From the course: Finance Foundations for Solopreneurs
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Running a business of one
From the course: Finance Foundations for Solopreneurs
Running a business of one
- Working in a giant corporation has its challenges, but working for yourself and by yourself is tricky too. The biggest challenge a solopreneur will face is the lone wolf syndrome. The lone wolf syndrome is the tendency to apply your solo status as a business entity to all other mindsets and practices in destructive ways. This can be deadly to revenue growth, profitability, and business continuity. Now the lone wolf syndrome manifests in three specific challenges. Let's talk about those and how you can overcome them. First is dealing with distractions. Mostly distractions from working at home. For example, dishes and laundry you see piling up, family members making noise and interrupting, and there's always that pet project you want to work on. Even if you're at a coworking facility, things can be distracting. After all, you are the only one on your schedule. So what do you do? Well at home, work in a location that is private and has a door. You shouldn't be able to see piles of…
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