The Million Dollar, One-Person Business: How Entrepreneurs Are Scaling to $1M Revenue

Today’s episode is with Elaine Pofeldt, author of The Million Dollar, One-Person Business where she looks at how entrepreneurs are scaling to $1 million in revenue prior to hiring employees.

Elaine writes about million-dollar, one-person businesses for Forbes online. Formerly, she was a senior editor at Fortune Small Business magazine where she was twice nominated for a National Magazine Award and ran the magazine’s annual business plan competition.

Her work has been published in Money, Inc., Good Housekeeping, Marie Claire, on Medium and CNBC online, and by the Economist Intelligence Unit. She earned her BA in English at Yale and is a mother of four.

Topics & Timestamps
0:00 – Episode Introduction
3:17 – Elaine Pofeldt Guest Introduction
8:37 – Entrepreneur stories
12:30 – Reality of one-person businesses
14:48 – Obscure industries that had great ROI
18:41 – Lessons you’ve found from earliest stage entrepreneurs
22:31 – Stages of entrepreneurship
29:43 – Hiring contractors and team members
33:01 – Entrepreneur mindset
37:28 – Entrepreneur health and wellness
40:25 – Types of partnerships entrepreneurs seek
50:44 – The Million Dollar, One-Person Business

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