Keeping Your Sanity as a Solopreneur, Part One: Mindset
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2018 will mark 2 years for me in full-time self-employment. For my one year anniversary in May 2017, I shared 10 lessons learned in my first year self-employment.
Those 10 lessons haven’t changed much since I shared them, but for the next three months in the Ask Nicole series, I’m going to speak about three important aspects of self-employment, from the perspective of a solopreneur.
A solopreneur is a business owner who works and runs her or his own business alone. Different from an entrepreneur (who goes through more traditional means of building an running a business), a solopreneur can choose whether to contract out or outsource certain types of work they may not have the skillset for or the time/patience to do).
Over the past few months, I’ve seen several friends and colleagues make the leap into working for themselves. It’s exciting to see! I’ve offered to share with them aspects of my journey, lessons learned, and tools that are currently working for me.
Five themes have come up when I’ve spoken with my friends–mindset, tools and processes, ways to bring in income, support, and work/life balance–and I’m going to touch on each one this month. Today, let’s talk about what I think is the most important aspect of maintaining your sanity as a solopreneur: Mindset.
Transitioning from Employee to Self Employed
With the exception of one family member, no one in my immediate life at the time had worked for themselves. Plus, I come from a family of employees that stay with their employer until retirement. When you don’t see examples of what you want to do, it’s easy to think that what you want isn’t feasible.
When I started thinking more about building my consulting business, it was with the intention of wanting to make extra income on the side. When I got to the point where I enjoyed working with my consulting clients and getting paid for speaking engagements (essentially #ReclaimingMyTime) more so than doing work that someone else handed to me, I started fantasizing about how working for myself could look like. I also sought out people who were working for themselves. When you see people doing what you want to do, it’s easier to imagine it for yourself.
And as it turns out, handing in your resignation letter is the easy part. Transitioning from employee to self employed is as much a mental game as it is a physical one.
Solopreneur myths, busted (and what to put in their place)
There are lots of myths out there about solopreneurs. Here are some common ones: