Entrepreneurship is a big word these days. It is a word that we are proud when we mention, and at the same time curse when we think off. Of course, not all of us. But to be honest, as small business owner, only a few years I realised I am solorpreneur. Well, It’s important to note, while all solopreneurs are entrepreneurs, all entrepreneurs are not solopreneurs.
By definition, an entrepreneur is an individual who starts and runs their own business. However, they do not necessarily manage all aspects of their business independently as a solopreneur does. Let’s break down some of the key differences between these two roles.
Solopreneurs are both founders and employees. #Hubspot
An individual who works as a solopreneur manages every aspect of their business and does not heavily rely on delegating tasks to others to get things done. Not only are they the founder and creator of their business, but they are solely responsible for producing and delivering the products or services offered to keep their business afloat.
In some situations, a solopreneur may hire a contractor or freelancer to perform necessary tasks, however, this is typically not a part of the daily operation of a solopreneur-run business.
Reflection: I started my business not by choice but as a need to move forward. I could not get wanted job and did not want to work lower as it was already hard to go to the Creative Director position in my country, so I decided that I will use my skills and build my empire (muahahaha). Very little one.
As a beginner, I did all: branding, documents, workshops, communication, social media, networking, reports, invoices, taxes (that just mean topic in my life :D ) - and still do. On the other hand, as my business is growing and I am getting more overwhelmed by the amount of work, I am thinking to start searching for help (beginners as I was).
Being a solopreneur is an exhausting journey sometimes. Why? Because you get all your insecurities just pop up at any time, you feel small and not worth more. It takes time to build that confidence. That is what I also see with small businesses to whom their business is 'do or die'. So much pressure, uncertainty.
One important thing to know is that you can do a lot but you will need help and support. Don't isolate yourself. In the beginning, I did not want to put work on others or ask for help as I thought it's all on me. IT's MY BUSINESS - so I need to take responsibility. NOPE. It's your business but are more than welcome in some communities to join and get help in: finances, ask questions about taxes, cheaper printing houses, etc.
Entrepreneurs often hire and manage a team.
Many entrepreneurs start off running their businesses solo and eventually hire others to carry out their day-to-day tasks. Unlike a solopreneur who runs the operations of the business and fulfills tasks needed to deliver their products and services, entrepreneurs often outsource the fulfillment of products and services to their employees so they can focus on managing the business itself.
Once an entrepreneur has built a team, they often step into a managerial role in overseeing the work of their employees.
Reflection: I would love to be a proper Entrepreneur, to have a team that would support my journey and ideas. Am I ready to be a leader in the company - I don't think so. I am learning leadership from what I see around me, and theory. But I guess the best school is always real life. I met so many different CEOs and management teams, that at least what I have now is that I know what kind of leader I do not want to be. It's time to learn, what kind of leader I would love to be for a team that would be part of my vision.