The $1M One Person Business May Be A Trap

Imagining your life as an entrepreneur can seem glamorous. Even more glamorous today is the idea of the solopreneur… One who is a $1M one person business. More common today is the dream of starting a $1 million one person company. The idea of the $1M one person business sounds great on paper… If it works. But if you dream to achieve the $1M one person business, the reality is that you may kill yourself (or go crazy before actually achieving your goal). A better approach may be to find…

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GDPRgeddon for Solopreneurs and Bloggers

gdprgeddon for solopreneurs

GDPR compliance is about 26 hours away… Meanwhile, for millions of solopreneurs, bloggers, tiny website owners, etc… Compliance with GDPR is like “GDPRgeddon”. //Rant// What a ridiculous, asymmetrically burdensome pain in the ass. It’s absurd. Of course the huge, data-driven companies like Facebook, Google, Amazon, etc. should have to comply with whatever privacy requirements the EU wants to have in place. Their entire billion dollar business model empires are built on the bones and reputations of individuals using their free tools. As they say, if it’s free… You are the product.…

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Freelancer or Solopreneur: What’s The Difference?

freelancer or solopreneur whats the difference?

If you’re considering a side hustle, you may think of yourself as a freelancer or a solopreneur. Freelancers and solopreneurs are often conflated with one another, or used interchangeably… But aside from the fact that they work mostly by themselves, freelancers and solopreneurs are different. Freelancer or Solopreneur? A freelancer is someone who exchanges his or her time for money. Freelancers work on projects for clients, as the clients come in. Freelancers do the work themselves. They’re the boss of themselves… They own a job that they control. If a…

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What is a Solopreneur?

What is a solopreneur?

While every solopreneur and entrepreneur is unique, solopreneurs differ from entrepreneurs because they bear the pressures and challenges of building a business alone. What is a Solopreneur? The definition of a solopreneur is generally someone who: Works completely alone. Is the sole manager (is in charge of himself or herself on a daily basis). Is working on a solopreneur business to support themselves and maybe their family. Solopreneurs are often people who start a blog or start an online business to sell products or services online. Solopreneurs usually work from home, in…

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A Business of Hitting Singles

Many sales jobs are comprised of hitting singles. Insurance is one of these. Very few people want to talk about insurance. Sometimes it’s 100 “no” answers for every 1 “yes“. Yes, very good business for baseball batting average analogies… Because your “at bats” matters a lot. On top of no one wanting to talk about insurance, there’s also the incumbent you’re battling with. Every new client of yours is a client someone else lost. A zero sum game. But then those singles start to add up. Over time, incrementally, you’re…

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Weakness is Strong

Weakness is strong. Weakness can overpower me easily. I know some of my bad or lazy habits make weakness even stronger and put it in a very comfortable position of power. Sometimes if I give weakness just a shred of a chance…It gets the drop on me. How Do You Fight Weakness Weakness is no match for ingrained habits. Over time, developing good, daily habits takes the random decision making out of your daily routine as much as possible. Tim Ferriss recently said something to the effect of: “…Don’t think…

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5 Ways to Overcome Depression as a Solopreneur

5 ways to Overcome Depression as a Solopreneur

In 2012 I attended a conference for entrepreneurs. It was at a ski resort in Lake Tahoe. The conference was filled with a lot of really smart and impressive business people. I can’t remember all of them, but it was a very open scene. Regardless of the level of “success” people had, everyone treated each other more or less as equals. I was just starting my second startup venture. I wanted to meet other founders and there were random encounters and opportunities to chat. During one meal I chatted with…

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Sole Proprietor vs. LLC for My Online Business?

Should my online business be a sole proprietor vs LLC?

You may be wondering, if you start an online business… Should you be a sole proprietor or LLC? It’s a good question. And making the right choice has important implications for your online business. Sole Proprietor Operating as a sole proprietor is the easiest… Then again… When is the easiest approach the best approach? On the positive side, as a sole proprietor, of course you are in full control of your destiny. However, the same is true if you’re structured as an LLC (Limited Liability Company). On the negative side, as…

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Thoughts Like Waves

If you’re overly introspective, it can sometimes feel like you are a slave to your own thoughts. You can control your thoughts, but it takes a lot of work. Mostly… Thought just happens. Like breathing, as long as you’re alive… Thought just happens. Thoughts are like ocean waves rolling into the shore. Some are good, and some are bad. If you’re a surfer, you can’t control the ocean. Surfers don’t worry about the bad waves… They enjoy the brief good ones. If you’re not a surfer, even better… Instead of…

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