Lately, we have spent a lot of time discussing the concept of “solopreneurship,” which originated from the term “solopreneur.” This subject has stimulated a tremendous amount of interesting conversations! The idea of solopreneurship has taken hold and created a lot of motivational interest for some and others are a little hesitant to take that leap.

One of the concepts I have challenged, based on the idea of entrepreneur or solopreneur, is that “preneur” could be considered a kind of phraseology that equates to risk-taker. Going back to the turn of the century, entrepreneurs have been people with big bold ideas.  These were the huge risk-takers willing to work 24 hours a day to get things done.  When you talk about entrepreneur or solopreneur I think there is an assumption that they are risk-takers putting everything they have on the line. This may be true in some instances, but it’s certainly not true in all cases in today’s modern world.  

The solopreneurs we are talking about are people who are their own businesses. In the past, running your own business required an awful lot of support. It required a tremendous amount of investment just to get that started and that’s no longer true today.  You can get virtual help, virtual bookkeeping, and virtual administrative support just about anywhere. Just having a smartphone can be enough of an investment in many cases to get your business up and running.

Another point I would like to make is that there is a huge trend of vanishing knowledge capital in today’s market place.  The first baby boomer officially turned sixty-five on January 1, 2011. For the next 18 years, they will be marching toward retirement and taking this tremendous amount of knowledge capital along with them.

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