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9 Exciting Advantages of Being a Solopreneur

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how to be a solopreneur

Most people haven’t heard the word solopreneur because it’s only been used in the last few years. It is actually entrepreneurs who run their business all by them themselves and work alone. Entrepreneurs are totally responsible for the daily operation of their company but they also have employees as a solopreneur doesn’t.

Now is a good time to become a solopreneur where there are no managers, team leaders, or supervisors watching and managing all the time. There’s no one pushing to reach expectations and goals that are unrealistic. There’s no sitting in a tiny cubicle staring at the walls and wondering how to escape this rat race.

Many people are inspired to become a solopreneur due to a layoff and they need to make some money very quickly. They don’t really want to look for another position elsewhere. They’re looking for something they can be in control of. Basically, they want to be their own boss.

Here are 9 advantages of being a solopreneur:

1. The demand is growing

Freelance work continues to grow rapidly and in the next few years, it will increase even more. Many executives say they will be increasing the use of freelancers, and these people will be replacing employees that have been or will be laid off. There are also more opportunities available through social media because the new American dream is a start-up. On LinkedIn and Twitter, there are many users who show the word “solopreneur” in their bios. Freelancers are banding together and are on the rise, and even the solopreneurs are never alone.

2. Choose a flexible schedule

Solopreneurs are free to choose when and how they want to schedule their time in order to be productive. It’s perfect for attending events that had to be skipped when they had a boss. An important occasion never has to be missed again and worries about getting the time off will be gone. A solopreneur now has the flexibility to balance their professional and personal life just the way they want.

“Happiness is not a matter of intensity but of balance, order, rhythm and harmony.” – Thomas Merton

3. Things can happen quickly

In combination with flexibility is the speed of implementation. After people make the decision to become a solopreneur, that’s it, and it’s done! And the execution can start immediately because they’re now the boss. They can now determine the goals of their company and what strategies are needed to achieve the aims of the business. They can react quickly to any opportunities at the last moment, and the efficiency of the business depends solely on them.

4. Security is better than before

Traditionally, most people stay in full-time jobs because of the safety of a paycheck. However, that security is not relevant any longer. An employee now averages only five years at the same company, and when a business is in difficulty, the first thing cut are the jobs. Solopreneurs usually work for a variety of clients meaning even if one job is over, they don’t lose all of the income at once. It’s easy for them to pick up another client to replace the one that was lost.

5. Employers will create their own marketplaces

The new trend is that many startups are industry specific, and they’re now matching skilled and experienced people to these companies. And soon, there won’t be a middleman as the companies are beginning to set up their marketplace online. The skilled and experienced solopreneurs will then be able to login and select the project they want.

6. Create your own destiny

Solopreneurs hold their own destiny in their hands, and they have the freedom to create their destiny and opportunities. They use their passion, best skills, determination, and knowledge to create the business they’ve always wanted. They can achieve their goals, and nothing can hold them back from now on. Their business can grow, even worldwide, as far as they want to take it.

7. There’s no limit to the earnings

Employees can’t expect much of a raise in pay unless they work on commission or receive performance bonuses. Freelancers usually aim high and plan to make over 40 percent more the coming year. Typical employees feel they would be satisfied with a three percent hike. Of course, not every freelancer will make that much more, but their prospects look very good.

8. Technology is a tremendous help

With so many tech tools and apps available today, the possibilities of creating a great business are endless. By using web-based cooperation, chat, file-sharing, and management programs, it’s so much easier to keep in touch with their clients. There are apps to assist with social media, making videos, keeping reports, and saving notes. As technology evolves, the new products will continue to help solopreneurs in their endeavors.

“I use social media as an idea generator, trend mapper and strategic compass for all of our online business ventures.” – Paul Barron

9. Freedom to work anywhere

Being a solopreneur has a lot of freedom, and one of those is that they can work where they want to. The technology of today makes it possible to work from home or anywhere that Wi-Fi is available. It could be on the beach, in a park, at a quaint café or just in the backyard by the pool. Or, for those who love to travel, they can work from any place in the world.

Being a solopreneur means your job will no longer feel like work. You’re not obligated and don’t have to do anything if you don’t want to. Of course, you do need to set a plan for the workflow and be dedicated to making money. It will just be much more enjoyable.

Have you currently set out on your solopreneur journey? What’s yours like? Leave your thoughts below!
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Success Advice

20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

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You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

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How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

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Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

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Success Advice

How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

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In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

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