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Staying Solo: What Every One-Person Business Should Know
Staying Solo
Getting Paid and Creating Capacity
Prioritizing salary is essential for business owners to ensure they are compensated fairly and consistently, since profitability is a fundamental goal of running a business. Many solo entrepreneurs struggle with this, often due to factors like over-investment, overspending, or pricing services too low, which can result in not paying themselves at all. In addition to focusing on compensation, creating capacity is crucial for sustainability. This involves setting boundaries to maintain energy and emotional well-being, allowing for breaks from client work and planning strategically for business development. Capacity management requires more than just effective time management; it encompasses recognizing and managing one's energy, emotional bandwidth, and sensory limits to maximize productivity and maintain long-term health in business.
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