Have you got a business model that works for you?
The best thing about being a solopreneur is that you get to choose what you do, or that is what it should be.
But sometimes the business model isn’t the right one. It might be you love what you do but it doesn’t make sense financially or it might be you can make a great living but you’re not enjoying it.
Here are a series of questions to think about and some potential solutions:
Do you wake each morning eager to get to work?
If your answer is sometimes or rarely, then you need to think about what you don’t like about your business and how you might address it. This could be that you are doing tasks which aren’t your passion or it might be the business isn’t going so well so that is sapping the fun and joy out of it.
Do you make enough money?
If not, then you need to think about pricing and more generally about the business model. Can you work in a different way or target a more niche market or charge more? The fundamental question is if you were working at full capacity would you make enough money?
Has your business overwhelmed you, so you do nothing else?
If the answer is yes, then even if short term you are happy it is not a long term recipe for a good life or a successful business. Is this because you don’t make enough money unless you work long hours, you’re doing everything yourself.
