Entrepreneurs vs Solopreneurs

[teosanru]

I think solopreneur is basically an entrepreneur but just at a very initial stage. A stage until the entrepreneurs is so small that it does not requires the help of other people to manage it's functions but eventually when the venture will reach to a certain stage there is no way it can be handled individually you'll have to keep partners which maybe in any form and eventually take funding nd liquidate your holdings as well. So solopreneur is just an entrepreneur at a very initial stage.

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[Fortify]

According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” While an entrepreneur is one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner. I would consider most social media influencers on Tik-Tok, Instagram, Twitter etc as solopreneurs. In addition, Solopreneurs often run service-based businesses, like freelancing, consulting or web development. From my observations, we have seen the rise of solopreneurs in especially among Gen Z's in recent times. In fact it has been more satisfying watching these youngsters attain financial freedom earlier and quicker than it used to be.

Currently so many countries all over the world are reporting high inflation rates and recession is starting to kick in. As a result, some businesses are closed-down while some other are hanging by the thread. However, we see some of these solopreneurs on the internet gain more followers, become brand ambassadors etc. My question is are solopreneurs especially social media influencers recession-proof?

*Edited

To me this just sounds like a silly and useless extension of the word entrepreneur by someone who is totally bored with nothing better to do. An entrepreneur has often started up their business alone and the word does not inherently symbolize that there must be more than one person involved. In fact there are likely many more single person "startup" businesses running out there which are run alone than those run with many people. It's already been known for decades that entrepreneurs often have to wear many hats, as in - they must be an accountant, a marketer, a producer, an advertiser, a designer and many more depending on the business, which is quite a talent in itself and why it can be such a stressful endeavor.

[Cryptomultiplier]

Solopreneurs are the sure winners when it comes to time management and making the big bucks, because unlike entrepreneurs, they manage risk better as it is already more or less a life style. For entreprenuers, the task of overseeing each day with book keeping and balances, brainstorming more of the time on how to get more clients, is exhuasting, and hired hands may thus be needed at some point.
I don't also think task laws really affect solopreneurs as much as it does entrepreneurs. The recession may hit hard on entrepreneurs as profit decline while price of materials or related services hike, this variation makes solopreneurs more favoured during such times.

[suzanne5223]

I would consider most social media influencers on Tik-Tok, Instagram, Twitter etc as solopreneurs. In addition, Solopreneurs often run service-based businesses, like freelancing, consulting or web development.

Yes, you have a point when you categorized the social media influencers as a solopreneur because vast of their followers who believe in their tweets and posts are into financial and investment problems due to their (influencer) authentication of paid advertisement without proof and sometimes without proper research. Kim Kardashian is an example.

From my observations, we have seen the rise of solopreneurs in especially among Gen Z's in recent times. In fact it has been more satisfying watching these youngsters attain financial freedom earlier and quicker than it used to be.

I don't know about the person on the subject, but the bottom line is that some solopreneurs do more harm than good in paid advertisements.

[Joshapat]

Recession will affect each one of us. There is no running away from that. But yes solopreunership will help us earn in difficult times. I think each one of us should invest us in some sort of solopreunership or what ee called side hussle.

Surely Solopreneurs are the beginning to become an entrepreneurs, when we can apply the difficult condition of Solopreneurs, and the most important thing when becoming Solopreneurs is patience and don't give up or stop, if there is a failure then do an evaluation.

[Darker45]

I don't give too much weight on their very slight differences. They're insignificant for me.

I'm probably more traditional when I hear the word entrepreneur. Off the top of my head, I associate entrepreneurship with business and, therefore, a certain amount of risk and starting capital.

With this, I don't consider somebody who dances on Tiktok, posts pictures on Instagram, makes tweets on Twitter, and so on an entrepreneur.

In terms of freelancing, if somebody is a freelance worker who gets paid for, say, writing articles, editing videos, and so forth, he/she is also not an entrepreneur. He/she is simply a worker, a freelancer at that. In which case, paid posters here aren't entrepreneurs.

[fullhdpixel]

According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” While an entrepreneur is one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner. I would consider most social media influencers on Tik-Tok, Instagram, Twitter etc as solopreneurs. In addition, Solopreneurs often run service-based businesses, like freelancing, consulting or web development. From my observations, we have seen the rise of solopreneurs in especially among Gen Z's in recent times. In fact it has been more satisfying watching these youngsters attain financial freedom earlier and quicker than it used to be.

Gen-Z are lucky to have a cheap resource such as smartphones which can help them become solopreneurs at an early age. It's nice to know that many of them spend their time in this activity rather than wasting their time on things which are not really beneficial to them like partying, watching a movie and playing video games.

You think all influencers are solopreneurs because you are seeing them solo in live but there are influencers who made a confession in which they hired editors and maybe some hired researchers and they are the only ones that will deliver it. I think those types of influencers are not called solopreneurs anymore.

[Ani1985]

Long -term hope is of course an entrepreneurs because this is a passive income, but to become a successful entrepreneurs, it takes a long struggle, I often hear the story of a successful entrepreneurs that they experience a lot of failure to go bankrupt, but they can rise again because they always think positively.

[Vinaa77]

My question is are solopreneurs especially social media influencers recession-proof?

Entrepreneurs are also the most appropriate solution in dealing with the economic crisis. Countries can survive inflation or will survive a recession well through community-run Entrepreneurs businesses. This will be able to increase people's purchasing power.

Entrepreneurs do not have to run a business on a national scale. Small entrepreneurs also fall into this category. Independence in business is a solution to overcome inflation.
Solopreneurs conducted through social media also have a positive impact on economic growth. However, price competition makes it difficult for them to do business on a national scale. Promoting business through social media, of course, consumers will see and choose at a more affordable price.

[uneng]

Taking temporary celebrities (memes/tik tokers) as example: on his peak, a solopreneur can be recession proof, because the flux of money coming in will be enough to overcome all the financial challenges imposed by the inflationary scenario.

But once the solopreneur becomes repetitive on his videos and his trend with the public is over, he won't have enough income to be recession proof anymore.

So his future will be determined by the choices he has made during his peak. If he was able to invest his income smartly and made good deals/businesses, he can remain recession proof even after his decline as solopreneur.

[Johnyz]

Long -term hope is of course an entrepreneurs because this is a passive income, but to become a successful entrepreneurs, it takes a long struggle, I often hear the story of a successful entrepreneurs that they experience a lot of failure to go bankrupt, but they can rise again because they always think positively.

Doing business is not easy at all and yes, there will always be a struggles but once you are able to maintain a good attitude towards your business then good result might come later on. It’s hard to say that influencers are recession proof, but if you already have a good number of followers then it can be a good passive income already and for sure you can earn more above the inflation rate, you just need to be more wise with your contents.

[goaldigger]

Long -term hope is of course an entrepreneurs because this is a passive income, but to become a successful entrepreneurs, it takes a long struggle, I often hear the story of a successful entrepreneurs that they experience a lot of failure to go bankrupt, but they can rise again because they always think positively.

Doing business is not easy at all and yes, there will always be a struggles but once you are able to maintain a good attitude towards your business then good result might come later on. It’s hard to say that influencers are recession proof, but if you already have a good number of followers then it can be a good passive income already and for sure you can earn more above the inflation rate, you just need to be more wise with your contents.

The trend right now for many influencers is to create something that are more funny than being informative, in my country you can see a lot of useless content and yet they get more views from it, they are being wise dealing with their followers.

When it comes to a recession proof, as long as the platform they are using didn’t change any terms and conditions when it comes to profit generating then they can be safe, as far as I know social media platform are still paying them with a good rate. These two are both considered as a business, those who will work wiser usually succeed more.

[agustina2]

i started a small set of airbnb - and it was going well - till the people in my building thought to do it. and it ruined my business
For the sake of their business my business got compromised - I was a solopreneur 

If AirBnb business is in demand in your place, regardless of the competition and even your entire neighborhood does the same, your unit will always be booked as many people are looking for it.

Why did your business got ruined right away? Maybe the overall experience of your customer in your unit is not that good and pleasant.

You have to think of something good new amenities in order to lure regular customers.

[Frankolala]

Solopreneur are not recession proof, as long as they live in the world they must face whatever challenge the world economy is facing. The artist will also face high cost of living even though he is managing recession. Solopreneur has more challenges than entrepreneur during recession.

When a Solopreneur is sick the business becomes sick too, he has to spend the little he saved to take care of the health challenge. If the sickness last up to two or three months the person becomes broke with no support from anyone. There is a say that 'two heads are better than one' in risk taking a Solopreneur might not be able to face the risk of his business alone because if he makes a wrong move,this can collapse the business but if he has other workers they can support themselves in decision making

[Gallar]

According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” While an entrepreneur is one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner. I would consider most social media influencers on Tik-Tok, Instagram, Twitter etc as solopreneurs. In addition, Solopreneurs often run service-based businesses, like freelancing, consulting or web development. From my observations, we have seen the rise of solopreneurs in especially among Gen Z's in recent times. In fact it has been more satisfying watching these youngsters attain financial freedom earlier and quicker than it used to be.

Currently so many countries all over the world are reporting high inflation rates and recession is starting to kick in. As a result, some businesses are closed-down while some other are hanging by the thread. However, we see some of these solopreneurs on the internet gain more followers, become brand ambassadors etc. My question is are solopreneurs especially social media influencers recession-proof?

*Edited

not recession-proof, but there are plenty of companies that are still active and still in high demand, so influencers still have plenty of advertising or promotional work to offer.

because of the recession, in my opinion, it's still normal as usual, not too much has changed, it's just that the fuel seems to have increased and the price of food / food.
so actually in some countries even still normal as usual, hopefully this world is always fine.

[stomachgrowls]

According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” While an entrepreneur is one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner. I would consider most social media influencers on Tik-Tok, Instagram, Twitter etc as solopreneurs. In addition, Solopreneurs often run service-based businesses, like freelancing, consulting or web development. From my observations, we have seen the rise of solopreneurs in especially among Gen Z's in recent times. In fact it has been more satisfying watching these youngsters attain financial freedom earlier and quicker than it used to be.

Currently so many countries all over the world are reporting high inflation rates and recession is starting to kick in. As a result, some businesses are closed-down while some other are hanging by the thread. However, we see some of these solopreneurs on the internet gain more followers, become brand ambassadors etc. My question is are solopreneurs especially social media influencers recession-proof?

*Edited

not recession-proof, but there are plenty of companies that are still active and still in high demand, so influencers still have plenty of advertising or promotional work to offer.

because of the recession, in my opinion, it's still normal as usual, not too much has changed, it's just that the fuel seems to have increased and the price of food / food.
so actually in some countries even still normal as usual, hopefully this world is always fine.

We would really be always minding about being fine because living on a world which prices do really stably increase year by years or simply talks about recession and inflation then this is something turned out to be

typical which as a citizen then there's no way on avoiding up these things and for those who do build up a business then this is which commonly you would be facing up.

I dont really believing about huge differences in between into those entrepreneurs who are working in groups or corporation compared into those
who  do ran it off on solo mode. Same perspective and goals are tending to try to achieve into.

[BigBos]

Currently so many countries all over the world are reporting high inflation rates and recession is starting to kick in. As a result, some businesses are closed-down while some other are hanging by the thread. However, we see some of these solopreneurs on the internet gain more followers, become brand ambassadors etc. My question is are solopreneurs especially social media influencers recession-proof?

but in my opinion, this depends on the brand that is their sponsor in the media and their work contract, of course they will be affected if the sponsoring company is hit by this recession, when their job provider or company survives the storm of the impending economic recession, it is very possible for solopreneurs to endure. On the other hand, if the employer company goes bankrupt, the influencer will also be laid off from his job. However, unlike content creator influencers who present their activities on social media such as YouTube, Instagram, Facebook, and TikTok, their income is calculated from the number of viewers, subscribers, and advertisements on the content. Of course, the more followers and viewers their income will increase, and ignore the recession.

[Pejoh Asu]

A good and noble goal when we become an entrepreneurs because there will be many people who are helped if we are entrepreneurs, of course it is not easy to succeed in becoming an entrepreneurs, it takes courage to lose or fail, but as long as we continue to improve skills and learn from mistakes, we will be successful become entrepreneurs.

[CageMabok]

A good and noble goal when we become an entrepreneurs because there will be many people who are helped if we are entrepreneurs, of course it is not easy to succeed in becoming an entrepreneurs, it takes courage to lose or fail, but as long as we continue to improve skills and learn from mistakes, we will be successful become entrepreneurs.

There are many entrepreneurs in this world and not all entrepreneurs want to help others if it is not related to the business they run, and there are also entrepreneurs who only run their own business without needing more people around them so that such an entrepreneur will not help others more through his work.

So don't imagine that entrepreneurs are people who have big companies and many factories, but take a look in general where in all countries there must be various kinds of entrepreneurs who are engaged in different businesses and not all of them need employees.

[Yatsan]

My question is are solopreneurs especially social media influencers recession-proof?

They are still prone with economic recession in terms of 'partnership' with their people on a particular industry, but less compared to actual entrepreneurs. Solopreneurs indeed are independent but not in all aspects; they still interact with other people on their industry to be more successful.More of being resourceful as well. During recession ofcourse big companies would be more affected because they are having huge amount of manpower unlike with entrepreneurs wherein they can immediately aid their progress.

A good and noble goal when we become an entrepreneurs because there will be many people who are helped if we are entrepreneurs, of course it is not easy to succeed in becoming an entrepreneurs, it takes courage to lose or fail, but as long as we continue to improve skills and learn from mistakes, we will be successful become entrepreneurs.

Quite out of topic, I guess? OP is trying to distinguish the relationship of entrepreneurs and solopreneurs at times of recession.

But to also pinpoint, not all entrepreneurs are aiming to help other people yhrough their service. Majority would just be aiming for personal interests and there's nothing wrong with that.