A solopreneur is not an entrepreneur. Sorry being honest. A Solopreneur
is entrepreneur in the making. So when starting a business SOLO you need
to know many things. How many things and what exactly cannot be said in
a page. Answers varies in accordance with circumstances. However, here
are 5 things everyone should know when starting a business alone.
1. Market
Whatever you are supposed to do or sell, study its market size. Meet people, interact, know, since how long they are in this business. What they think, how will be market for the said business, product or service. If it will rise, go steady or fall.
2. Mentor
YOU WILL FAIL. Not only one, two or three times but many times. Do you know someone who will help you in downtime or when going for expansion. Ideally, mentors do not work for you, hiring a mentor is not cheap, also they are less available human commodity. Start searching right away till you find one.
3.Time
Doing business is 10 times more tiring than doing a job. You not get any salary. Plus you will need to multiply your work hours. If you are going Solo, you alone will be responsible for Marketing, Production and Sales.
4. Family
Everyone have a family. Even your childhood was spent on streets then too you have a family like relations with your friends. When you will multiply work hours, chances are you won't be able to interact with family members. Be open, tell your family and friends and ask for their consent. Mind It; everyone won't be happy with your decisions. Do not go against them indeed convince them. They are people who will come your rescue first.
5. Finances
Do you have sustainable funds for days to come. There is no guarantee how soon you will start making profits from business. It will need time, patience and good amount of work. If you have depends like parents and kids to look after then check THRICE for how long you would be able to sustain without making profits.
DO NOT COUNT ON BORROWING; IT WILL COST YOU A FORTUNE.
1. Market
Whatever you are supposed to do or sell, study its market size. Meet people, interact, know, since how long they are in this business. What they think, how will be market for the said business, product or service. If it will rise, go steady or fall.
2. Mentor
YOU WILL FAIL. Not only one, two or three times but many times. Do you know someone who will help you in downtime or when going for expansion. Ideally, mentors do not work for you, hiring a mentor is not cheap, also they are less available human commodity. Start searching right away till you find one.
3.Time
Doing business is 10 times more tiring than doing a job. You not get any salary. Plus you will need to multiply your work hours. If you are going Solo, you alone will be responsible for Marketing, Production and Sales.
4. Family
Everyone have a family. Even your childhood was spent on streets then too you have a family like relations with your friends. When you will multiply work hours, chances are you won't be able to interact with family members. Be open, tell your family and friends and ask for their consent. Mind It; everyone won't be happy with your decisions. Do not go against them indeed convince them. They are people who will come your rescue first.
5. Finances
Do you have sustainable funds for days to come. There is no guarantee how soon you will start making profits from business. It will need time, patience and good amount of work. If you have depends like parents and kids to look after then check THRICE for how long you would be able to sustain without making profits.
DO NOT COUNT ON BORROWING; IT WILL COST YOU A FORTUNE.