton of work and people to keep it going, then becoming a solopreneur may be the right choice for you.