Entrepreneur loneliness is a real challenge for solopreneurs who make decisions, celebrate wins, and face setbacks on their own. This episode explores why isolation happens and simple ways to overcome loneliness and surround yourself with the right support.
You’ll hear how to find encouragement when you want to quit, accountability to keep you consistent & outside perspective to spot blind spots.
✅Why entrepreneur loneliness derails many entrepreneurs and how to stop it
✅How encouragement helps you keep going after failed launches and tech breakdowns
✅Practical accountability habits that lead to consistency and results
✅Quick ways to gain clarity using outside perspectives and small advisory groups
✅Different kinds of accountability groups (free and paid)
Grab the free training mentioned in the episode — 5 Ways to Make More Money Online
Show Notes:
The Reality of Entrepreneur Loneliness
Hey everyone, Kerry Beck here with Family eBiz, where we help families start and scale online businesses, so you can gain freedom in your life to do what you are called to do. Today, we are going to be talking about solopreneur.
Most of you are a solopreneur. Maybe you have a virtual assistant, or maybe someone trades some work with you, but most of you do all your work on your own. I get it, me too.
I do have a virtual assistant, but for the most part, I am here working it out all by myself. You know what happens sometimes? It can sort of be lonely, don't you think?
And I want to talk to you about the loneliness. You make your decisions alone, you feel alone. You celebrate your wins alone, you face your failures alone.
No wonder so many entrepreneurs give up. And that's not the way it should be. That shouldn't be the way it is in life, and it shouldn't be the way it is in business as well.
So I want to talk to you today a little bit about a solution that might be able to help you. Thomas Edison had a lab at Menlo Park. You see, he was not a lone genius.
He actually built a team of about 15 to 20 people. Engineers, thinkers, machinists, all of them that could work together to brainstorm, to test, and refine ideas. You see, most of us don't realize that team is what helped develop the light bulb.
It was not developed by itself, or by only Thomas Edison. It was born in what we would call a team. Do you have a team that you can work with?
Because really, breakthroughs rarely happen alone. They usually happen with a team. And that could be something like a mastermind, it could be something maybe with a coach.
There's all sorts of ways, but today I want to talk to you about a man named Napoleon Hill, and what he coined the word mastermind, meaning we mastermind, we're thinking all together as a group. Why? Because he studied people like Andrew Carnegie, Thomas Edison, Henry Ford.
All of those people did not work on their own. Now, yeah, there are names on everything, and so it sounds like they did it all by themselves, but they did not work alone. They all had peer networks.
And that's a type of mastermind. So what I want to do is talk about how a mastermind can help you, and then some different types of masterminds that you might be able to get.
First of all, when you are in a group, and this isn't necessarily a group of 20, although when we started, when we joined our first mastermind, I think I've told you it cost us $10,000. There are about 20 of us, and each person could bring a partner or someone to come with it, so there are about 40 people in the room, and that was our mastermind.
We were in two different ones for the first 5 years after when we came home from seminary, and we were really building our online business at the time. That's one kind of mastermind. That's not necessarily what I would suggest.
You better be making some money, because you don't want to be losing money on your mastermind. There are free ones where people just get together. I call those more of accountability groups, and I've been in those as well, and usually when I join them, it is for a limited amount of time, and we are all looking at the same goal.
We have paid masterminds that I am still in today. I pay $1,000 a year to Amy Porterfield to be in her coaching group to mastermind. We have meetings where we can get together, and they'll put us in small groups, and we can work through some different issues.
So those are a bunch of different types. How does that help you? You're probably going, I gotta get over there and make some money.
Well, first of all, encouragement when you want to quit. We all experience burnout. It can be so isolating.
You have no boss, no team, no cheerleader. Some of you do, maybe in your family. Hard days are going to come.
A failed launch. Low sales. Tech breakdown. I have experienced every single one of them.
I've had launches with goose eggs, meaning I made zero sales. That's hard. You need someone to be able to bounce that off of, and sort of see how to move forward.
A mastermind group, those members will remind you that you're not alone. I'm thinking of some of my mastermind groups that I've run, and some of them have become quite good friends and support each other in the hard times and the good times. Again, Thomas Edison's Invention Factory.
He surrounded himself with encouragers, collaborators, when most people would have quit at 1,000 tries. You know, he went to 10,000 tries. Takes a lot of perseverance, and I think because he had a group, a mastermind group, that helped him to keep going.
So, encouragement. Number two, accountability, so you follow through. It is so easy to procrastinate or start chasing the shiny object.
When no one's watching, no one can see exactly what you're spending your time about. Mastermind partners provide a little gentle pressure. Hey, you said you're gonna launch on Friday, how's it going?
Can I help you? That would be even better. Accountability leads to consistency.
Consistency leads to results. So, Ben Franklin, back in 1727, was part of the Junto Club. What was that?
These are a group of men that would meet, and they would hold each other accountable, both personally and in their business growth. That was, what, 300 years ago? Maybe more?
So, encouragement when you want to quit, accountability so you follow through, and then three, clarity, because you can't always see your blind spots. I can't. Working alone, you get so stuck in your head, you're just, like, right there, so there, and sometimes just another person coming and looking above it can help you see some of the solutions that you are completely blind to.
I know sometimes we'll be talking in our mastermind groups, and I'm thinking and I say something, I'm like, cool. Why didn't I think of that? It's like things you know, but you just don't always see, because you're in the details sometimes.
Masterminds give you multiple perspectives, often spotting what you can't see. I like to say it's like a board of directors, a board of advisors. Just 5 minutes of an outside perspective can push you through.
You know how one person that I work with, and she's talking about her problem, and then all of a sudden she goes, okay, I think I just figured it out. She just needed someone to listen to her that got it. How many people in your life get it?
How many people get that online life, that online business? So, sometimes just having someone listen to you for 5 minutes, you figure it out yourself, or they may be able to offer some quick perspective, save you a lot of frustration.
You know, I am a part of Amy Porterfield's mastermind. She is a part of her own mastermind group. She has a coach, Michael Hyatt.
So, it doesn't matter what level you are, you need people to hold you accountable, to be able to encourage you, and to help give you clarity. It's really a multiplying effect. Encouragement fuels confidence.
Accountability fuels action, and clarity fuels smart strategies. When you know where you're headed, you can make smart decisions as well. And then all together, you're going to get faster results, less wasted time, and stronger resilience, perseverance.
That's what you need. Encouragement, clarity, and accountability. And some of us know, just give me the strategies.
Well, I can give you lots of strategies. But do you know when to use it? Do you have the clarity of when to do it?
If it doesn't work, do you have people that can encourage you? Or if you're procrastinating or going after the wrong thing, do you have someone that will help you stay focused in where you're supposed to be? This is what I think is so important.
It's where you get unfiltered advice and support. My question to you is, do you have it? Now, I know some of you are in some masterminds, let's say, that are just some people that get together once a week or once a month, and that is great.
Do you have people that have gone before you in those groups to be able to help you move forward? In whatever areas of your business. But I think those are great.
I personally put my money where my mouth is. That's why I pay $1,000 a year to Amy Porterfield to be able to get the support that I need. She has a Q&A every single month for any question that I might have, or she's got regular training.
She has people specialized in different areas of my business. It is well worth every penny that I pay her. Plus, she has a we have a group, a private group, that we can encourage each other, and I've made some good friends as well.
This is important. Oprah Winfrey says she wouldn't be where she is today if she did not have that trusted circle of friends or advisors surrounding her to help her make wise decisions.
If you are tired of building alone, you're craving accountability, or you just need some support, some clarity, ready to step into the next level, to scale, I hope you will join me. We are giving a free training this week, I believe, I think it's Tuesday, I have to check today.
Anyway, it is 5 Ways to Make More Money Online. So I will be going through some strategies, but I'm also, at that time, opening up some slots for our mastermind. We have a few slots open.
I would love for some of you to join me. That would be awesome. But I hope you will at least come to my free training, and it's a masterclass.
You're going to get a lot out of it. And so, you can just find the link in the show notes, and then join me live. Joining me live, you will get an extra little bonus.
I can't remember now. Probably, we're gonna probably give a bonus for getting there early. The 15 minutes before it starts, you get a bonus.
Anyone that shows up, 15 minutes, and then it goes away at that, the hour. So, hey, thanks for spending time with me. I am Kerry Beck with Family eBiz.
Talk to you next time.