“An echo chamber of one.”
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That’s how one LION member recently described their experience as a “solopreneur” news founder – and based on the early insights from our LION-GNI Sustainability Audits and Funding program, they’re not alone in feeling that way.
Leadership of any kind can be a lonely journey, but we’ve heard from our members that it’s especially hard when you’re the only leader at your organization, which is often the case for independent news businesses with annual revenue closer to $100K than $1 million.
We created the LION-GNI Sustainability Audits and Funding program to help publishers navigate challenges like these and access funding to implement solutions, and we’re excited to announce that 26 more publishers will receive audits and support this summer.
Want to join them? We’re already accepting applications to participate in our next round of audits, and we’ll have more insights to share soon about what we’re learning from the process.
In the meantime, here’s some of the advice and resources we shared with publishers who named loneliness and a lack of business support as one of their main challenges.
1. Assemble an advisory board: Creating a volunteer advisory board can provide solo leaders with a small group of allies and stakeholders to bounce ideas off and seek advice and validation. Another benefit: These allies will become even more invested in the organization and may leverage their own networks in ways that impact the bottom line, such as sharing ad/sponsorship leads or referring new subscribers or donors.
2. Recommended reading: