‘Solopreneurship’ on rise in Phoenix metro area

By Amy Edelen
Cronkite News

PHOENIX – From reasons ranging from schedule flexibility to personal fulfillment, more people are gravitating toward independent work – or “solopreneurship” – in which they operate all aspects of their business without employees.

Independent workers, which include contractors, consultants, taxi drivers, web designers, technology developers, artists and freelancers, contributed more than $1 trillion to the economy in 2014, according to a report by Virginia-based MBO Partners, a management services firm.

There are more than 17.8 million full-time independent workers in the U.S., and that number is expected to rise to 22.1 million by 2020, according to the report.

The Phoenix metro area also has experienced a rise in independent workers, with more than 291,000 one-person businesses registered in 2013 — a 19 percent increase since Continue reading