Archive for April, 2017

6 Things Awesome about Solopreneurs

6 Things That Are Awesome About Being a Solopreneur

Solopreneurs are a powerful and growing force in today’s career landscape. A solopreneur is “a business owner who works and runs his or her business alone.”

 

A solopreneur is also the proverbial chief cook and bottle washer, who started the business, owns the business, runs the business and is responsible for the business’ failure or success.

A solopreneur is not the same as an entrepreneur, however. Both assume risk and build a business, but a solopreneur does it alone.

The entrepreneur engages traditional forms of business-building, including the hiring of employees. But the solopreneur chooses whether to grow the business with contract agreements or outsourced providers rather than the standard model of employer/employee.

The benefits of solopreneurship are better experienced than reported, yet if you’re curious about the lives of these disentangled, high-risk, high-reward captains of their own fate and are considering taking the same plunge, here’s what you can expect.

1. You discover the power of automation and outsourcing.

The solopreneur must automate processes and outsource tasks. In the absence of minions to do his or her bidding, a successful solopreneur learns to create streamlined systems that accomplish crucial business tasks.

2. You live to work.

Solopreneurs don’t have to go it alone. They can just as easily shutter their shops and start papering the town with their resumes. They can go right back to the corporate grind. But, why? Work is an adventure — a passionate engagement in the excitement of life. That’s worth living for!

 

3. You choose everything about your business.

It takes a lot of decision-making to run the business. From the carpet’s hue to the company’s slogan, you decide everything. If you’re a sucker for control, you’ve chosen the right line of work.

 

4. You can create your own schedule.

A 9-to-5, a 5-to-9, or a 9-to-9? What gives? You’re the one in charge. Deciding how, when, where and how long to work is completely up to you. Most solopreneurs, though, don’t choose to binge-watch Netflix, sleep in or loll, poolside. And “creating your own schedule” is just another way to describe the inflexibility and demands of working all the time.

 

 

5. You get to keep what you make.

Yes, you have to pay taxes. Quite a bit, actually. On the other hand, your business profits are yours alone. You can choose to incorporate as an LLC or an S-corp, but either way, the money your business makes is the money that you make. Invest wisely.

 

6. You are responsible for your own success.

You have to take big risks if you want big rewards. Solopreneurs internalize this truth. Rather than leave their success to the whimsy of an employer, they choose to take their success firmly in hand.

 

Conclusion

Do you notice a common thread running through these 6 awesome things? Each can be tweaked ever so slightly, and ultimately turn into a terror.

In short, your passion for work may morph into a soul-sucking monster. Your high-earning potential may push you into a miserable tax morass. The necessity of making every decision yourself may burden you with a relentless mental strain.

So, the life of a solopreneur is not for anyone. It takes an iron stomach and a clear head to pull off this kind of self-brutalization and insane risk.

What’s more, these risks of soloentrepreneurship are high, and you can completely dispense with any level of normalcy

You hear people complain of their “healthcare,” and you think whathealth care? Others brag about their four weeks of accrued vacation time, and you smirk about your unlimited vacation time. Conventional cubicle dwellers moan about their mean boss, but you know the meanest boss that ever walked the planet — yourself.

The risks are high. The burdens are great. Yet the experience is transformative.

The few who have tried and succeeded at solopreneurship invariably achieve great things. Whether they continue as solopreneurs, metamorphize into entrepreneurs or leave it all behind them, they know what the solopreneur life is about, and they have the glory stories to tell about it.

 

 

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5 Signs You’re Successful — Even If It Doesn’t Feel Like It

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If you’re ambitious, you’re bound to feel like a failure from time to time. Lofty goals lead to inevitable moments when you aren’t yet living up to your expectations.

We live in a world that reinforces this feeling. Though most people won’t admit it — other than the guy with the ‘He who dies with the most toys wins’ bumper sticker — in the back of our minds, we equate material possessions with success.

It’s a shame we fall prey to materialistic thinking because we certainly know better. A study by Strayer University found that 90% of Americans believe happiness is a bigger indicator of success than power, possessions or prestige. Digging a little deeper, 67% defined success as “good relationships with friends and family,” and 60% said it is loving what you do for a living. Only 20% stated that monetary wealth determines success.

But saying and doing are two very different things.

When it comes to success, our eyes often lead us astray. It’s hard not to feel like the most successful people are those with the biggest houses, the most expensive cars, and the most influential friends. Regardless of what you achieve, there’s always someone with more, and this can make you feel like you’re losing. The problem isn’t your lack of toys; it’s believing that toys indicate true success.

Real success is about who you are and how far you’ve come. If you ever worry that you’re not as successful as you should be, you may be evaluating yourself against the wrong criteria. Sometimes you just need a reminder as to what you’ve really accomplished in life. The success indicators that follow will help you do just that.

1. You’re no longer the center of the universe. We all know “successful” people who act like they’re the center of the universe. It’s their world and the rest of us just live in it…right? That’s not success. True success requires the ability to feel empathy — to realize that other people’s feelings and dreams are just as important as ours, and we cannot succeed without them.

 

 

2.You stay positive. Hope and optimism are essential components of a happy life. If you dwell on the things that go wrong, you become bitter and resentful. When that happens, you fail — no matter what you may have achieved. Real success means always seeing the bright side and believing you have the power to make even the worst situations better.

3. You know that failure isn’t forever. You’ve learned that the only people who never fail are those who don’t try. When you fail, you don’t automatically assume that you’re a failure. Instead, you embrace each failure as an opportunity to learn something — and then you move on. If you still struggle with this at times, know that you’ll never experience true success until you learn to embrace failure. Your mistakes pave the way for your success by revealing when you’re on the wrong path. The biggest breakthroughs typically come when you’re feeling the most frustrated and the most stuck. It’s this frustration that forces you to think differently, to look outside the box and see the solution you’ve been missing.

 

4. You ask for help when you need it. Refusing to ask for help, no matter how much you’re struggling, is a sign of emotional immaturity. Asking for help means that you no longer feel like you have something to prove by being perfect. It shows you aren’t afraid of people discovering your weaknesses and you understand no one succeeds alone.

5. You no longer care what other people think. You only worry about what other people think when you still feel like you have something to prove. Conversely, you know you’ve “made it” when you don’t worry about that anymore — when you’re true to yourself and your principles, and satisfied with your life. You know you’ve made it when you understand that other people’s opinions are just that — opinions. They have no effect on reality. They don’t change who or what you are.

Bringing It All Together

There’s no sense in feeling like a failure just because you think you should have a better job, a bigger house, or a nicer car. Real success comes from the inside, and it’s completely independent of circumstance.