According to the State of Independence in America workforce study, there are now over 17.9 million solopreneurs that have committed to independent work as their primary path of income.
The reasons for this growing statistic vary and the group holds more variety than you may think. We are not talking solely young tech moguls or mommy bloggers here. It seems that Millennials, Gen X’ers, and Baby Boomers have all taken to this new way of life. The Macmillan Dictionary lists “solopreneur” as a BuzzWord and defines it this way,
“The term solopreneur is of course a blend of the adjective solo meaning ‘done by one person alone’ and the noun entrepreneur, which refers to someone who starts their own business and is good at spotting and securing the best business opportunities.”
Your Microsoft Word software may still be marking the word “solopreneur” as a misspelling, but the group that encompasses the term, is increasing rapidly. As the US economy took a dive a few years ago, entrepreneurship has been on the rise. And while I believe in the power of a team, I continue to be amazed at how easy our modern world has made it for the solopreneur. Solopreneurs are slightly different than “side-giggers” as they work more hours a week, over 15, on their business ventures.
Think you are ready to take the leap into entrepreneurship/solopreneurship?
Solopreneurs do everything from coaching and consulting to freelance writing and web design. While there are many advantages and a great deal more freedom in venturing out on your own, I suggest you tread slowly. Being a solopreneur is a lot of work. Building up multiple streams of income can take time, and you will need some security as you make a go at it. You may want to consider saving up some resources and trying out some side gigs first. But, do not let that discourage you. Many bloggers and online marketers started out as hobbyists and turned their passions into full-time incomes.
What is the outlook for our independent workforce?
“With shades of independence — from solopreneurs to side-giggers — there is a clear need for a variety of workforce solutions. The study is a wake-up call that at 30 million strong and forecast to grow to 40 million, the independent workforce is not just here, but here to stay.” Gene Zaino, CEO and President of MBO Partners
We’re here to stay. Gather your resources, find a great community of support, and enlist a mentor. You may just find yourself among the elite along the solopreneurship course in no time.
References:
https://www.mbopartners.com/state-of-independence
http://www.einpresswire.com/article/227604870/shades-of-independence-the-story-of-america-s-solopreneurs-side-giggers-via-mbo-partners
Seeking Inspiration? Visit Post:
DO YOUR THING AND “STAY IN YOUR LANE” A MESSAGE FOR SOLOPRENEURS
Also check out the Pinterest Board Entrepreneurs & Solopreneurs
Follow Lori Hil’s board Entrepreneurs & Solopreneurs on Pinterest.
Marina @ Parental Journey says
I love being a solopreneur!! 🙂
lorihil says
Me too Marina! Thanks for stopping by!
Mrs. AOK says
I’m trying to be a solopreneur! I wanted to get more freelance gigs this year, but in November I made a decision to homeschool my youngest two children, which has been my focus. I hope to find a little more balance, so I can call myself a solopreneur. Great post!
XO
lorihil says
Thank you. It is hard to take the plunge completely. I do a variety of things, but little steps bring more freedom. Best of Luck on your Solopreneur journey!