98. Elaine Pofeldt - The One-Person Million-Dollar Business Paradigm
It’s getting easier and easier to create a 7-figure business as a solopreneur. Elaine Pofeldt is an independent journalist and author who shares her passion for studying successful entrepreneurship. As we journey into the digital age, we are seeing the rise of new, successful business models that favor smaller businesses and fewer employees. More employees no longer means more revenue because technology and outsourcing are expanding the limitations of what a single person with a non-employer business can accomplish. A one-person business can be incredibly lucrative, but it can also be very isolating, so make sure you stay networked with other people and share your experience and knowledge with others. It’s easier than ever to be a one-person show and build the successful business of your dreams, so start your solopreneur journey today!
👩💼 Elaine is an independent journalist specializing in entrepreneurship: she's the author of The Million-Dollar One-Person Business & Tiny Business, Big Money. 02:04
📚 Writing about entrepreneurship made Elaine connect with entrepreneurs: she asked readers of Forbes how they succeeded, gathered that knowledge, and put it in a book. 03:35
📄 We're leaving the coercive world of work and entering one that's much more voluntary: Jennifer shares how she developed her company to seven figures via contractors. 11:55
🤝 Contractors also prosper by gaining experience and knowledge - it's a beautiful thing where everybody can help each other and rise together: being a solopreneur can be lonely. 17:35
🕴️ Around 45% of the 7-figure owners belong to entrepreneurship groups, and 37% have a business coach: friends and family often don't understand entrepreneurs. 20:37
💲 Professional services are a large portion of 7-figure businesses. 22:48
🖥️ 7-figures businesses generally have contractors and self-invest, and 90% use automation: automation empowers people to build upon it and lean into the things only humans can do. 26:12
👉 You are the most precious resource of your business - leverage things only you can do: leave the industrial mindset behind and embrace capital-efficient methodologies. 30:45
Links:
Connect with Elaine: www.instagram.com/milliondollaronepersonbusiness
Join our Academy: www.jenniferdawnacademy.com
Connect with Jennifer: www.jenniferdawncoaching.com
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