The last decade has seen an explosion of ‘solopreneurs’ in the United States. Business News Daily reports that there were 17.9 million full-time and 12.1 million part-time independent workers in the US as of October of 2014. These numbers demonstrate a 12.5% growth in independent workers over a 3 year period. In contrast, the US labor force grew by only 1.1% during that same time.
A recent study revealed several reasons why people are turning to independent work. Some of the most frequently mentioned reasons:
- Controlling their own work schedules
- Eliminating office commutes
- Earning more income
- Creative control over their work
- Designing their desired lifestyle
- Building a ‘fallback’ plan in case of an economic downturn
Regardless of the specific reason, most solopreneurs are looking for three things: control, autonomy, and flexibility. For the solopreneur, this is worth the hard work and stress that come from being an independent worker.