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What’s the Difference Between a Solopreneur and an Entrepreneur?

In my everyday life, I regularly interact with entrepreneurs and solopreneurs and teach them how to create content that provides a return in the most time-efficient manner possible.

All solopreneurs are entrepreneurs, but all entrepreneurs are not solopreneurs! Where do you fall?

What is an entrepreneur?

An entrepreneur starts off their business solo. They begin with an idea and decide to run with it! Once their vision picks up traction and business builds, an entrepreneur works to add more members to their team. Hiring on other team members and employees to create products and fulfill services frees up time that allows the entrepreneur to focus on maintaining and managing the actual business side of the operation. Once the business is running smoothly, an entrepreneur generally spends more time working on the company than in the company.

Due to the larger employee base, an entrepreneur can also diversify their business ventures and branch out. They do not need to focus on one facet of business because they have the resources available!

What is a solopreneur?

A solopreneur’s main goal is to create a business that they can run by themselves. They are the founder, creator and only employee. If a task requires specialized help, a solopreneur might hire a freelancer or contractor on a temporary basis but there is no end goal of creating a team.

One main draw of being a solopreneur is that you do not have anyone higher up in the company to answer to. A solopreneur is their own boss! Another draw to solopreneurship is that—once a client base has been created—there is less pressure to constantly seek out new clients. As a small and centralized business, a solopreneur does not have the resources to cater to a large client base, but instead they focus on meeting the needs of a smaller circle of clients.

Which approach is best for your business?

The good news is this decision is entirely up to you! It generally depends on what you want your business to focus on. Do you have a specialized business focus and a desire to truly be your own boss? Becoming a solopreneur might be a good fit. If you enjoy interacting with people and building your ideas into a larger format, then entrepreneurship might be something to consider!

No matter what approach you use, I am here to teach you how to create content that provides a return in the most time-efficient manner possible.