7 Crazy Myths of Solopreneurship – Let’s Debunk!
Author: Raksha Mohare
Date: September 30, 2024
Wanting to be an Entrepreneur but with lesser Man power and comparatively Lesser investment?
Just right in this blog We are going to Transcend a Few most common Myths that people have before they start their venture in building their business as a Solopreneur.
Research says there are 51.6% of solopreneurs operate from home, while 21.6% run their businesses in an office.
So if you are looking for a career transition and maybe dive into the realm of One-person Business?
Lets take the first step of learning what Solopreneurship is exactly NOT!
Jump to section
- 1. Myth 1 – It’s Easy
- 2. Myth 2- You Won’t Face Failures, or Financial Scarcity
- 3. Myth 3- You can Do it All on you own
- 4- Myth 4- You achieve Instant Wealth
- 5- Myth 5- There is No Business without a Unique Idea
- 6- Myth 6-There is a SECRET to Success
- 7- Myth 7- You work Often With Instincts
- Conclusion
1. Myth 1 – It’s Easy
A lot of people who think to switch careers, think of solopreneurship as an escape from their stressful 9-5 job! There is no less stress here, You must remember you are choosing solopreneurship Only because you get a bit more freedom of choosing your niche of business and a control of Your schedule, But growing the business requires endless hours of handwork and perseverance, You need more commitment to begin seeing results too, But the good part is that, you get to work hard and finally shift all the effort you already do into something you really care about.
2. Myth 2- You Won’t Face Failures, or Financial Scarcity
Every business in the world has it’s own ups and downs, You see, when I started freelance writing, and blogging I had my share of expenses to even start my business. I had to pay monthly charges for blog hosting, paid courses, and additional charges fro a few services to put up my work.
Yes, the initial investments will not be paid off unless you put in the work and have enough patience and yet dare to keep investing the very two Currencies that you have, Time and Money!
Well, Here a Youtube Video of Dan Koe, Harsh Truths about Money
3. Myth 3- You can Do it All on you own
Yes, Quite the contrary as it may seem, Solopreneurship mean you usually work all by yourself, But it really isn’t shameless to admit that you don’t get all the work done all by yourself! Solopreneurs often outsource some work, especially ones thatchy do not expertise in, for e.g A writer would outsource a web designing service for her website or her client’s website, Or even she may give a customized service to the client who’s looking for multiple services.
And Ofcourse, If you find Yourself stuck with managing with your Own expert Tasks, I think this Blog here Would be helpful, How to Manage Time as an Authoritative Solopreneur
4- Myth 4- You achieve Instant Wealth
Instant wealth doesn’t even sound healthy does it? haha, so, it’s a no brainer that starting any business requires time and efforts, The smarter way to survive by this is to hold on to your 9-5, to be on a safer side, once you start earning an income that could replace your stable 9-5, You can then take the decision to completely Grow your business to its full potential.
Here’s a Youtube link again, to Help with solving the Myths of Solopreneur
5- Myth 5- There is No Business without a Unique Idea
Business ideas, People really come up with the most unique ideas to start a business, One thing I’d want to tell you that if you are looking to start a business of any sort you’ve already got what it takes, the only thing that makes your business unique is You!
You don’t have to magically come up with unique ideas, It is only when you tae your time researching, Finding Pain points,Analytics, Know what’s in Demand, Is when you can come to s conclusion as to what exactly is it that would work out.
Also, it isn’t necessary that the first idea you come up with will grow exponentially, You just need to have a general idea and a broad perspective and then niche down as you go along.
6- Myth 6-There is a SECRET to Success
Do we need to even explain this? The only ever secret whatsoever is that THERE IS NO SECRET!
Although we can have one topic to spark a discussion which is, The most successful entrepreneurs definitely know more things than we do.. When I was a beginner, I still consider myself to be a beginner, but you see it is important to know that, they do know a lot, and we have a long journey of learning to do..
The Open Secret is where the internet reveals to us, Th enaalytics, the numbers, the data the Research, The systems we create, sTatistics of what worked! These are the realistic systems that will take us way ahead in business.
7- Myth 7- You work Often With Instincts
Well, in some cases it is definitely true that we do have instincts to trust, But businesses are 90% Data and 10% instincts. Instincts can often deceive us but Data is all there!
Conclusion
Starting a business of your own will not reduce the stress that you have now! might even add up more stress. But looking at the right goals, like say, career satisfaction, happiness, remote opportunity, Time with family, Work from anywhere.. these perks would sound quite like a benefit overpowering the cons, So, Good luck..
if you are truly considering Career transition these blogs might truly help you navigate the process or even help you take decisions.
Ultimate truth about Quitting 9-5
5 Peoven steps to Effectuvely change Career Midlife
How to Emotionally handle a Career Change
3 thing to know before career change
Happy Reading..
cheers.
0 Comments