The search for “freedom”, better work and economic conditions or making a dream come true are some of the reasons why many people decide to start a business. Although several of them start their own business with the help of partners and a solid team to support them, there are many others, known as solopreneurwho embark on this journey totally alone.
Solopreneurs are those who have a business model in which a single employee manages and operates everything related to the company, so the results and growth depend entirely on what they themselves do.
This type of entrepreneurship has both advantages and challenges; We tell you so you can decide whether to be a solopreneur is for you.
What challenges can I face if I am solopreneur?
Having the entire weight of a company fall on you is not easy, which is why this entrepreneurship model is not for everyone. These are some other obstacles that you may encounter along the way and that you should consider if you plan to be solopreneur:
1) Loneliness
Even if you are very independent, sometimes you can feel lonely not having a partner or team who is experiencing the same thing as you and with whom you can share joys or worries.
2) Little diversity of perspectives
Working with other people with different experiences, environments and experiences often provides varied approaches to the same problem; However, by working alone you can lose this plurality of ideas.
3) Workload
If you start on your own and without support from anyone, the entire operation of the company will fall on you, so it is likely that there may be times when work accumulates and you will have to allocate more time than planned.
4) More limited network of opportunities
You can have a solid network of contacts; However, by not having a partner or colleagues, you may be depriving yourself of other business opportunities that they could generate for you.
5) Lack of expertise
You may be an expert in the operational part, but it is likely that throughout your career you have not had to face administrative tasks, so you will have to allocate enough time to obtain the necessary skills that allow you to manage your business correctly. .
6) Success, but also failures, will depend on you
Your business can go from strength to strength, but it can also go through bumps that, knowing that they depend entirely on you, can negatively impact your mood.
What can I gain by taking this path?
Although there are several challenges that could cause you fear, there are also many benefits that can encourage you to take this path, among which we can highlight:
1) Greater satisfaction
Seeing that your business is performing as expected and even exceeding your expectations can give you an important sense of accomplishment and give your self-esteem an extra boost.
2) Resilience
During this journey you will face many challenges that, when overcome, will make you a resilient person. In addition, little by little you will overcome your fears.
3) Lower costs
Not having to pay for an office or computer equipment, as well as energy or payroll savings, are factors that influence your costs to be lower compared to those of an entrepreneur.
4) Greater control of your business
The decisions you make will depend entirely on you and your business vision, so you will have greater control over the results, services, changes and more.
5) More possibilities for flexibility
Although the workload may be greater, it is also a reality that you have the possibility of establishing your schedules and work days or choosing where to work from., all depending on the organization that best serves you and contributes to achieving the expected results.
6) You will learn new skills
To fully manage your business, you must acquire new knowledge that will help you have a much more solid profile and have more tools to move your business forward.
If with all this information you decide to become solopreneurleave your fears behind and remember that the passion you put into your project will be key to materializing and enhancing your dreams.
Daniela Ramos Communicator and mother. With 10 years of experience, I have been able to tell stories related to business, personal finances, work culture, entrepreneurship and technology.