Solopreneurs are Changing the Face of the Economy
Curated from: entrepreneur.com
Ideas, facts & insights covering these topics:
4 ideas
·249 reads
2
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Solopreneurs are on the rise
In 2019, 50.7 million businesses were identified as small, employing up to 499 people. Eighty-one percent of those business owners had no additional employees.
Solopreneurs are entrepreneurs who, by choice, run their businesses entirely on their own. They come in all shapes.
9
93 reads
Redefining a work-life balance
People are leaving their jobs to start their own businesses. Yet, less than three percent of the 51 million independent workers filed as businesses intending to hire employees.
A 2021 MBO Partners report found that 82 percent of independent small business owners want to keep their company small, and 56 percent said they wanted to remain solopreneurs. Many became entrepreneurs to improve their well-being, not to add complexity by managing other people or building a mass operation.
9
55 reads
Diverse solopreneurs
A decade ago, solopreneurship might not have been possible but new technologies give the tools to turn anyone into an entrepreneur.
- Billionaire Kylie Jenner outsources manufacturing and packaging to private label producers while letting different services handle her sales.
- Drop-shippers evolved from third-party order fulfillment for Amazon and eBay.
- Solopreneurs, from dog trainers to therapists, can bring home six-figure incomes.
9
55 reads
A diverse economy is stronger
As major enterprises continue to automate and consolidate, they’ll need less manpower and leave fewer places for everyone to fit. This will leave more room for people to start their own businesses.
Reports predict that the number of solopreneurs will skyrocket by 2026. They’ll create more networks of solopreneurs hiring solopreneurs and increasingly develop more resilience working together. As they become more diverse, society as a whole will demonstrate greater economic endurance and stability.
10
46 reads
IDEAS CURATED BY
Ronald Anderson's ideas are part of this journey:
Learn more about entrepreneurship with this collection
How to write clearly and concisely
How to use proper grammar and punctuation
How to structure a business document
Related collections
Similar ideas
2 ideas
The 8 types of solopreneur
blog.freelancersunion.org
10 ideas
9 Ways Your Company Can Encourage Innovation
entrepreneur.com
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates