Author: Daglar Cizmeci

Inside the chaotic world of the solo entrepreneur: The positives and negatives of going it alone

Interested in pursuing a business endeavour on your own? Welcome to the fast-paced world of solopreneurship.

Technology has made it considerably easier, albeit from a purely conceptual point of view, to set up your own company and begin operations. The gig economy coupled by the freedom of successfully communicating, conferencing and collaborating from the comfort of your own home has contributed to over 41 million citizens in the United States undertaking some form of self-employment here, or there. This number will only rise as more workers begin to uncover the virtues of working for themselves.

41 million people sounds like a lot, but the chances are that many more people have, at least at some point in recent years, toyed with the idea of going it alone in business.

The very notion of becoming your own boss is filled with potential drawbacks, the implication of hard work, and lots of struggling while you establish your endeavour. But there are also plenty of positives that can be achieved too.

Many solopreneurs use their endeavours to follow their dreams and ultimately exponentially boost their revenue streams. There are plenty of arguments both for and against becoming your own boss, so let’s take a look at a few key positives and negatives either way and explore them in more detail.

Positives

The freedom of solopreneurship

The most pertinent point of going it alone is the fact that you’re free to make money and steer your business in any direction that you would like.

Being your own boss means that you can finally make all the decisions that you thought your employers should take in previous roles. If you want to adapt a product to appeal to a new audience base, you can. If you’d rather release a sample version of your software to encourage wider adoption, it’s down to you.

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