self-employed micropreneur
02 Apr
Entrepreneurship

Are you a Micropreneur or Self Employed?

Micropreneur and self-employed are terms used interchangeably; however, they are quite different. The significant difference lies in how long your business can function without you. As micropreneurs, we are the heart and soul of our business.

The number of staff a micropreneur has a range from one to five. Therefore, you are either doing everything yourself, or every action is carried out under your direct orders.

We love our chosen field, and the joy of building a business from the ground makes it all worth the stress. Microprepreurs are mostly known for three things; passion, ambition, and skill.

These qualities make us willing to go over and beyond for our business and customers, most times, that entails giving every product or client our personal care and touch.

However, when this happens, we are no longer micropreneurs but instead self-employed. Been the nexus of your business can give you a feeling of control. However, it can leave your business weak and liable to attacks from unforeseen circumstances.

Disadvantages as Micropreneurs

Asides from the stress and toll it might take on your physical and mental health, keeping your business entirely dependent on you would leave your business too rigid. This comes with a lot of disadvantages.

No breaks or holidays

Your business comes to a standstill if you are suddenly indisposed.

As your business begins to expand, you might find yourself slowly becoming overwhelmed. You might even end up losing customers.

Conclusion

At the onset of your business, you would have to be a self-employed micropreneur. However, as your business grows and expands, you must develop a system.

A system helps your business run smoothly with or without you, leaving you to concentrate on overseeing or, as I like to call it, seeing the bigger picture.

A well-developed system would give you the freedom to take a short vacation, focus on expansion, etc. without your business suffering in any form.

Entrepreneurship is hard but you don’t have to do it alone. Members learns about the Scale to Profit System, business development, business operations, sales techniques, building the perfect team.

If you love this article you’ll surely enjoy these:

What is Clarity And Why is it Important In Business

Why You Should Always Look For New Clients (Even When You Don’t Need Them Now)

12 May
Grow Your Business

Tech Tips That Make Business Easier

Some benefits of incorporating technology in your business include efficiency, security, and reliability. As a smart entrepreneur, you have probably employed some level of technology into your business. However, to get the best out of your team and your tech, you should explore all avenues for business growth.

Other than the basic digitization of company records, there are some simple technological applications that most entrepreneurs tend to overlook.

Cloud Computing

Cloud computing offers the ease of having your computer resources on demand, especially data storage and computing power, without direct active management by the user. It is growing in popularity, however, many are not taking full advantage of its benefits. The ability to access digital storage capacity is major. We’ve all had bad experiences trying to update business records only to realize our storage is full. Or even worse, when the hard drive crashes and takes years of information down with it. Storing business records in the cloud is safe and it makes information accessible to all members of your team regardless of their location.

Data Analytics

There is a broad range of software designed for the analysis of your company’s data. This software has a wide range of applications from identifying the popularity of your brand to analyzing the productivity of your team. Data analysis is an invaluable tool that analyzes your raw data to find trends and answer questions. It can guide you in making optimum decisions for your business. Some of these data analysis software are very easy to set up and use. A short course on the basics would put you in a position to see a data-based picture of your company.

Productivity Software

The way we communicate and share information is changing. And the way we work and offer our services is bound to follow suit. Productivity software is at the forefront of this change. It influences the way employees complete their job tasks and how employers track their productivity. The days of walking around the office and looking for things are gone. Today, the smart entrepreneur employs productivity software to share information, stop time wasters and understand the time investment needed for success. It is advisable, now more than ever, that employers get ahead of the curve and begin using productivity software now.

The basic application of cloud computing, data analytics and productivity software can be done by you. However, to get the best out of today’s technology, agencies and consulting firms dedicated to infusing technology into businesses, is the best way to go. Many offer done for you, done with you or do it yourself services that will allow you to set your business up for success.