Simply put, a Startup is a new company; this can either be a business which has recently started or a new idea being introduced to an industry. The latter definition is a more accepted definition in the business community. This is because business leaders have considered a Startup not being a full fledge business.

As the name implies (Solo), this a business owner who works and runs their business mostly by themselves. Without hiring or being an employee, solopreneurs want to be responsible for their own actions and those of their company. Due of the lifestyle and freedom people can have while addressing a particular issue or need, it's one of the workforce categories that is expanding the quickest. These days, living as a solopreneur is not only feasible but also embraced by millions of people.