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How solopreneurs and freelancers can use generative AI

The rise of solopreneurship and freelancing is on the rise globally and in India, according to the Global Entrepreneurship Monitor report and Refrens, a Bangalore-based business operating platform for freelancers and agencies across the world. The report found that AI tools, such as ChatGPT and Midjourney, are already being used by these individuals and are making a positive impact on productivity

Source |  | Debleena Majumdar, ET Online

The popular perception of an entrepreneur is someone who is building a large business, with a growing team. But, there are other kinds of entrepreneurship models. A single person with a skill that is in-demand could be a solopreneur or a freelancer. And that trend is on the rise.

The Global Entrepreneurship Monitor report said that from 2019 to 2022, across 32 countries they surveyed, this model of solopreneurship was on the rise in over 19 countries. And these people were not looking to add anyone to their payroll over the next five years.

India, too, has been witnessing the rise of individual creators, freelancers and solopreneurs. As they build their expertise and scale up their businesses, one challenge some of these business owners face is the need to be constantly available, though they have no backup or additional resources.
The question is, given the rapid increase in generative tools, can there be specific areas that solopreneurs and freelancers can get help to save them time?

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Source
economictimes.indiatimes.com
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