Reputed companies like Apple, Nike and Google foster an internal culture of secrecy and even leak information strategically to fuel public excitement before a product launch.
Professional services and creative businesses, such as marketing firms, public speaking businesses, and consultancies Personal services firms offering expertise, such as fitness coaching Real estate In interviewing the entrepreneurs for The Million-Dollar, One-Person BusinessI found that no two were alike.
But what many have in common is they are using outsourcing, automation, mobile technology, or a combination of all three to build, operate, and grow their businesses.
Some of these entrepreneurs have made a commitment to remaining solo operations, while others eventually decided to scale the traditional way, by hiring employees. The point of the million-dollar, one-person business is that it gives you choices—whether to keep it small while earning a great income or continue growing it.
Often, these entrepreneurs mentioned to me that The 4-Hour Workweek gave them valuable ideas on how to extend what one person or a team of partners could do before they hired employees.
Here are some of their stories, which illustrate how they applied the lessons of The 4-Hour Workweek—and the incredible results they achieved in their lives because of that.
Split-Testing for Profit Nadler never planned to be an entrepreneur. He studied business management and technology and then built a career as a project manager for one of the top trading units at a multinational bank.
It was a good job that seemed to justify the college tuition his parents had paid and enabled him to support his young family. And yet, as Nadler was talking almost six years ago with his oldest daughter about the importance of doing what you love, his words sounded hollow.
He realized he was not following his own advice. What did excite him—and had led to his career in project management—was improving his own productivity and helping the people around him do the same.
Nadler decided it was time to actually follow the advice he had given his daughter and soon started a side business, designing and producing his own planners and selling them online. His goal was to create a side income by creating a truly automated business that would give him the freedom to choose to work—or not—on any given day.
An online store, he realized, was the quickest and easiest route to doing that. I was inspired to hack the system, to question the status quo and see if I [could] pull it off myself—and behold, it works. Instead, they focus you on the essential outcomes each week that will move you toward your primary goals.
Many people loved his idea and bought the planners. Nadler acted on what he had learned by turning to the site Splitly. This saves him hours of manual work.
At the time, they were just 25 and neither had any experience in retail, but they decided they wanted to hit a very concrete goal: Reading The 4-Hour Workweek helped them find the courage to leave behind traditional careers and build a lifestyle they love.
To make a smooth transition from their traditional careers, the Arnebergs eased into entrepreneurship gradually.
Both love living an active lifestyle—Ben was on the Air Force parachute team, while Camille is a certified personal trainer—and they initially tried selling compression sleeves a running accessory on the internet on the side.
When that business did not take off, they began researching other products they could sell on the giant trade marketplace Alibaba. Even if it all went down the tube, they reasoned, the experience would be valuable.
The couple opted to launch their site on a giant ecommerce marketplace, reckoning that this would give them the exposure they needed quickly. They also outsource order fulfillment, relying on their retail platform to handle this.
Another example of how they outsource is by relying on a private label manufacture overseas who customizes their products for them, instead of trying to become manufacturers themselves. The results of those sessions have been powerful.
Last year they launched a second business on the crowdfunding site Kickstarter. It sells the CubeFit TerraMat, an ergonomic mat for people who use standup desks. None of this would have happened if they had not made an active commitment to outsourcing and staying focused on what really matters.
Faggella earned enough money to support himself in graduate school by running a small martial arts gym he owned in his early twenties, but he sold it by age 25 with the goal of creating a scalable, location-independent internet business.
In he launched Science of Skilla subscription-based ecommerce site that initially sold online courses in martial arts.The Waste and Resources Action Programme (which operates as WRAP) is a registered UK Charity No. and registered as a Company limited by guarantee in England & Wales No.
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