5 tips for having a millionaire business without employees.
There are nearly 25 million one-person businesses in the United States, and more than 36,000 make seven or more figures annually.
Nearly seven years ago, Michelle Schroeder-Gardner started her blog, Making Sense of Cents, to share her experience in paying off student loan debt and taking responsibility. The last thing she expected was for the page to turn into a $1 million business.
In 2017, Making Sense of Cents raised US$ 979,000 and, this year, it should reach US$ 1.5 million, all without hiring employees. Michelle is part of a growing wave of entrepreneurs who run businesses alone and earn more than $1 million a year.
There are nearly 25 million “one-person” businesses in the United States. And overall, these non-employer ventures have been making more money than in the past: more than 36,000 of them make seven or more figures a year. Elaine Pofeldt has researched these entrepreneurs for several years and shares her findings in her book “The Million-Dollar, One-Person Business”. Although the book does not offer a recipe for success, it reveals strategies that appear several times in the stories of entrepreneurs and that can help you build the business of your dreams. See the photo gallery below for 5 tips for running a $1 million business without employees.
Leon Charney is another such example. His current net worth is more than $1.3 billion. He is a master investor and an expert of Middle Eastern geopolitics. It is said that he started his career with only $200. He invested in himself, became an expert and began to offer his guidance for a fee. He also invested his own money in the right places and his fortune grew from a few hundred dollars to billions.
Who does not know Oprah Winfrey — the legendary talk show queen? Her current net worth of nearly $2.9 billion puts her in the top list of celebrity billionaires. While growing up, her family was unable to afford for their basic living needs. Her story exemplifies sheer hard work and focus to achieve one’s goals. Oprah followed her dream of being a talk show host, graduated to becoming a news reporter in Tennessee. After that, she started her own talk show and struck gold. She expanded her enterprise to include holdings and investments in media firms and eventually built a billion-dollar portfolio.
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