There was a time when quitting your job and pursuing your dream business idea was considered a suicidal career move. Not anymore. Today, there is growing tribe of people who have embraced the idea of floating a business and making it work alone. Soloprenuers are captains of their own ship, playing out a high-reward and a high-risk game which allows flexibility, income, and a whole lot of satisfaction. So why are more people embracing a career that involves juggling a whole lot of things at once, doing erratic work schedules, and taking a whole lot of stress? Well here are 9 reasons why.
1. Your profits are only yours
After paying taxes, the profit your business makes belongs only to you. So, you can invest it as per your discretion and need.
2. Work as much as you want
If you are always thinking of work or cannot get back to work after a break, being a solopreneur is perfect for you. This way, you can work as many hours as you want and how you want. You won’t have to answer to a boss or drive an employee, hoping he will work as hard as you! You can choose to work remotely from your home or go for a coworking space too, where no one will rain on your parade or disturb you.
3. Embrace outsourcing and automation
Since you are a one-man or one-woman army as a solopreneur, you will learn how to automate many business processes and outsource different tasks to various service providers. You will get used to multi-tasking and will incorporate digital technology into your everyday processes for an efficient workflow.
4. You will be in control
If you don’t like listening to other people’s advice or it is you who always has to plan every event, being a solopreneur is ideal for you. It will give you the space to take all kinds of business decisions, exactly the way you want.
5. Hire the way you want
As a solopreneur, you might not hire people in a traditional manner, or get a CFO for your company. But you will have the liberty to pick a contractor, financial advisor or web developer as per your wish and manage them too.
6. Your schedule can be flexible
There’s no reason why you have to stick to a 9 to 5 schedule to get your job done, as a solopreneur. You can work during late evenings or at night if that suits you. If you can manage your time well, working remotely from your home or from a shared working space will be no hassle at all. Both offer flexible timings.
7. You become your brand
Branding is a concept that is no longer confined to businesses. Developing a personal brand as a solopreneur is very crucial for your business’s success. And that will happen through the work you do, how professional you are, what kind of clients you have and your vision.
8. Your success is in your hands
Since being a solopreneur means doing everything alone, how successful you are will depend on what chances you take. Though risks are involved in every business decision, you alone get to make that decision, without having to depend on what your employer thinks.
9. Every day is an adventure
If you expect a steady paycheck, job security or other benefits from solopreneurship, you are wrong. But every single day will be adventurous, exciting as well as risky for you. You might go through alternate moments of high and low. But if you are brave and confident, flying solo will bring you the satisfaction and success nothing else can!
Let’s get one thing straight here. The risks are definitely higher here. And so are the burdens and worries. But what lies at the end can be transformative. So, if you are tired of your 9-to-5 job, or you are no longer satisfied with freelancing, consider being a solopreneur. Who knows, you might create great ripples in the job industry!