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It’s a very cute idea. BUT… As someone who’s run a successsful business (~5m USD), being a solopreneur is not realistic nor healthy unless you’re literally ju
by jollofricepeas 4y ago
It’s a very cute idea.
BUT…
As someone who’s run a successsful business (~5m USD), being a solopreneur is not realistic nor healthy unless you’re literally just funding it and leaving the management to others.
A lifestyle business however is totally achievable but you have to build out several roles.
1. Sales and/or marketing - What will bring those first customers in and what will bring them back later?
2. Product engineering - Whatever it means to you either actual software engineering or designing physical stuff that’s manufactured elsewhere.
3. Operations - Someone has to deal with the accountant, legal, bookkeeping, customer service and so on.
4. Management - If you hire contractors or actual employees you’re going to have to make sure they are working on the right stuff or budget is going to up in smoke.
Maybe I’m not smart enough but I haven’t found that I can do all of these things well.
Which is why my businesses tend to involve hiring at least 1-2 people smarter than myself in one of the areas above.
- jasfi 4y agoIt's getting there. New services constantly improve the situation by giving solopreneurs powerful tools. The SaaS I'm working on (InventAI) will be one of them, and I suspect that generative AI will turn the tide and make solopreneurs far more common.