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One-Person Enterprises and Business Growth

Author

Listed:
  • Pekka Belt

    (University of Oulu, Oulu, Finland)

  • Kaarlo Paloniemi

    (Oulu Business School, University of Oulu, Oulu, Finland)

  • Janne Sinisammal

    (Department of Industrial Engineering and Management, University of Oulu, Oulu, Finland)

Abstract

Solopreneurs, i.e. entrepreneurs who run their businesses alone, are surprisingly common constituting some 15% of the work force in Europe and the United States. This study aims to clarify solopreneurs’ relationship to growth by analyzing the daily work of established solopreneurs from two different perspectives; how they perceive their well-being at work and how they perceive the development of their businesses. This research objective is addressed by using grounded theory methodology and thematic interviews. According to the findings of this study, solopreneurs follow a specific pattern in their activities that differentiates them from other entrepreneurs. The entrepreneur’s position as a solopreneur encourages him or her to continue alone. The feedback that solopreneurs receive from the environment directs them to focus on their personal professional skills rather than on business and growth. In addition, solopreneurs do not use networks to develop their businesses even though entrepreneurship literature highlights the importance of networks for business development. However, solopreneurs acknowledge the importance of networks for their personal well-being.

Suggested Citation

  • Pekka Belt & Kaarlo Paloniemi & Janne Sinisammal, 2015. "One-Person Enterprises and Business Growth," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(03), pages 381-404, September.
    • Handle: RePEc:wsi:jecxxx:v:23:y:2015:i:03:n:s0218495815500132
    DOI: 10.1142/S0218495815500132
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    Cited by:

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