Published On: Thu, Jan 18th, 2018

Running A One Person Business: The Details

A one person business is a relatively new idea, but it’s becoming more and more popular with people looking to this option, deeming themselves ‘solopreneurs.’ Being in business when you’re all alone can give you a lengthy run for your money. There’s no one under or over you telling you what to do, and there’s no delegating out tasks when you don’t have the skills to fulfill them. So when you’re doing everything by yourself, it can get hefty and exhausting to keep coming into work each day, but it’s still enjoyable when it’s been a dream of yours for years! Let’s focus on the positives of being able to work by yourself by writing down some tips for getting your own solopreneur business of the ground; here’s some considerations to make.

Running A One Person Business

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Make Sure You Use the Web

It’s all good setting up a shop in your local area and only serving the customers that work through your door, but if you don’t have a website, you’re not going to be able to generate much revenue! With over 3 billion people at last count using the web each year, no one’s going to find you in the phone book anymore!

 

That makes the web the best place to set down your roots. There’s so much online for you to look into that has a lot of value to be used at your disposal; free tools, software, and learning courses that can make the whole venture a lot easier to handle. So make sure this is your stopping point when you’re starting out, and go from there.

 

You need to make sure there’s a gap in the market for you and your product. The web will immediately shortcut a search to show you where people are missing items from their lives, so do your research first before you start up. A few search terms and review scans on sites in your chosen market and ideas should be generating themselves!

 

Getting Paid

When it comes to getting paid, running all the admin to do with finance by yourself can get incredibly confusing. You’re not an accountant, and chances are you’ve never had to run anything except a personal bank account before. Well, times are changing and making sure the cash adds up at the end of the day is now your biggest project.

 

Of course you can outsource when you absolutely need to, as we’re not all going to be perfecting at balancing the books as soon as we try to. Yet, make sure you put the time and effort into detailing invoices properly and sending them out in good time is going to take you far.

 

Indeed, any trouble with this can be swept away; making your own invoices can get a lot easier. Turn to an invoice factoring company to have them sent out and paid immediately for you and cut out any worry to do with losing the custom you worked hard for.

Being a solopreneur means great business.

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