The Lone Wolf Diversified Entrepreneur Defined

Wolves in the wild sometimes choose a solitary path, diverging from the pack. Just as in nature, some entrepreneurs gravitate towards what’s known as a lone wolf entrepreneur.

These entrepreneurs tend to be seen sitting quietly on their own, looking comfortable and confident by themselves.?

The lone wolf entrepreneur or solo diversified entrepreneurs if you prefer values thinking deeply over always being around others. It’s not exactly shunning investing in business with multiple partners but accepting a unique way to build on a group of business where solo entrepreneurship is a choice, not a consequence.

If you find this interesting, then do read on. This article looks into what it’s like to be a lone wolf, showing both the good parts and the not-so-good parts of choosing this way of entrepreneurship.

What is a Lone Wolf Entrepreneur?

There is a stereotype out there that many successful entrepreneurs like to work alone and hence the term coined: “lone wolf” entrepreneur.

I`ve noticed a trend of the “solopreneur”, (solo-entrepreneur), has gained momentum in the last few years post pandemic.?Me being part of the pack as entrepreneurs who work on our own with a very small niche team.  On the flip side, It's important to understand that as the group of businesses begins to scale the lone wolf will need to morph into the leader of the pack to kill it.        

"To Kill it" to do something extremely well:

Chris kills it on drums.

The Mindset Of A Lone Wolf Entrepreneur

The rise of the diversified solopreneur is driven by the growth of the gig economy. Factors like low technology costs and virtual services availability have also contributed to this trend.

This shift marks a significant change in how businesses interact, emphasizing the importance of adaptability and flexibility in today's dynamic marketplace

Being a lone-wolf slash `solopreneur is not as scary or lonely as it used to be, due to the facilitation of new networking activities that cater to this phenomenon.

The mindset of a lone wolf diversified entrepreneur is rooted in a strong sense of independence and self-sufficiency. They’re not swayed by the opinions of others and often feel that following someone else’s path is restrictive. Lone wolves entrepreneur think and act independently, making choices based on their values and beliefs.

They value deep thought and introspection and often tap into their inner wisdom to guide their decisions. This mindset can lead to innovative thinking, as they’re not bound by conventional norms.

Is The Lone Wolf Entrepreneur Mentality Good?

The lone wolf mentality has its pros and cons. On the positive side, it encourages self-reliance, independence, and authenticity. Lone wolves aren’t easily swayed by peer pressure and are often more in tune with their true selves. They can freely pursue their interests and goals without feeling the need to conform to societal expectations.

However, this mentality can also lead to isolation and a lack of diverse perspectives. It’s important to distinguish between healthy self-sufficiency and complete solo entrepreneurial work. Like everyone else, lone wolves can benefit from interactions and relationships, as long as these don’t compromise their core values and need for personal space.

Conclusion

Today`s lone wolf diversified entrepreneur such as myself are able to build multi-million businesses by carving our own niches, through improved productivity and effectiveness, resulting in improved active lifestyles.?

We no longer want to work 60-70 hours per week that many traditional business operators face, and don’t want the additional baggage of to many employees, whom they are often heavily reliant on for growth.

No doubt if done properly, the diversified solopreneurship can lead to a bespoke success formula.

Credit and inspired by https://misterindependent.com/lone-wolf-lifestyle/