Solopreneurs are Changing the Face of the Economy - Deepstash

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Solopreneurs are Changing the Face of the Economy

Solopreneurs are Changing the Face of the Economy

entrepreneur.com

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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.

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.

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.
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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 n...

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