What is a solopreneur?
Solopreneur, entrepreneur, freelancer, small business owner - what’s the difference?
A solopreneur is an individual running their business alone. They have a specific skill set and offer specialized services or products.
Entrepreneurs spot opportunities for innovative business ideas. They tend to build teams that grow their ventures into self-sustaining organizations.
Freelancers are professionals who offer specialized skills and services on a contract basis.
Small business owners establish and operate a small-scale enterprise. They are focused on long-term growth to develop a sustainable business that can generate income and support their employees.
While solopreneurs, entrepreneurs, freelancers and small business owners all embody aspects of professional independence, they differ in their goals, approaches and scale of their operations.
Diving deeper into the solopreneur
It has been said that if you do what you love, you’ll never work a day in your life. The concept of being a solopreneur has gained popularity as it allows individuals to do what brings them joy while managing their own business venture and schedule.
The solopreneur is the business
Without a boss to report to and zero employees to manage, the only person the solopreneur has to report to is themselves. As a team of one, they get to wear many hats. From administration and finances to marketing and social media and everything involved in the business itself.
Do what brings you joy, contract out what doesn’t
As business grows, managing all the hats can become a challenge. A solopreneur may hire contract service providers to ease their workload of day-to-day operations. This allows them to spend their time working on the aspects they love while finding a healthy work-life balance.
