Being a solopreneur or Solo Entrepreneur can be a very exciting thought!A solopreneur is a person who sets up and runs a business on their own. They, as an individual, are the business, functioning as a ‘company of one’ and single-handedly working for the business, running the business, meeting all its costs and enjoying all the profit. Though they may occasionally outsource work when in need of assistance, they are essentially a one-man band, employing no one but themselves. We have tried to compile a list of Top 10 Motivational Tips for Solo Entrepreneurs to help them through their highs and lows. But before we talk about the list. Let’s take a look at some difficulties one faces as a Solopreneur.
Here are some challenges that solopreneurs face.
- Managing Risk
Manage the risk of a heavy workload and the potential to spread yourself too thin by creatively managing costs to get things done. Barter with fellow solopreneurs, hire interns for school credit and create a quarterly calendar of important milestones.
- Keeping Focus
Solopreneurs rely heavily on their personal gifts and talents that create value for their customers. We have to learn the parts of running a business that doesn’t come naturally. As a result, we can quickly go down any number of rabbit holes, chasing knowledge and skill.
- Not Having a Clear Vision
Decide what it is you do for your clients and how you provide the solutions to their problems, and then map out a clear path for how you are going to deliver this. Invest in a product, program, coach, consultant, or mentor that will help you achieve your goals. You will get there much faster.
To Combat these issues, let’s take a look at our list of :
Top 10 Motivational Tips for Solo Entrepreneurs
1.Frame your vision as a constant reminder
As you get busy facing challenges and taking opportunities in business, quite often your vision, the reason you started the journey, might start to blur. It is very crucial to take time initially and clearly chalk out your vision. Doing this will not only help you to make your decisions but also motivate you during darker times.
2. Setbacks are part parcel of the game
No success comes without a couple of failures. While some goals are achieved easily at times, others take multiple trials and errors to reach there. The point is sooner or later you will reach your goal but the important thing is to keep trying without losing your passion and enthusiasm. As a solopreneur, it is possible to give up after facing few challenges without having an active partner to keep you going. Self-motivation is the key. Moving to our third tip in the list of Top 10 Motivational Tips for Solo Entrepreneurs
3. Be with people who share your motivation
Family and friends who share or understand your passion and drive can be very impactful in motivating you throughout your journey. Spending time with them can replenish your energy and boost to work towards your goal. They can be a great source of support, especially at tougher times. Most of the times they are also the initial investors in your business giving you the push to start with your business.
Another way to surround like-minded people is to join local professional groups and clubs. Such association helps you connect with people going through a similar journey and help you realize you are not alone. They can not only provide valuable news and updates on the market but also be a great support by consulting on various challenges specific to your business.
Being Happy Helps in Motivation
4. Celebrate your successes
Running a business can be taxing and require to be constantly working. However, it is important to take a break and enjoy even minor achievements that you gain. This will rejuvenate you and keep you motivated to work harder to achieve your next goal. Celebrating with your family and friends will also help them be part of your achievements and appreciate your efforts.
5. Set annual, monthly and weekly goals
Charting out your long term and short term goals will give you the focus to achieve the vision you have for your company. Reviewing yourself periodically can give you the clarity on where you stand and what improvisations are required in your plan of action to be on the right track. They also play a role of the checkpoint to validate if the goals and timelines you have assigned yourself are feasible or unreasonable.
6. Declutter yourself
A cluttered environment can lead to a cluttered mind. It is very easy to get unorganized while being always on the move. Whether it is your physical environment or digital, keeping things cluttered affects your psychology. Researches suggest that when you are not an able thing or decide something clearly then try after you have organized your immediate environment like your work desk. The actual action of organizing will also help to organize your thoughts and get the clarity you require. Next in line is Habit in our list of Top 10 Motivational Tips for Solo Entrepreneurs
Habits negate lethargy
7. Build habits that lead to success
While it is important to set targets, it is also equally important to work on building habits that will help you achieve those targets. Being solo it is possible to get lethargic or lenient at times. Good habits prove sustainable to carry out activities that will help you grow or start a business. Also, as you proceed from one goal to another it is human to lose the importance of some of the activities that you initially valued so much. Making them part of a habit will ensure you continue to do them much later in the journey.
8. Always ask the question “why”
It is necessary to always be aware of the objective of the task that you choose to perform. Asking the question why will help you answer the importance or the need to do it. If the answer does not justify the effort and time you should consider doing it altogether. This will also help you to prioritize your tasks.
9. Identify a mentor who values and understands what you do
It is good to have a mentor who can share your successes and challenges. Someone who can guide you and motivate you when things go wrong. Having a mentor with whom you can discuss your ideas and action plan can help you understand the feasibility of your thoughts. However, it is important to choose the right mentor. A mentor should be a positive person who can empathize with your passion and goals. Someone who is critical of all your ideas can demotivate you from taking risks and trying out new possibilities.
10. Make the best of available resources
Funds and resource constraints are common challenges for any business whether big or small. At times it could get frustrating and demotivating. Making the best use of available resources is a talent that very solopreneur must have. Finding innovative ways to work around with fewer resources can be highly satisfying.
Keeping yourself motivated every day is not humanly possible. There will be days you will be all pumped up to achieve your goals and also days when starting your day itself will be a major task. It is okay to let go at times, take a break and relax. It will help to come back with more passion and rigor. The tips mentioned above are some that you could try. It is important to figure out what motivates you the most and do them.
All the best!