To be a solopreneur you need to understand your own readiness for it – in terms of personal traits to cultivate and self-motivation – and also where the external opportunities lie. It’s not enough to see any one side of the picture and see it for the whole. It’s both about you, and the context you have to fit into.
To be a solopreneur is also to accept a life of constant learning through a lot of trial-and-error – it helps to have an attitude that turns whatever is thrown at you – all the pros and cons of solopreneurship – into mighty positives.
And finally there are 5 distinct kinds of solopreneurs. Each type has its own limitations and plus-points. Stop for a moment to see where you can fit into all this, before you dive headlong into this beckoning world!
What’s in Solohacks Academy Speed Guide 1?
Who is a solopreneur? Here’s what real industry insiders say!
Who is a solopreneur? And who coined the name ‘solopreneur”? It is clearly an amalgam of two words “solo” and “entrepreneur”, but who decided to mesh these words together remains a mystery. On the face of it, the word “solopreneur” reflects those who would like to be entrepreneurs, but also be the “lone hand” in their businesses. This much is the truth about them.
But the rest of the perceptions that most of us have about solopreneurs is not always correct, say industry insiders. Most kinds of notions are simply an unfair slotting of solopreneurs into a stereotype that many solopreneurs don’t really fit. So let’s see who is not a solopreneur, to really understand who is a solopreneur!
- A solopreneur is not necessarily an introvert
- A solopreneur is not necessarily averse to marketing
- A solopreneur is not necessarily anti-employee
- A solopreneur is not necessarily averse to paychecks
In the next 60 seconds, learn why solopreneurship is getting real hot!
Solopreneurship is undoubtedly on the rise. In fact, nobody is surprised by that. It’s the speed with which solopreneurship is rising that’s the amazing story. What could be the causes? Experts believe that the economic downturn – of 2007-2009 – may have had a huge role in converting a lot of careerists into solopreneurs. People were laid off, fresh college graduates couldn’t land jobs in their preferred fields, and yes – there was lots of debt!
Sure, there’s been a recovery in the past few years, but it’s been a slow recovery. While the slightly older people are getting turned off the quality of traditional jobs available, the millennials are not even looking in that direction. The Internet economy beckons. Why is the solopreneurship option is getting so hot?/p>
- More people into solopreneurship means lower risks for all, more market support
- The professional culture of solopreneurship is gaining by droves
- Solopreneurs serving solopreneurs is driving a sense of community bonding
- Technology is making solopreneurship more manageable and more affordable
3 self-motivation goals to multiply your solopreneur advantages!
Solopreneur advantages are not always those counted by money. And neither are solopreneurs abundantly more fortunate than professionals who work for someone else. As solopreneurs, most of us are motivated to work hard in life in general for many other reasons. For some of us these life-drivers are worth looking at as potential business assets.
What is your area of maximum self-motivation in life and not just in work? What kinds of activity make you feel excited, energetic and enthusiastic? What kind of “end-prizes” in life get your eyes moistening in anticipation? If you have any of these 3 shiny goals in mind that drive you to act, excel and achieve in life generally, maybe that’s exactly what you should focus on to multiply your solopreneur advantages.
- Does the idea of success motivate you? Not just money, but recognition/reputation?
- Does the idea of constant challenge make you feel gung-ho?
- Do you need the exhilaration of jumping tough hurdles?
- Does the idea of authority, expertise get your juices flowing?
How to turn all pros and cons of solopreneurs into mighty positives!
The pros and cons of solopreneurs never really strike you hard when you’re dreaming of becoming a solopreneur. The pros always sound like a bed of roses, and the cons sound like too much fuss about nothing. Stark reality strikes just after you have got into solopreneurship. You realize the truth that, as a solopreneur, your business can only be as successful as you allow it to be.
But wait … don’t back off. Before your face shrinks and your shoulders hunch in despondency, please also realize that since it’s all up to you, you have the power to make both the pros and cons really become huge positives for you. There are no negatives in the solopreneur world, unless you let them be. So read on to see how to turn the pros and cons of solopreneurs in your favor.
- Pros #1: Maximize on the advantage of the flexibility of your work hours
- Pros #2: Maximize on the great creative freedom you have as a solopreneur
- Cons #1: Maximize on the “aloneness” to make it count as quality productive time
- Cons #2: Maximize on your “off-days” to still maintain business momentum
Is the solopreneur life truly right for you? How do you know?
The solopreneur life calls for some specific and ingrained action-and-behavior traits. Some traits may be already innate within you to help you succeed. Some other traits can be learnt and converted into habits. You need to get to know what these traits are that not only can make you a mere solopreneur, but a highly successful one at that.
Of all the traits of successful solopreneurs that I have seen – especially the 6-figure solopreneurs – I would identify these four traits below as the ones most contributory to big success. See if you have these already in you that you can grow – or if you don’t have these traits, you’ll have to acquire them and cultivate them consciously till they turn into spontaneous habits.
- Are you able to steadily work a set number of hours per day 5 days a week?
- Are you unafraid to make mistakes and can you bounce back from them fast?
- Are you able to turn away from all distractions during working hours?
- Are you able to enjoy knotty problem-solving almost as a daily work exercise?
How 5 types of solopreneurs can break free of their limitations!
The types of solopreneurs we now have in the market are almost as many as the people we have on the planet. It’s unfashionable to call yourself a “businessperson” anymore. You have to be some kind of “preneur”! With a huge upsurge in entrepreneurship in the past few years, having just a single one-size-fits-all description of solopreneurs is no longer adequate.
It would be wrong to make any kind of sweeping generalizations about all solopreneurs, and it also seems wrong to assess their goals and challenges with the same yardstick. There are at least 5 clear types of solopreneurs – differentiated by their reasons for being attracted to solopreneurship, the bottlenecks they face, and their expectations of success from having a solopreneur business.
- #1: The Homepreneur: Success goals and major challenges and how to achieve them
- #2: The Mompreneur: Success goals and major challenges and how to achieve them
- #3: The Propreneur: Success goals and major challenges and how to achieve them
- #4: The Sidepreneur: Success goals and major challenges and how to achieve them