5 tips to run a company of 1 successfully

5 tips to run a company of 1 successfully

Wednesday July 05, 2017,

3 min Read

More and more people are taking to freelancing in today's day and age. Several people are starting a business of their own even if it means that they are the only person running the business with no employees under them as of yet. While running a company of one has its benefits, it has its downsides too. Lack of stimulation and accountability are just the tip of the iceberg. Isolation makes solopreneurship a tougher journey than it already is. If you want to stay focused and up your game as a solopreneur, you should incorporate the following five hacks in your daily routine.

Image : shutterstock

Image : shutterstock

Make yourself accountable

Start by setting daily goals and reward yourself on the accomplishment of those goals. If you're working by yourself, you need to come up with a way to track your progress and measure success. When you make yourself accountable for your actions, you streamline your efforts and keep yourself motivated. If you find it difficult to keep track of your actions, you can rely on apps that are created for the sole purpose of letting you know if you're achieving goals according to your schedule.

Inspire yourself daily

Start your day by reading some creative fiction that is bound to get your creative juices flowing. When you indulge in artistic rituals before you plunge headlong into your day's tasks, you inspire yourself to think big. The idea is to begin the day in the realm of possibility and not panic. You should also take timely holidays to keep yourself stimulated and to avoid a burnout.

Stay connected

If you're tired of working from home day in and day out, join a co-working space or an entrepreneur's group at least once a fortnight. Several spaces permit day-to-day attendance and host a roster of events which present a great opportunity to meet other solopreneurs who are in the same boat as you. You can even join online communities where freelancers share ideas and resources with one another to stay connected with the outside world.

Push your boundaries

When you're in charge of your day-to-day activities, it's easy to push learning and development to the backburner. However, if you want to survive in your industry for long, you should work on expanding your mind and learning new tricks of the trade. When you stay sharp and gain as much knowledge as you can, you can charge a premium, differentiate your business, and bulletproof your offer.

Learn to outsource

If you're a solopreneur with too much work on your hands, you should try outsourcing tasks like book-keeping and PR which you have no knowledge about. Doing this will help you focus on tasks that deserve your attention, and you won't lose your mind trying to multi-task. Juggling 10 things at one time can drive you crazy but you have to find a way to stay sane through it all.

Contrary to what you might believe, leading a happy, healthy and productive life is no cakewalk for a freelancer or a solopreneur. However, if you keep the above tips in mind, you'll be able to run a company of one more effectively than you thought possible.