There’s perhaps no better time to become a solopreneur.
Think about it. From internet marketing to day trading and beyond, there are numerous industries out there which provide full-time potential for those working from home.
Given all of the free tools out there to start building your home-based business, it’s also more cost-effective than ever to make your solopreneur dreams a reality. Beyond investments such as a portfolio website and essential legal protection for your business, you can start a company without spending an arm and a leg.
However, making the transition is easier said than done. This is especially true for those who already have a few years under their belt at a company or two.
That being said, sometimes blazing your own path is the best way to go about doing business. Consider the following signs of workplace burnout and whether or not they apply to you.
There’s No Opportunity for Advancement
While work isn’t all about the money, growing stagnant in any given role may hurt your earning potential for the long-term. If you aren’t regularly learning new skills or your company seems hesitant for you to move up, it may be time for a change.
Companies freeze raises from time to time; however, if you haven’t seen a pay increase in years then there’s probably a bigger problem at hand. When you’re a solopreneur, you can the luxury of setting your own hours and determining your own earning potential.
Sometimes the worst parts of our jobs have nothing to do with us, but instead the manipulative behavior of our coworkers. While solopreneurs certainly have to deal with other people from time to time, rarely do stay-at-home-professionals feel like they’re at the mercy of someone else. If you feel like you’d be better off on your own terms, you’re probably right.
Maybe traffic’s getting worse in your area. Perhaps you just relocated to a new apartment and your commute hardly seems worthwhile anymore. These factors play a role into how much time you spend traveling to work and how much of your budget is eaten up by fuel. Obviously this problem goes away when you work from home.
Sometimes it’s crucial to listen to your gut. If your current gig is giving you bad vibes (think: a lot of complaints from co-workers or you notice a high turnover rate), you may feel as if you’re next on the chopping block. Such pressure can be damaging on your long-term health, so why subject yourself to it?
There’s nothing wrong with seeking a change of pace career-wise, granted you have options and stability to keep yourself afloat. If you’re still relatively young in your career, there’s no reason why you can’t at least start a side gig to get your feet wet with entrepreneurship.
Again, it’s crucial that you’re both informed and realistic when it comes time to start your own business. If you can no longer stand the traditional rat race or simply feel that you have a window of opportunity to work on your own terms, now may be the very best time to take that chance.