The 2 Worst Reasons to Become a Solopreneur
Living the Life of a Solopreneur
The Right Reasons to Become a Solopreneur
There are many wonderful reasons for deciding to go the self-employed route and use your expertise and skills in your own business rather than working for an employer. With over 22 million solopreneurs out there in the U.S., there are obviously some very real benefits that draw people to start their own solo-businesses:
- The flexibility that comes from setting your own work schedule.
- Having control over who you’ll work with.
- The ability to accept assignments that will give you professional fulfillment and reject those that will not.
- The freedom to pave your own professional development path.
- Doing work that you enjoy and which gives you personal satisfaction.
The Wrong Reasons to Become a Solopreneur
But then there are also the wrong reasons for going into business for yourself.
Becoming a Solopreneur Because You Don’t Like Working with Others
If you’re sick and tired of dealing with other people and think that being your own boss is the way to go, think again. Sure, as a solopreneur, you can often work independently and don’t need to deal with daily office politics, but you still need to get along with people. In fact, it’s even more important for you to hone your interpersonal skills as you work with clients with unique personalities and expectations. And if you’re like me and not only work with your clients, but also with your clients’ clients, you’ll have as much – if not more – interaction with others professionally.
Becoming a Solopreneur to Get Rich
While you can make a good living as a solopreneur if you work very, very hard and know how to manage your time, market yourself effectively, and nurture your client relationships, don’t expect to become filthy rich. Not that it can’t happen, but it’s unlikely. According to the U.S. Census Bureau’s 2011 Nonemployer Statistics (which includes data about businesses with no employees), just 10% of solopreneurs had annual receipts of over $100,000.
Think Before Starting Your Solo Business
So if you’re considering leaving the boss and the 8-5 office behind, be sure you do some soul-searching first. A solopreneur lifestyle offers tremendous opportunity and satisfaction both personally and professionally, but first you need to be honest with yourself about your motives. Do it for the right reasons!
by Dawn Mentzer