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Today, innovations in technology have allowed more aspiring entrepreneurs than ever to take their shot at opening their own businesses. However, many of these start-ups tend to be run by solopreneurs. Although they are passionate about their product or service, running their own company can quickly take a toll on a person. Therefore, the following list includes three tips to help solopreneur reduce their workload and, ultimately, the stress of running a business alone.
What is a Solotrepreneur?
So first before we breakdown your tips I believe that I need to address the elephant in the room, What is a solotrepreneur? To put it simply, you are an individual who founds and runs their business independently, without the support of a co-founder or employees. So, In other words, a solotrepreneur is an entrepreneur who performs all duties related to their business alone.
Solotrepreneur vs. Entrepreneur
How is being a solotrepreneur different from traditional entrepreneurship? According to Investopedia, an entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market. Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities. Entrepreneurship that fails results in losses and less prevalence in the markets for those involved. It is important to say, while all solotrepreneurs are entrepreneurs, all entrepreneurs are not solopreneurs.
Break Your Tasks Down
Much of the advice out there for entrepreneurs say that they should look at the big picture. However, this might not be the best advice for those doing all the work. Looking at the big picture is helpful, but it should not be used to determine what you do on a day-to-day basis. Therefore, it is highly recommended to break down your tasks. This can be accomplished by choosing your most important tasks and then breaking them down into smaller tasks that can be reasonably completed in a short time. Taking on too much can result in a lack of focus and an overall bad product.
Expand Your Team
Although you might not have space or budget to hire a staff, that does not mean there are no other ways to obtain help. In fact, there are more than enough people online ready to help you with your day-to-day tasks. However, before you go on hiring just any freelancer, you should know the difference between a virtual receptionist and an answering service. This is because although a virtual receptionist will pass on a message left by clients, they will most likely not deal with the customer service aspect of your business.
Seek a Support Group
Joining a support group within your local area is not only a great way to network with other businesses, but also provides you with the ability to learn more about the market. There are a variety of groups you can join, with some only costing a small yearly membership fee. Although many do ask for a small fee, you should see this as an investment. Many of these support groups host prominent speakers or demonstrate the latest marketing strategies that you can use to take your business to the next level.
Running your own company can be a daunting experience. However, there are ways to make the process much easier for yourself. Adhere to the list above to begin implementing these strategies in your own life and company.
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