ENTREPRENEURSHIP

Detailed explanation-1: -According to Merriam-Webster, a solopreneur is “one who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner.” Or, to put it more simply, they’re “a solo entrepreneur.” A solopreneur works independently and doesn’t hire employees or other team members.

Detailed explanation-2: -It’s important to note, while all solopreneurs are entrepreneurs, all entrepreneurs are not solopreneurs. By definition, an entrepreneur is an individual who starts and runs their own business. However, they do not necessarily manage all aspects of their business independently as a solopreneur does.

Detailed explanation-3: -Single Entrepreneur: If an enterprise is established, controlled and operated by an entrepreneur alone, the entrepreneur is called as single entrepreneur.