Essential Life Lessons for Solopreneurs

Nov 28, 2018

I have been in the solopreneurship game for many years now. I know that a lot of people who think of leaving the 9-5 grind to start their own business or running a business on the side wonder what it’s like. I’m here to tell you that the experience can be terrifying yet liberating at the same time. This blog post is for you if want to know the lessons I have learned.

Hopefully, these lessons will help you decide if solopreneurship is for you. And if it is, I also hope that you’ll have the energy and motivation to keep going no matter how tough the circumstances.

1. Stress is inevitable but you have power over it.

Can you imagine a business that never has problems? That’s hard to imagine because that’s simply impossible. Stress tells you that there is something that you should change. Could it be your long to-do list? Is it your attitude? Know that stress doesn’t have to continue. Deal with it the right way.

2. Develop a laser-like focus.

It may be harder to focus when you’re running your own business than being an employee. There are so many strategies, tools, deadlines to meet, and more. Without focus, your ability to think clearly and solve problems reduce. To increase your focus, train yourself to think of one thing only. Step away from work once in a while and do something different that’s fun.

3. You don’t have to be bored and lonely.

Being a solopreneur can be very isolating at times. It would be a lot more exciting if you had people to share your ideas with. Get over isolation by joining a co-working space. Co-working spaces give you opportunities to connect with like-minded individuals. At the same time, you get that extra motivation as you work in an office-like setting. When you’re at home, join Facebook communities!

4. Know when it’s time to hire help.

“I can handle anything that comes my way forever!” Do you tell this to yourself? If your business is booming, expect to handle more work. How long can you keep up at the same time trying to get enough sleep, eat healthily, and spend time with important people? When you’re no longer happy with the situation, consider bringing in a freelancer or two.

5. Know your niche.

Understand the needs and problems of the audience you serve. Just because a business you know is doing well doesn’t mean you have to copy their strategies. Diving deeper into all aspects of your business allows you to create a product or service that people will happily use.

6. Make sure that your personal finances are safe.

Although starting a business is an amazing venture, your revenue is unpredictable. You can’t be creative enough when you’re limited by your budget. Many solopreneurs have succeeded by maintaining their stable current jobs until their side businesses start earning. Look into your long-term needs. Plan ahead for rainy months.

Do you have your own solopreneur business already? What lessons have you learned so far? If you’re still planning to become a solopreneur, what are your thoughts?