Solo Business Or a Company? The Decision Of Your Life

Aug '23 in Mindset

I'm sorry for the lack of updates and approvals, but I've been in bed with a 40-degree fever and now a cough. While I was in bed, my business couldn't continue for obvious reasons, so I delayed without wanting to give a lot of access to my new "Self Publishing Empire."

I know many of you are just getting started, but I want to make things easy for you when you start earning, and I will tell you some truth in this article.

When we start out with an idea, we generally create a sole proprietorship, like I did 15 years ago. You are the only worker in your business. You are ill or out of service, and the job doesn't go forward. We don't have paid holidays, and we don't have sick leave. And we also pay a lot of taxes. We don't get a clear check.

You have stress, but it's limited to what you really want. If you are tired, you stop; if you are stressed, you read emails a little bit later.

And you can't go about $50,000 per month alone. You can work like crazy, but that is the end.

So? You can open a company and start getting a social media manager and an email answerer, for example. You can scale things up, but at what price? A company brings you way more stress than a sole proprietorship: people who get sick in the most tragic moment of the year, incomprehensions with your staff, work done in the wrong way just to give you a figurative image.

I chose to go down the sole proprietorship path for this reason. I was very ill; I've been operated on times to the head; sometimes I have health problems, but I prefer to manage things professionally and go with my path. I know I will never make $1 million every three months, but if you calculate the taxes, the payments to coworkers, and other problems, you go down a lot. And you have to manage most of it. You become free of your work, but you get another one you should like.

Big managers get paid a few for their work, and they bring it home as well. Famous brand names CEOs have this big problem.

I hope to have cleared your doubts on which path to take in business. Start alone, and evaluate your position later. You can also use freelancers without having to hire them. Make it easy and stress-free, and great results will arrive.

65 comments