Business doesn’t look the way it used to. You don’t have to have a whole team of people to be running a company. You just need you.
A company of one prioritizes profit over growth. Starting small with a simple idea and launching it as quickly as possible to begin generating revenue is the first step. Products and services can always be expanded later.
Your approach is not to think of what “more” you can add whenever there’s an issue. Instead, you think of creative ways to solve problems. When you need to pivot, you do it without wasting time dealing with hierarchy. With everything your company of one does, you’re able to be nimble without the bureaucracy to deal with.
Of course, there are challenges. Only you can make yourself work, which is critical to your company of one succeeding. The regular company needs like accounting don’t go away just because that’s not your expertise. You have to find ways to meet all the business needs without drowning in additional expenses and more overhead.
But you’re poised to compete well. You have a lean operation. If you can resonate with customers, you’re on your way. Tell people your story and connect with them. Build their trust through great work and listening to their feedback. Then use networks to keep your business growing even if it stays a company of one.
About the Author
Paul Jarvis is a writer and designer with a vast amount of experience in IT and digital media.
His previous work has been consulting with a variety of clients. Corporate clients included Yahoo, Mercedes-Benz, and Microsoft. He also worked with professional athletes to help them navigate their online presence. Big names in this group include Shaquille O’Neal, Warren Sapp, and Steve Nash. After that, he helped online entrepreneurs build their brands.
Jarvis walks the talk of his book as his own company of one. Since venturing out, he’s created online courses reaching more than 10,000 students. He also spends time writing, creating podcasts, and developing software.
He does all this from his home. Jarvis lives with his wife on Vancouver Island off the coast of British Columbia.