Solopreneur benefits vary, depending on who you ask. But most solopreneurs invariably agree that once you get used to the hurdles and bumps that are part of the journey, the solopreneur life is overall awesome. What do successful solopreneurs really love about their life? It’s mighty interesting to know their inner minds. It’s especially interesting to know why they love what they do about solopreneurship. In this Solohacks Roundup, we’ve pulled together some of the benefits solopreneurs say they most value about their chosen workstyle. See if you agree with any of these opinions.
- What matters most to me isn’t fame and fortune, it’s freedom
- I get to reap all the rewards – my profit is mine, and mine only
- I have control over my own destiny, and it’s an empowering feeling
- Focus on purpose over passion, and have some healthier goals
- Each day can bring you something completely new, if you wish it to
- If you’re a sucker for control, you’re in the right line of work
- Your days are filled with doing what you want to do, when you want
- If you get it right and you do well, then it’s completely worth it
- A solopreneur is about enjoying life – business is a fun side project
- We can turn what we dread into our solopreneur superpower
- One of the joys of solopreneurship is collaboration
- You can pick and choose projects that you truly believe in
- Working for yourself, your earning potential is theoretically unlimited
- Mistakes will happen from excitement colliding with inexperience
- Tap into those incredible introvert traits if they help you succeed
- Full-time jobs now don’t have more paycheck safety than solopreneurs
- Solopreneur businesses offer enough room for workaholics to grow
- You can now choose to work with creative, inventive, fun people
VIDEO: Lydia Lee on “How Being A Solopreneur Gave Me Freedom & Flexibility” (Must watch: 13:44 minutes)
Lydia Lee is a solopreneur work Reinvention Strategist. In this video, she explains how she doesn’t believe in growth at the cost of freedom … and why choosing to be a solopreneur gave her the freedom to work from anywhere with a simplified model that fits with the flexible life she wants to have.
1. What matters most to me isn’t fame and fortune, it’s freedom
Larry Cornett in the article “15 Perks of Being a Solopreneur”:
“I’ve tried to resist the allure of being a solopreneur. But, I keep being drawn back into it because the benefits align so well with my personality and preferred lifestyle.
The world — especially the world of Silicon Valley — wanted to convince me that my ambition should be larger. Some people would mockingly refer to founders starting “lifestyle businesses.” I was lead to believe that:
- I should settle for nothing less than building the next billion-dollar company.
- I should want to become a multimillionaire.
- I should crave world domination.
However, it’s just not who I am. It took me decades to understand what mattered most to me. It wasn’t fame and fortune.
It was freedom.”
2. I get to reap all the rewards – my profit is mine, and mine only
Christina DeBusk in the article “9 Reasons I Love Being a Solopreneur”:
“I do appreciate the lower stress levels I have in knowing that I can control my own income based on the rates I set and the number of hours I choose to work. If I need more cash in the upcoming month, then I simply schedule more projects. Problem solved.
There is also something completely satisfying about knowing that if I am working my butt off by getting up at 3 AM and working until 8 PM, I get to reap all of the rewards.
This helps make super long days worth it because I know that my bank account will show the results in the end.”
3. I have control over my own destiny, and it’s an empowering feeling
Suzanne Lucas in the article “5 Reasons Being a Solopreneur Is Great”:
“Now, this is actually true about people who work for others as well, but many people don’t realize how much power they have.
I get emails all the time from people who are desperate to get away from a horrible work situation but haven’t even considered looking for a new job. What they want is for the other people at the office to change so they don’t have to.
As a solopreneur, I recognize that what I do is my choice. When I’m working on an especially difficult project, I recognize that I took this on.
I could have said no. I chose this life. I chose this project. I chose this client. It’s an empowering feeling.”
4. Focus on purpose over passion, and have some healthier goals
Annie Pilon in the article “21 Rules for Solopreneurs to Live By”:
“In the solo space, you hear a lot of people say ‘do what you love,’ ‘do what you’re passionate about.’ But to succeed as a solo, I think you need to be motivated by purpose, not passion. Passion is the emotional, irrational euphoria that occurs at the beginning of a relationship.
When solo businesses are based on passion, it’s very difficult to survive serious setbacks. Love can quickly turn to hate.
Also, money isn’t everything for solopreneurs. To make sure that your business practices are actually sustainable, you have to also keep up your personal health and happiness.
Unlike a non-solo business, solopreneurs must include health of body, mind, and personal relationships when evaluating success. Health in those three areas will determine how successful (and sustainable) your business is in the future.”
5. Each day can bring you something completely new, if you wish it to
Lisa Penson in the article “My Top 5 Reasons to Become a Solopreneur”:
“You might be someone with a hyper-specialised niche skill who sees their solopreneur career as performing one particular task repeatedly for a range of different customers. And that’s fine. If that’s what you’re good at and what you enjoy, then go for it.
For other people, however, the draw of solopreneurship is that they can pick and choose their work. Yes, at the end of the day you need to pay the bills, so you may not have the freedom to be totally picky, but at the same time if you’re presented with a job that you really don’t want to do, you can politely decline and move on to something else.
Each day can bring something completely new if you wish it to. A new client. A new project. A new way of working. Fresh ideas. As a solopreneur, you have access to a virtual spice rack with which to flavour your career.”
6. If you’re a sucker for control, you’re in the right line of work
Neil Patel in the article “12 Things That Are Awesome About Being a Solopreneur”:
You choose everything about your business. It takes a lot of decision-making to run the business. From the carpet’s hue to the company’s slogan, you decide everything. If you’re a sucker for control, you’ve chosen the right line of work.
You can create your own schedule. A 9-to-5, a 5-to-9, or a 9-to-9? What gives? You’re the one in charge.
Deciding how, when, where and how long to work is completely up to you. Most solopreneurs, though, don’t choose to binge-watch Netflix, sleep in or loll, poolside. And “creating your own schedule” is just another way to describe the inflexibility and demands of working all the time.”
7. Your days are filled with doing what you want to do, when you want
Jo Barnes in the article “What Is A Solopreneur (And How To Become One)”:
“Imagine waking at around 7am and heading downstairs in your PJ’s to make a coffee.
You casually water your hall plant, set up your yoga mat for a nice morning stretch, call a couple of family members, make a nutritious breakfast and finally settle on the sofa in your slacks with your laptop and cuppa.
As the morning passes, you’re answering emails, making calls, creating images, writing posts, coding apps, tutoring students online, or doing whatever your online business requires.
You stop at 1pm to meet a friend for lunch, and your afternoon is full with a class you want to attend, your child’s school play, a favor for a family member, etc.
Your life is your own, your time is your own, and your days are filled with doing what you want to do, from where you want to do it.”
8. If you get it right and you do well, then it’s completely worth it
Lilach Bullock in the article “Life of a Solopreneur”:
“Solopreneurship is very much a high risk/high reward game. I think you need to have a certain type of personality to be able to deal with that. This is one of the big reasons why I feel that being a solopreneur is really, at its core, a lifestyle choice.
The question you really need to ask yourself is if the highs will be enough to help you deal with the lows.
As a solopreneur, you also have to be ready for the unpredictable; at least, that’s the case with me and my business. There’s no one week that’s really the same as the last for me, and I’m never sure where I’m going next most of the time.
Being a solopreneur is hard, hard work. But if you get it right and it’s something that you want to do well, then it’s completely worth it, at least in my opinion.”
9. A solopreneur is about enjoying life – business is a fun side project
Steve Stretton in the article “Solopreneurs: Work/Life Balance Should be Your Goal. Profits Are an Added Bonus”:
“If you start a business and your goal is to maximise profit – you are swapping the 9-5 for certain 12 hour days and a more stressful lifestyle. You do not need to maximise profits – focus on your life, focus on your family and focus on your happiness.
I’m evangelical about it: Money is not your goal. Lifestyle is your goal. Don’t envy billionaires for their money, envy them for their freedom. A solopreneur is straight up about enjoying life, with business being a fun side project. Wine and dine your children, not venture capitalists.
I know it sounds conceited, I know it sounds cliché, I know it sounds like I’m climbing on a high horse and telling you you’re doing it wrong… But I’m writing this from a treehouse in Borneo, watching the sunset.
My girlfriend got attacked by a monkey on a beach today – it was trying to steal our fruit. I chased it away with a handful of shells and when it’s mother came we escaped to the sea.
I’ll never be a millionaire, but I know I’m a success.”
10. We can turn what we dread into our solopreneur superpower
Leah Neaderthal in the article “What’s your Solopreneur Superpower?”:
“Every solopreneur has something that scared them when they first started their business. Something they hated so much, they never could envision being good at it. But solopreneurs, we don’t shy away from a challenge, do we?
Sure, there are some things it’s best to leave to the pros (hello taxes). But there are other things that we know we can learn, and we should learn, and we need to learn if we’re going to build the businesses we know we can.
They are the things that make us stronger business owners and stronger people. So over months and years we try, we learn, we test. We have failures and we have successes.
The result? We turn something we dread into our solopreneur superpower.”
11. One of the joys of solopreneurship is collaboration
Deborah Henry-Pollard in the article “What’s it really like being a solopreneur?”:
“Some people get hung up on the “solo” part of solopreneur. Yes, when it comes down to the bottom line, it is your business and your responsibility, but don’t let that fool you into thinking you actually have to do everything on your own.
One of the many great joys of solopreneurship is collaboration. This can be formal, through sub contracting, joint projects or hiring someone to do your accounts or marketing – yes, you are responsible, but you can delegate! Or it can be informal, using support systems like Creatives Hub, KindredHQ, or other regular groups.
These can be where you share your idea and get support on moving forward with it; or where you co-work, with all the great bits of working in an office (company, banter, people to ask how to close apps in iOS 7) without the office politics and posturing or the slightly tedious chap from accounts; or just to kick back and talk to another human being when you are sick of looking at the tiles in your kitchen.”
12. You can pick and choose projects that you truly believe in
Alisha Shibli in the article “5 reasons why being a solopreneur is awesome”:
“Even if you’re working in a job that you love, there are times when you have to work on projects or assignments that don’t really excite you. Sometimes they may even go against your beliefs and values, but you have to take them in your stride as they are “part of the job”.
Being a solopreneur, however, allows you to have greater control over the work you do. You can pick and choose clients and projects that you truly believe in, that resonate with your personality, that excite you, and even challenge you.
For instance, if you’re a freelance advertising consultant and you are passionate about the environment, you can choose to work with eco-friendly brands or with environment-focused CSR projects of corporates. As a lawyer with a private practice, you can choose to work on women’s issues if that’s where your interests lie.”
13. Working for yourself, your earning potential is theoretically unlimited
Kali Hawk in the article “What It Is Really Like to Be a Solopreneur”:
“My motivation behind striking out on my own? When you work for yourself, your earning potential is theoretically unlimited, and usually, the harder you work the more you can earn.
I wanted to be in control of the money I made. I wanted to save and invest more so I could accelerate my progress to financial freedom. That was the biggest motivating factor in making my own work and career.
But of course, I also wanted the ability to work how and when I wanted. I love working from home and as I mentioned, I’m starting to take advantage of the fact that I’m location independent and don’t need to report to an office on someone else’s schedule.”
14. Mistakes will happen from excitement colliding with inexperience
Sarah Alrehaimi in the article “9 Lessons I’ve Learned being a Solopreneur”:
“Mistakes will be made. Just get used to it. It comes from a place of excitement colliding with inexperience. It’s equally sad and beautiful.
I think one of the biggest mistakes I’ve made was moving my production from my home kitchen into a larger workspace 20 minutes away from home. That decision was made too soon.
In retrospect, that was the wrong decision to make for me, at the time, considering the stage of my business, and my stage in life with my family.
Now when I’m faced with a decision that requires a substantial investment or has to do with growth, I take my time and I think of the reasons why I’d like to make that decision. Will it really serve me? Or am I just excited? “
15. Tap into those incredible introvert traits if they help you succeed
Charlie Marie in the article “The 5 Key Benefits of Being an Introverted Solopreneur”:
“Introvert solopreneurs think outside the box. We’re not massive fans of saying ‘look at me and what I can do’ as we know how much energy that will cost. So we tend to think of other creative ways to collaborate, find new clients, new customers and reach out to new businesses. It can often be a very effective way of standing out.
Our attention span and focus is always super focussed on the task at hand and we can often achieve much more by not needing to use up our energy in team environments. As solopreneurs often prefer working alone, this can be a huge benefit to ticking off your to-do list.
Introverts have a tendency to want to know it all themselves, as we prefer to work alone. So if there’s something we need to know about, we’d rather learn it, than ask it. Whilst this can be a draw-back at times, it often means we understand all the components of our business very well. We’re also very curious, and highly driven by what we still don’t know, which often means we tap into new opportunities for our business.”
16. Full-time jobs now don’t have more paycheck safety than solopreneurs
Tina Murphy in the article “9 Exciting Advantages of Being a Solopreneur”:
“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.
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.”
17. Solopreneur businesses offer enough room for workaholics to grow
Susan Ascher in the article “The Best Benefits of Being a Solopreneur”:
“Some careers don’t offer enough room for workaholics to grow. When you’re behind the wheel of your own business, you expend all that energy and enthusiasm for the good of your brand.
Few things in life are as exciting as carving out a place in the world for your business. The risks and rewards are so much greater than the regular corporate grind. Solopreneurs have the opportunity to experience hard-earned success in a way most of us never will.
For solopreneurs, making decisions can be exhilarating. When you travel the business road alone, you’ll be able to decide every single detail.
If you’re a night owl or early bird, you can work when you want to work. When you craft every detail of your company, you can choose how long to work to fit your life best.
Being a solopreneur is a challenge unlike any other, but the rewards can far exceed your expectations.”
18. You can now choose to work with creative, inventive, fun people
Sue Anne Dunlevie in the article “The 5 Great Advantages of Being a Solopreneur”:
“The word freedom is something that you will happily get use to when you are a solopreneur. Today’s technology allows you to work from anywhere you see fit. Depending on what type of business you own, you can choose to work from your own office, your home or anywhere that they have Wi-Fi.
You may find yourself working from your laptop at a coffee shop or the library. There is even free Wi-Fi available at parks and beaches! You can enjoy traveling, working and being productive from anywhere in the world that is suitable to your lifestyle.
You can choose who to network with, like people who you find creative, inventive and fun. Gone are the days of being forced to work side-by-side with difficult people that lack passion and drive. You are now capable of surrounding yourself with the best of the best. Choose to work with clients that share similar goals, values and professionalism.
When you commit to being a solopreneur, you suddenly pay attention to every detail, ultimately making your business experiences more meaningful and fulfilling. Soon your business becomes more like the child that you have created, nurtured and watch grow every day.”
So What Are Your Thoughts? Do Share!
This post is incomplete without your input. The community of solopreneurs would feel galvanized to hear from you … so do share your thoughts on this topic with us, in the comments field below this post.
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