Skip to main content

5 points to consider when starting Solopreneurship

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

How to get quality traffic on a single page website that converts

Single page website? Not a bad idea. May be you want to sell your products online. You can not write too much as you are too busy in creating and modifying your product. And you need to travel a lot for promotions. Outsourcing could be one of the answer but if your budget is tight then hiring a freelancer may drain your money. And writing regular blog post would be tough. In such a situation one page website can serve the purpose. It will be easy to update especially if its cms based may be like wordpress for example. Its one page website with simple product picture, detailed description, ways to order and customer review. You are not tech savvy and don't want to invest too much on website's geeky things. One page is enough for you. Its doable, but without traffic how will you generate online sales. That is the question right? I said quality traffic that converts and make your bank account numbers increase. After all you mean sales. Its a good idea that you want to focus on you...
Post a Comment
Read more

Why to hire human copywriter when AI can do the job

Good question, that many many many zombies throw at me when I discuss Copywriting. Of course Copywriting is not for zombies. If you are a person or company who has hired a Copywriter to make money then do not hire. Your goal is survival and not zoom or use change as an opportunity. Your question is pretty similar: why drink water when I have sweetlime tree in the backyard and a juicer in the kitchen. However, if you are a professional, business person, company or someone looking to make a change then a Copywriter is worth hiring. Why? If you are a beginner and truly stuck between thoughts of hiring a writer or going with AI, my suggestion is Go with both. Chose a human to use tools, chose a Copywriter to write and encourage him to use AI in creating copy. AI connects you with libraries worldwide and presents data in certain formats. It cannot add human touch. AI can not differentiate between good and bad, AI does not know who is your audience. A Copywriter can seek help from AI to fetc...
Post a Comment
Read more

What is SEO, Why SEO and What Not in SEO

What is SEO you can find millions of web pages across web. Here in this article i will try my best to give you some juice of my 10 years SEO experience. SEO or Search Engine Optimization is overrated in past few years. Webmasters are in the rat race of earning quick bucks from affiliate programs either by choice or by compulsion and hence they are forced to try any hooks and crooks to keep site on top of search results.
Post a Comment
Read more