Independent Entrepreneur (I.E.) Who Are Them?

Independent Entrepreneurs (I.E.) played an extremely important role in today’s global economics. A vibrant entrepreneur contributes to job creation and has always been a strong engine of economic growth.

An I.E. is a free man, totally free from company policies and regulations. He chooses his own work, time and life. His job specifications and modus operandi change continuously with new business development. His type of work encourages self-management and self-actualisation. In a nutshell, he works for himself.

Types of I.E.

Internet Trader
Computer/Phone Repairer
Stockbroker
Recycle Business Owner
SOHO Business Owner
Finance Service agent
Will writer
Unit Trust Agent
Insurance Agent
MLM Distributor
Real Estate Agent
Transport Operator
Trainer
Consultant

Independent Entrepreneurs (I.E.) needs to put up high initial funding!!!

More and more I.E. “enter and exit” the business too frequently
Cannot afford the high cost of business
I.E. business normally fades off faster
Monopoly catalyses the “demise” of I.E.
Inadequate pre-planning hastens the fall of most I.E.
Most I.E. tend to be “laid back”, lacking ahead financial planning

As the simplest and weakest link in mainstream business, it is easier for an I.E. to both enter and exit a market. Therefore it is normal phenomenon to see big numbers of I.E. influx into and efflux out of a market at any given time. But we should be thinking of ways to help I.E. succeed and grow in business.