Exploring Solopreneurs' Journey in the Digital Era

Exploring Solopreneurs' Journey in the Digital Era

DOI: 10.4018/979-8-3693-1842-3.ch005
OnDemand:
(Individual Chapters)
Available
$33.75
List Price: $37.50
10% Discount:-$3.75
TOTAL SAVINGS: $3.75

Abstract

This study explores solopreneurship, an autonomous entrepreneurial model centered on managing digital enterprises aligned with personal interests. It analyzes the transformative impact of social media, investigating strategies like task outsourcing and collaborative ventures using Software as a Service (SaaS). Emphasizing platforms such as YouTube, X, and LinkedIn, the study highlights personal branding's substantial role in audience growth. Amid broader societal shifts, globalization, and economic growth, it delves into solopreneurs' motivations and challenges, stressing social media's indispensable role in reshaping global business practices. The research also probes well-being aspects, identity management, and protective strategies in the digital era. Identifying supportive ecosystems as pivotal, it emphasizes the critical examination of megatrends for a comprehensive understanding of solopreneur dynamics in digital entrepreneurship.
Chapter Preview
Top

1. Introduction

In the dynamic realm of entrepreneurship, the term “entrepreneur” is formally defined as an individual organizing, managing, and assuming business risks (Merriam-Webster, 2018). However, this definition requires nuanced consideration for a comprehensive understanding of entrepreneurship, as noted by Tobak (2015). Tobak posits that genuine entrepreneurship entails a strategic equation integrating entrepreneurship, capital, products, customers, and business establishment.

The contemporary entrepreneurial landscape experiences a paradigm shift with the emergence of solopreneurship, where individuals independently conceive, create, and manage businesses, aiming to build scalable digital enterprises. Solopreneurs contribute significantly to economic growth, diversification, and content creation, emphasizing adept use of digital marketing and personal branding on platforms such as LinkedIn, X, YouTube, and Instagram.

Table 1.
Analysis of Branding of Social Media Platforms
Social NetworkVisual IdentityBrand PersonaPositioning
FacebookLowercase blue “f” in a square, blue color schemeConnectivity, community, content sharingUser-friendly platform fostering interpersonal relationships and content dissemination
XBold 'X' design with intersecting lines.Conveys innovation, convergence of ideas, and global interconnectedness.The 'X' symbolizes twitter's transformative journey, signaling a commitment to adapt and evolve. Potential interpretations align with X's role as a platform for diverse ideas and connectivity.
LinkedInCustom-font “LinkedIn” with blue “in” icon, blueProfessional networking, career development, business-oriented communityEssential tool for individuals and businesses aiming to establish and expand professional networks
InstagramStylized camera icon on a gradient backgroundCreativity, visual expression, storytelling through imagesPlatform for sharing visually compelling content, fostering a community driven by artistic expression
YouTubeRed play button icon next to the name, red and whiteVideo content, creativity, entertainmentLeading platform for diverse video content, offering an immersive and engaging visual experience for online video consumption

Complete Chapter List

Search this Book:
Reset