Are you ready to start your own business?

January 7, 2023
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Start-up

Here are some interesting facts

Currently, technological facilities allow great possibilities to start a business as an entrepreneur, even a solo one. The competitive advantages of No Code tools and Artificial Intelligence give a lot of room to dare to venture into new companies, even without staff.

If the idea of starting a business is something that catches your attention, we share this interesting fact: 90% of the new millionaires in the US have started a business on their own. Something to think about it.

First, we are going to break down the concepts: What is a solopreneur?

A solopreneur is a person who decides to venture out individually and run his own company, without the support of partners, co-founders, or employees.

In this way, a solopreneur must take care of:

Develop the offer
Study the market environment
Launch the offer to the market
Sale the product
Manage the client portfolio
Manage each of the stages of the business, including supplies, finances, customer service, and after-sales

Today, there are multiple tools that allow these risky entrepreneurs to achieve their goals, just to name a few, we can highlight by category:

Finance and Accounting

Holded: Control all the administrative needs of your business in a single application.
Wallet: Application with which you can keep your business expenses in an easy and intuitive way, in addition to generating reports and graphs to know at all times what your performance is.
FreshBooks: Most widely used accounting and billing software for mobile devices.
Square: Easily add card payment gateways to your website.
Paypal: Control your online payments in an easy and secure way.
Anfix: Reduce up to 80% of the time spent on billing and accounting.

Task organization

Notion: The application allows you from organizing all your tasks to have databases without knowing anything about programming.
toggl.com: Allows you to track your work time during the workday.
SimpleMind: Tool to make mind maps of the market.
Todoist: The world’s most used to-do list app.
Timely: Automatically records the time you spend on your tasks.

Marketing and sales

Hubspot allows you to launch Inbound Marketing campaigns, organize clients, and the most interesting thing: automate the attraction of new clients through digital traffic.
Salesforce is considered the best CRM application in the world, with more than 25,000 employees behind it.
Ahrefs SEO tool that will help you increase traffic to your website.
Google Analytics Allows you to study the traffic of your sites and optimize the content.
Mailchimp Email marketing and automation tool.

Other useful tools:

Fiverr: Find the best freelance services or make yourself known.
1passwor: Easy and secure tool to store all your passwords.
Scanbot High-quality image capture and document scanning tool.
FocusMe avoids distractions and gets the most out of your time.
Calendly schedules meetings automatically and for free.
Tymeform allows the user to do a little market research and gets feedback fast.
Zapier allows you to automate your tasks.
Unbounce AI-powered website builder with features to create powerful marketing campaigns.

Does a solopreneur really work alone? Thanks to technology, although you work alone, many companies accompany you through their tools on this path. In the following video you will find an excellent reflection on it:

Another important point is that the profile of these solo entrepreneurs have certain common characteristics, among which we can highlight:

Curious people, who want to have ownership of their company.
Goal achievers. Go for their objectives, beyond money, to get their ideas off the ground.
Risks Takers. They are not very conservative in this regard.
Highly versatile individuals who handle a variety of tasks throughout the day.
Ingenious. They learn in a self-taught way and are able to assume different positions.
Strategist: They are the strategists who always think a few steps ahead, carefully planning the future of their company and their ever-growing role in the company.

If you decide to venture into founding your own company, these tips can be very useful:

Understand the business you want to build holistically, taking into account the market you want to enter and your financial possibilities.
Build your tribe. Working alone is not easy. Many moments of doubt and loneliness will come, so it is important to have a support network that allows you to learn and dispel doubts.
Strengthen your tech-savvy as it will be your new best friend and partner on this journey. Technology is the tool that allows you to obtain the necessary information to move your business forward. In addition, it allows you to automate many areas of your business, making your life easier.

Many people have taken this path, achieving very good benefits. In the My First Million podcasts, you can learn about solopreneurs success stories, like the one you will see below.