Solopreneur.co

Getting started

What is a solopreneur?

What a solopreneur is, how it differs from a freelancer and an entrepreneur, real examples, pros and cons, and how to become one.

A solopreneur is someone who starts and runs a business on their own, without employees. The word blends "solo" and "entrepreneur". Solopreneurs may use contractors, tools and automation, but they own the business and make the decisions alone.

Examples

  • A consultant selling strategy projects to mid-size companies.
  • A designer selling templates and taking a few custom projects.
  • A developer running a small subscription software product.
  • A newsletter writer earning from sponsors.

Solopreneur vs freelancer vs entrepreneur

SolopreneurFreelancerEntrepreneur
TeamNone, by choiceNoneUsually builds one
SellsServices, products, mediaTime and skills to clientsA scalable company
GoalA profitable, independent businessSteady client workGrowth, often funding or an exit

More: solopreneur vs entrepreneur.

Pros

  • Full control over what you work on and when.
  • Low overhead, so less revenue is needed to be profitable.
  • Every improvement benefits you directly.

Cons

  • Income stops when you stop, unless you build products or systems.
  • You handle sales, delivery, admin and taxes yourself.
  • It can be lonely. See communities.

In the U.S., a solopreneur is a sole proprietor by default or can form a single-member LLC. "Solopreneur" isn't a legal category.

Other languages: solopreneur meaning in Hindi, Vietnamese, Turkish and Spanish.

Everything in Getting started

Frequently asked questions

Is solopreneur a real word?
It's an informal blend of 'solo' and 'entrepreneur' in common business use, not a legal term.
Can a solopreneur hire contractors?
Yes. Solopreneurs often use contractors while remaining the only owner and having no employees.
Update history
  • : first published; figures checked against the sources listed.

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