Solo Entrepreneurship | Complete Guide for Solopreneurs

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What steps and processes should you follow to embark on a solo journey?

Are you considering entrepreneurship alone? In recent years, there has been significant growth in solopreneurship due to its geographical and temporal flexibility. However, this freedom doesn't always equate to ease when deciding to go solo. That's why this article provides you with all the keys to becoming a seasoned solopreneur: from the main challenges to choosing the best status for solo entrepreneurs, including all the steps to start your business alone.

The main challenges of the solopreneur

The solopreneur operates their business alone, without partners or employees. Consequently, they carry out all tasks related to their business, whether it's marketing, accounting, billing, in addition to their main activity. Thus, embarking alone requires managing everything by yourself. In return, you maintain the freedom to set your own rates, define your own business strategy, and choose clients that align with your personal values. You also have the liberty to work wherever you want and have complete control over your time.

💡Good to know: It's important to distinguish a solopreneur from a freelancer. The latter exchanges their time for money while the solopreneur focuses on selling products related to their activity, thus mobilizing diverse income sources.

The steps to embark on a solo journey

The solopreneur must go through 7 main steps before launching their business:

  1. Test your ability to work alone: testing yourself before launching your business validates your capability to progress on your own and motivates you.
  2. Define your project: take the time to identify your target clientele and the positioning of your competitors through market research to study your project's profitability potential.
  3. Write a business plan: the business plan presents your vision, defines your objectives, and the means implemented for the success of your projects.
  4. Research funding: evaluate your personal contribution and your need to seek public aids or bank loans to finance your initial investment.
  5. Choose your legal status: you must select the legal form suitable for your project to initiate the creation of your business.
  6. Submit your registration file: once your legal status is defined, submit your registration file via the single formalities window for businesses.
  7. Receive your SIRET number: once your registration file is validated, receive your SIRET number to start billing and legally carry out your activity.

Financial aids to launch your business alone

When you launch an entrepreneurial project solo, you can use different public aids to limit your initial investment. Among them, you primarily find:

  • The ACRE: you benefit from a partial exemption from social contributions for one year.
  • The ARCE: you receive part of your unemployment benefits as capital (60% of the remaining ARE).
  • The CAPE (contract for support of business project): the CAPE consists of a subsidy between €5,000 and €20,000 for innovative projects or job creators.
  • The Honor Loan: this is a personal loan granted to the business creator as a natural person. It ranges from €3,000 to €50,000 if granted by Initiative France or between €15,000 and €50,000 if granted by Réseau Entreprendre.
  • Crowdfunding: this allows a project holder to raise funds through a dedicated online platform from contributors to finance their project.

Bonus: our tips for success as a solopreneur

Choosing the right tools to work solo

As stated at the beginning of the article, as a solopreneur, you are alone at the helm of your business. Therefore, consider improving your productivity through the use of smart tools:

  • Billing tools (Tiime, Henrri…);
  • Project management tools (Notion, Trello, Asana…);
  • Marketing automation tools (Sendinblue…);
  • Management tools for your social networks (Hootsuite…)

Develop your network

Being a solopreneur does not mean you have to isolate yourself from the rest of the world. Thus, consider sharing your experience with other entrepreneurs and take the opportunity to ask for advice. Frequent coworking spaces, join entrepreneur networks, or participate in events around entrepreneurship. You will develop new skills to better master the intricacies of entrepreneurship.

Example of the entrepreneur network “Centre des Jeunes Dirigeants (CJD)”:
Founded in 1938, the CJD brings together, each year, more and more leaders seeking development through exchange, training, and collective action. The network integrates a training organism, “ETAPE”, which teaches the necessary know-how for leaders to build a responsible and sustainable business.

Getting support to start alone

When you start alone without experience, mastering all the subtleties of your activity can be challenging. Investing in coaching can be helpful to improve your skills on a specific point or learn to manage your entire business. It will provide you more clarity to learn to manage your priorities and organize yourself as a business owner. The CCI, for example, offers tailored support to help you mobilize the necessary skills for business creation through its network of 450 advisors.

💡Good to know: if you launch in wage portage with Weepo, you benefit from a responsive and attentive team ready to assist you at every step of your project.

Work on your entrepreneurial mindset

In addition to your main activity, being a solopreneur involves managing your marketing and client relations. This involves persuasive sales pitches as well as the ability to reassure your clients and be proactive. To excel, you must therefore overcome your limiting beliefs through in-depth self-work.

The essence of the article summarized in 5 points

You now have all the keys to entrepreneur alone. Here they are as a reminder:

  1. The main challenge of the solopreneur is to manage all facets of their business themselves: marketing, accounting, client relations... in addition to their main profession.
  2. To create your business alone, you need to test your ability to work solo, conduct a market study, write your business plan, choose your legal status, and declare your activity.
  3. Among the legal statuses, you can choose wage portage, micro-enterprise, or sole proprietorship for a simplified start or opt for EURL or SASU based on your growth and investment goals.
  4. You can seek various public aids to launch your activity alone, such as the ACRE, ARCE, or the Honor Loan, or crowdfunding.
  5. To succeed as a solopreneur, think about automation tools, developing your network, and getting support to master all entrepreneurial aspects.

Additionally, consult our complete guide: how to become a freelancer.

Photo de profil de Lina MOREL

Responsable Marketing & Communication chez Weepo, je suis passionnée par l'animation du réseau et l'accompagnement de nos consultants. J'organise des événements parisiens et accompagne nos équipes régionales pour créer des moments d'échange enrichissants dans l'écosystème du portage salarial.