If you choose to be a one man shop, the chances are rare that you will ever become a multi-millionaire.

At least that's what I've been told.

I've been told that I need an office. I need employees. I need this and that… whatever.

Here's how I run my business on the highest level and it's something that you can do too.

First, realize your strengths and weaknesses. My strengths are idea generation and initial implementation. I'm a starter, but once a business is in maintenance mode, I get bored. Thus, on bigger projects, I use partners or managers. Most of these people have a stake in the operation, so if it fails, they do to.

I look for partners that have all the traits I don't.

Next, while I work from home, my job is usually no more than creating a few videos explaining my concept and then turning it over to an outsourced team to implement.

Here's a problem I run into often… incompetence. Good LORD, I don't know how many people I have to go through when launching a new project before I get someone worth a damn. BUT, I always find that person. AND, every person up to that point uses the same training that I completed one time. So my time is wasted more with yelling at the outsource company project manager more than anything. Yes, that is annoying but a reality.

So at any one time, I could have as few as 5 people working for me and as many as 50.

I also have an admin that can coordinate a lot for me once my idea is on paper or on video. This person isn't necessary, but it's very nice to have them.

Now, a common problem is funding.

It's nice and all to lay out this plan (which works for me), but what if you have no money to fund the outsourced team?

Then here's what you do…

You buckle down and do project #1 yourself. It's a pain in the ass, but strive for at least 20k in net profit from this project. Then take 2k and give it to your wife or husband to blow and thank them for putting up with your long hours.

Take 8k and put it aside for taxes and bills.

Then take the remaining 10k and use that as payment for your new outsourced team. Have them knock out some quick hit projects that will continue to fund your new operation.

Looks simple, right? While it is on the surface, you will be dealing with a lot of crap along the way.

As long as you REALIZE this upfront and move past it steadily and calmly, then you will be on your way to reaching the success you want.

Enjoy,

Woody