We really like the tagline for the book The Million-Dollar One-Person Business. It's "Make great money; work the way you want; have the life you want."
This pretty much sums up the advantages of being successfully self-employed.
But this book is not just about being self-employed.
It’s about creating a successful solopreneur business, which is one that doesn’t have traditional employees.
There are many advantages of being a solopreneur.
There is less risk because there’s no regular payroll to meet and less stress because there aren’t employees to manage.
There’s also more freedom and flexibility without employees.
The challenge is scaling a business without hiring employees. And that’s what The Million-Dollar One-Person Business focuses on.
The book is written by the well-known and highly respected small business expert Elaine Pofeldt. She explains how to identify, launch and grow a single person business that can generate $1 million or more in revenue.
The book is based on hundreds of interviews Elaine has conducted with successful solopreneurs. Because of this, it's filled with practical advice from those who have accomplished the challenging task of reaching $1 million in revenue.
We liked the entire book, but our favorite part is Chapter 4 - Making It Happen. This chapter has the nuts and bolts advice about building a successful solopreneur business.
We particularly liked the section Experiment and Revise (page 113). Being able and willing to adapt, adjust and pivot is almost always a prerequisite to business success. This section nicely and usefully lays out how several successful solopreneurs did this.
We also found the section on Useful Resources to be very helpful. It's a one stop shop of the tools and hacks that can be used to automate work and business processes.
The value of automation is stressed throughout the book (you simply can’t build a large solopreneur business without using automation tools) and this section provides a list of the tools to make this happen.
The Million-Dollar One-Person Business is clearly aspirational. As the book points out, there were only about 36,000 single person businesses in the U.S. with a million or more in revenue in 2015.
But this book is not just for those who want to reach $1 million in revenues.
Anyone who wants to build a high income solo business will find the information in this book extremely valuable. And a growing number of Americans are building high income solo businesses.
As the chart below shows, over 3 million American solopreneurs reported earning more than $100k in 2017. This is up from just a bit over 2 million in 2011.
So if you plan on building a $1 million solo business, this is the book for you.
But it's also the book for you if your goal is simply to build a successful solopreneur business of any size. Especially if you want a business that "lets you work the way you want and have the life you want."
Excellent Book..... Highly Recommended!!!!!
Posted by: CrowdFundYouth | March 02, 2018 at 08:25 AM