Solopreneurship. Is it for Boomers?

I ask this question after hearing the esteemed Prof G., Scott Galloway share his thoughts on how entrepreneurship is a young person’s game. Let’s discuss solopreneurship. Is it for boomers?

First, there may be a distinction to be made around solopreneurship and entrepreneurship. For the most part, I would argue that solopreneurship is about building a cottage industry of sorts. It is the desire to work independently from a team and the necessity to scale something.

Whereas entrepreneurship implies the desire to build something that will be bigger than oneself and a willingness to strap on all the necessary baggage to make it happen. Funding, team, development, attorney’s, travel, etc.

For the most part, I concur with Prof G. Entrepreneurship is a 24/7 endeavor with sacrifices that generally keep one from living a normal life with kids, ballgames, weekends, and happy hours.

The hard part of either of these endeavors is sales. Rejections are part of the work and you can’t do either without selling something. With a company that is designed from the getgo to be big, you have to plan on making growth your boss.

With a company, you have responsibilities beyond yourself. Responsibilities like investors, team members, complex tax issues, and growth. If you’ve been asking yourself about these issues, you may have already answered the question, solopreneurship, is it for boomers?
Solopreneurship is a better fit for boomers.