067: Tiny Business, Big Money with Elaine Pofeldt
Free Time with Jenny Blake
How to Grow a Real Team?
Even if there are no full time employees, there is a cadence to the company. Some took a very traditional route, or maybe they're even under one roof at a certain time. And then others use very unconventional ways of managing the team.
For founders who value freedom, one question looms large: How do you keep overhead low while still generating abundant revenue? That’s what Elaine Pofeldt, self-professed “data nerd” is sharing with us today based on her new book, Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness.
More About Elaine: Elaine Pofeldt Is an independent journalist specializing in Entrepreneurship. Elaine’s previous book is The Million-Dollar, One-Person Business, where she looks at how entrepreneurs scale to $1 million in revenue prior to hiring employees. Her new book is Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness. Elaine’s work has appeared on CNBC and in Fortune, Money, Forbes, and many other publications. She lives in New Jersey with her husband and four children.
Key Takeaways:
- To scale a business while staying tiny, find a way to charge premium prices by providing unusual value.
- Whether or not you have a team, it’s nearly impossible to scale without systems and automation.
- One of the best things you can do for your business as it evolves and your life changes is stepping back and asking: “What can you remove yourself from?”
⭐️ Give yourself permission: to do less out of obligation and spend more time doing things out of love and joy.
🔗 Elaine on the web: Website, Forbes, LinkedIn, Facebook, Instagram, Twitter
📘 Books Mentioned:
- Free Time: Lose The Busywork, Love Your Business
- Pivot
- Four-Hour Work Week,
- The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want
- Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness
🔗 Resources Mentioned:
- Free Time Toolkit, powered by Notion
- Alibaba
- Adobe Stock
- Canva
- Click Funnels
- ConvertKit
- Podia
- TXT180
People Mentioned:
- Dana Derricks
- Jenna Kutcher
- Jeffrey Stern, Voice Express Corp
- Brian Dean, Backlinko
- Julian O’Hayon, BLVK Paris
- Laura Belgrave, Talking Shrimp
- Tiffany Williams, Rich Girl Collective
- Doug Wick, Positioning Systems
- Vanessa and Kish Jeswani, Nomad Lane
Related Podcast Episodes:
- Pivot Episode 96: The Million-Dollar, One-Person Business with Elaine Pofeldt
- Free Time Episode 16: IP Licensing with Lee LeFever
- Free Time Episode 61: Scaling Boutique Businesses with Greg Alexander
🎁 Give yourself (and a friend) the gift of Free Time as we head into 2022: Preorder and submit proof of purchase to get early access to the audiobook as part of the Buy One, Get One, Give One holiday bonus!
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