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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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13 Comments

13 Comments

  1. Avatar

    Rohan

    Oct 23, 2018 at 4:43 pm

    I feel starting a self-business is much more valuable than working for someone. Great share buddy

    • Avatar

      Droid Signal

      Mar 1, 2019 at 2:03 am

      On one standpoint you are right but for many people who don’t have enough consciousness on business may suffer a lot.

  2. Avatar

    Puspack

    Aug 24, 2018 at 5:00 pm

    I think the concept of being a solopreneur is not about doing everything on your own but rather about having a very small core team, working with freelancers, assistants and other companies, instead of building a large organization.

  3. Avatar

    handmadewritings review

    Apr 21, 2017 at 12:04 pm

    Really great post. Some interesting info to watch in last time. Nice job guys, content has really improved a lot. What have you changed in writing it? Looking forward to your answer.

  4. Avatar

    wilander

    Dec 7, 2016 at 9:14 am

    Good post and looking forward to read more.

    • Avatar

      Bruno

      Jun 27, 2018 at 4:21 pm

      Great post reading. I will definitely share with other.

  5. Avatar

    Jaraine

    Nov 2, 2016 at 7:31 pm

    Mutual benefits are also there in entrepreneurship but ill surely recommend solepreneaurship to become successful in every field. Thanks for great article.

  6. Avatar

    Nathalie

    Oct 6, 2016 at 9:05 am

    I love this article. I enjoyed it reading. I had some doubts in this. Now, everything is cleared and I am happy being a solopreneur.

  7. Avatar

    runnernorge

    Aug 29, 2016 at 8:02 am

    This is very interesting content, cloud coming is really getting attention here

  8. Avatar

    Elvis

    Aug 24, 2016 at 7:49 am

    Your information is very helpful. Being a solopreneur is my dream but sometimes i doubt my goals. Number 9 is my own destiny. I can work where I want to and thanks for inspiration 🙂

  9. Avatar

    Chris Targett

    Aug 17, 2016 at 6:36 pm

    I think the key to being a solopreneur is your ability to sell yourself or an idea to other people, as you’ve mentioned through social media.

    I’m seeing people being hired by word of mouth opposed to having this or that qualification. Recommendations is the best way to gain business when you’re an solopreneur.

    Great article thanks 🙂

  10. Avatar

    Stefanie

    Aug 16, 2016 at 6:32 am

    I think it’s about defining what it really means to you. I agree with Tim that you need a skilled and driven team to accomplish your goals faster. If everybody plays to his/her strengths, you can get out way more.
    But yes, I think the concept of being a solopreneur is not about doing everything on your own but rather about having a very small core team, working with freelancers, assistants and other companies, instead of building a large organization.
    From my own experience, I can say that this works for us. Working together with translators, coaches, designers, book keepers, assistants, bloggers has been an important decision.

  11. Avatar

    Tim Denning

    Aug 13, 2016 at 11:07 pm

    Tina I am on the fence about being a solopreneur. Great businesses are built with teams of people generally speaking. I think if you are happy replacing your day to day salary of a typical job then being a solopreneur is something to consider. If you want more then I recommend having a team of people.

    Either way, your article made me think and I enjoyed it. Thanks so much Tina!

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Success Advice

5 Things You Can Learn From The 5am Club by Robin Sharma

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It has been said by Robin Sharma, “5 AM is the time of least distraction, highest human glory, and greatest peace.” This also happens to be the central idea or the core value he has discussed in his book, ‘The 5 Am Club.’ Speaking of early mornings, at what time do you wake up? Are you annoyed by the fact that you wake up on the edge of time and then rush to work in haste? 

The life lessons put forth by The 5 AM Club are exactly the learning and motivation you need to challenge your complacency. In your race against time, you may not have the time to read this fabulous book. So, we have summed up the key book’s takeaways for your convenience.

1. The vigor of waking up early

This is what the book’s most fundamental advice to everyone is. Waking up at 5 am every day can work wonders to avert failures and make success a natural habit. When we wake up at 5 am, we have more time on our hands than others. Besides, this is when we have minimum interruptions and maximum powerfulness of the mind. 

To add, the early morning peace is priceless! You can schedule your most important tasks of the day between 5am, and 8am. This book teaches us in the simplest way, how we can train our mind and strengthen it to deliver the highest productivity by waking up early. This energy that you have when you wake up in the morning and the few additional hours in your day are what serve as perfect ingredients for success.

“The secret to productivity is simplicity.” – Robin Sharma

2. The power of finding the right balance in life

The book talks about a precious lesson of finding the right balance within. We often talk about the need for mindfulness and achieving the right mindset to perceive things. But this book goes a few steps ahead of our usual approach to life. It highlights the vitality of mindset and introduces the concepts of heartset, healthset, and soulset.

These terms may seem new, but they are self-explanatory. The idea of heartset endorses the essentialness of emotional stability and well-being. Next, the perspective of healthset indicates the need to look after physical health. At last, soulset is an attribute of spirituality. As explained in this book, success prospects can be enhanced big time by achieving the right balance between these internal virtues.

3. The iconic 20/20/20 modus operandi

What is the first thing you will do if you start waking up at 5 am every day? Did you ever spare a thought about it? This book has the answer to this question, and you will be convinced that it is a great way to begin your day!. The author suggests that you should split the first hour of the day into three equal parts of 20 minutes each.

In the first 20 minutes of the day, you should prioritize your physical fitness and exercise. In the next 20 minutes, you should energize your soul and spirit via self-reflection and soulful meditation. This will prepare you for the rest of the day and will enable you to bolster your commitment and focus. In the last 20 minutes of the first hour, you should read and learn. But what are you going to read about in those 20 minutes? Read about successful people and their inspiring journeys to the pinnacle of success.

4. The significance of a proper sleep schedule

In this book, there is a mention of ‘a ferocious global sleep recession’, which is intriguing and enlightening. It hints at the state of sleep deprivation that this world is sinking into gradually. We often associate success and hard work with the notion of staying up all night and testing our endurance beyond limits. But that is not the right approach to accomplishing success, or rather, it is a flawed methodology.

Sometimes even if we do not have any critical work, we keep whiling our night time on social media or television. What are we gaining from it is the real question, and I am afraid the answer is nothing! We learn from this book that it is critical to look after your sleep cycle and start your day at 5 am afresh. Sleep and rest are indispensable for mental and physical well-being, or your productivity will decline.

“If you want to have the results only 5% have, you must be willing to do and think like only 5% do and think.” – Robin Sharma

5. The art of evolving

The book sheds light on the need to be spiritual and master self-reflection. However, do you realize the purpose that the routine of reflection each morning serves? The idea is to keep learning, keep reflecting on the mistakes and keep evolution an ongoing process. You should evolve every day and strive to be a better version of yourself every day. So, one of your primary goals after waking up should be to reflect on your actions and missed opportunities of the previous day.

To recapitulate, The 5 AM Club is a must-read book if you are a passionate reader. It has the prowess and charm to refurbish your perception of life altogether. Even if you cannot read the book for some reason, make sure you incorporate the above key takeaways into your life. By starting your day at 5 am, you can rediscover your lost soul and enthusiasm, and you would not have complaints to make about the lack of time. If you can own your mornings, you can go places on the ladder of success, for excuses are only for those who are not committed to their goals.

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Prepare Yourself for Prosperity With These 6 Success Habits

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Success stories don’t come from naturally successful people. They come from ordinary people with starry eyes and big dreams who stayed true to their end goal and consistently put in the work. They are just like you and me. What sets them apart is their mindset — a success mindset. (more…)

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How to Overcome the Emotional Rollercoaster of Success

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If you’re reading this, I’ll let you in on a little secret: you’re a human being. You have feelings, emotions, beliefs, complexity, and a mind that’s always racing. Your feelings at any given moment in your life have the power to affect what you do and how consistently you do it. (more…)

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5 Important Choices that Make Life Worth Living and Success Taste Sweeter

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As we start another year, you’re probably thinking about your life goals, dreams, aspirations, and what you want to accomplish. We know that New Year’s resolutions have gotten a bad reputation because most people lose focus after the first few months and the first signs of resistance. (more…)

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