A solopreneur is a different kind of entrepreneur. An entrepreneur is concerned about company growth and expansion with the help of a team in creating the products and services. The pandemic has forced many to build their own businesses. Many also realized that even if they can go back to their jobs, having a business means additional income for the family.
Experts and trainers have become in demand these days. The pandemic has made it possible to continue making money by working online. Thus office training is still given to employees via video conference. These are individuals who still have their 9 to 5 jobs but still prefer to have a side hustle to generate more income.The Digital Age has opened several opportunities for us to build a business on our own.
An entrepreneur can get ideas and suggestions from a team. A solopreneur does not have this luxury. If you have an idea, you have limited outside opinion and there are no coworkers that you can brainstorm with. You would need to do more work by researching and looking for others who can give their opinion or advice.Before deciding what you want to be, you should write down all the pros and cons of what you have in mind.
If you think that you can build a business without having a team to rely on, then go for the challenge. Just remember that you aim to create a better future for yourself and your family. Choose the one that can make that happen and make you happy.
Is this the modern term for 'sole proprietorship'?
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