Entrepreneurial success in the face of uncertainty

published on 06 April 2023

The rise of solopreneurs.

The Covid-19 pandemic has changed the way many of us do business, and some of the most significant changes can be seen in the rise of solopreneurs. In the United States, the number of solopreneurs has grown drastically since the pandemic began and many of these individuals have found success despite the difficult circumstances.

Solopreneurs are individuals who are self-employed, running their own business and often times working from home to maximize efficiency and minimize costs. These independent entrepreneurs often specialize in a particular field and provide services to clients, while also managing all aspects of the business themselves. In the United States, solopreneurs have become increasingly popular in recent years, and the pandemic has only accelerated the trend.

The pandemic has caused job losses for millions of workers and has led to an economic downturn in many sectors. This has made it difficult for traditional employers to stay afloat, leading to a surge in unemployment. In this difficult environment, many people have found solopreneurship to be a viable option for making a living.

The advantages of solopreneurship are numerous. As a solopreneur, you are in control of your own destiny. You can work flexible hours and set your own rates, allowing you to make the most of your time and resources. Additionally, solopreneurs are often able to take advantage of tax deductions, meaning that they can keep more of their earnings.

The rise in solopreneurs has not been confined to the United States. Globally, the trend has been seen in countries around the world, and many of these individuals have been able to find success despite the challenging circumstances. Many have decided to work as digital nomads in other countries, enjoying a slower pace of life but also a more affordable one.

The Covid-19 pandemic has presented numerous challenges to businesses and individuals, but the rise of solopreneurs has been a bright spot. These independent entrepreneurs have found success by taking advantage of the opportunities available and have become a valuable part of the global economy. The trend of solopreneurship will only continue to grow with almost 50% of the US workforce participating in it by 2027. Dextego supports this group as it has been invisible when it comes to Talent Development companies, that focus on big corporations. Being your own boss comes with a lot of moving parts, stress and loneliness. Dextego's  trusted business & life AI coach will be there for you when you need it 24/7.

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