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The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want.

3.63  ·  Rating details ·  488 ratings  ·  58 reviews
The indispensable guide to earning a six-figure take-home income on your own terms, from Forbes.com contributing writer Elaine Pofeldt.

The rise of one-million-dollar, one-person businesses in the past five years is the biggest trend in employment today, offering the widest range of people the most ways to earn a living while having the lifestyles they want. In The Million-
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Hardcover, 224 pages
Published January 2nd 2018 by Lorena Jones Books (first published 2018)
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3.63  · 
Rating details
 ·  488 ratings  ·  58 reviews


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Michelle
Jan 21, 2018 rated it really liked it
A super practical guide to help you scale your one-person business into something more profitable. Small scale entrepreneurs will enjoy the breakdown of the seven most profitable one-person businesses. A great crash course for anyone who checks the "sole proprietor" box on your tax returns. If your idea is good and your expertise is real, but your profits are stagnating, read this book.
Melissa Hartfiel
Jan 20, 2018 rated it really liked it
Shelves: kindle
This book reminded me very much of Chris Guillebeau's Side Hustle except the entrepreneurs featured here have all hit the seven figure mark and do this full time. To be clear, while most of these were all one employee businesses, don't for a minute think any of these entrepreneurs hit one million in revenue without help - their help just came in the form of contractors. Lots of practical advice and business profiles here but perhaps the best part of the book are the Appendices which are packed w ...more
Frederic D.
Feb 19, 2018 rated it it was ok
What started off as an interesting and promising read quickly became a repetitive sharing of a couple of success stories. Very biased storytelling and very little insights on how to get started on a business.

Not the guidebook i was looking for.
Brad Carl
Nov 24, 2018 rated it it was ok
I was shocked at how elementary this book was. 80% of it was stories about different small businesses - how they started, how they changed, how they grew, etc. I got nothing out of this, really. I'm not saying I'm smarter than the average person, but it was not enlightening for me at all. It was boring. I found myself struggling to want to read the book. I suppose the intent was that these stories would be inspiring, and maybe they were for some people. But.... what I was really hoping for was g ...more
Chris Johnson
Feb 06, 2018 rated it really liked it
Shelves: business
There's a big caveat to this otherwise great book and it's this: Margins.

I've run an owner-centric business that sold over a million dollars worth of services. And cost-of-delivery is ALWAYS always a big issue. How much do you keep? She talks about "fitness on the go" which is a licensed personal training outfit in Canada. She mentions an astonishing 4 million from a one-person business. But then as you read it, we learn that the affiliated trainers get 91% of the revenue, cutting the business d
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Dena (Batch of Books)
More and more people are turning to side hustles and entrepreneurship as an alternative (or in addition) to their day jobs. In my experience, stay-at-home moms are some of the best side-hustlers out there.

As a work-from-home mom myself, I’m always interested in books that discuss the entrepreneurial spirit, ideas, and tips for making the solopreneur lifestyle work. I’ve read quite a few books on this topic, and The Million-Dollar One-Person Business was a good addition to my collection.
The Stron
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Julie
Jan 06, 2019 rated it liked it
I liked;
Quick, light read
Inspiring stories of solo entrepreneurs in 6 industries that you want to look up to dive in deeper detail
Nice additional tools
Tone of voice

I didn’t like:
Paints a very romanticised picture of entrepreneurship, e.g. Focuses on revenue rather than profit.
Not very differentiated from similar books like 4 hour workweek, besides that it’s more inspiring with plenty of stories.
Sometimes comes across patronizing, with best intentions of course ‘google it and you’ll find it’
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Marcey Rader
Jul 08, 2018 rated it it was amazing
I can't say I learned a lot of new stuff, but I read a lot of business books :) From an inspiration standpoint, this was a great, easy, quick read. I like that Elaine profiled multiple industries, people that opted to grow, stay small, sell, and/or pivot to fit their lifestyle. So much of purchasing is about the story and two of the companies profiled, Easy Lunch Boxes and Brooklinens I'm now going to be a customer of.
Adrian Luben
Feb 20, 2018 rated it really liked it
Good for keeping up the motivation.
Stephanie Pollock
Jun 29, 2018 rated it it was ok
Great overview for new entrepreneurs or those considering entrepreneurship. This book offers some creative examples of micro business owners making it work. Rating it a 3 because there was nothing new for me here given I’ve been a one-person business owner for 10 years.
Heather
Mar 01, 2018 rated it liked it
This is a good starter book for those completely green to business or being self employed/entrepreneur. However if you've been in the game for years or are an avid reader of business publications like Entrepreneur magazine, Inc, Fast Company or if you listen to the various business related podcasts that are out there none of this information will be new to you. The book gets repetitive on highlighting similar traits between various millionaire business owners who run a "lean" operation (meaning ...more
Dave
Apr 05, 2018 rated it it was ok
This book started off pretty strong, but pretty quickly fell through the floor.

I've been curious for the past 6-12 months how you can create products or experiences that allow you to reach a bigger audience at a better scale.

So I bought this book pretty readily and hopefully.

Unfortunately, what could have been said in about 40-50 pages was strung out to about 200.

It isn't a bad book, but it isn't a book that I would strongly recommend as a must read.

More like a book that you can read and it
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Leroy O'Donnell
Feb 07, 2019 rated it liked it
Book Review – The Million Dollar One Person Business

“Uncovering an idea that you will enjoy thinking about every day - whether that is when you are writing copy for your website or answering a customer's question about it - is the secret. Of course, you need to do your market research to make sure there are other people interested in buying what you plan to sell. You can't build a million-dollar, one-person business around a passion that only ten people on the planet share, unless you have achie
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Bruce Harpham
Jan 15, 2018 rated it it was amazing
Read this book after seeing it recommended on Tim Ferriss's blog. If you were inspired by the concepts in "The Four Hour Workweek" but wanted DETAILS on how to make such an Internet company work and scale up, this is the book for you. In a way, it's a great "sequel" to the Four Hour Work Week.

The reporting is excellent. In each of the stories, you will find revenue, profits, change over time, and the stories of scaling up. For example, food businesses that scale up by using a "copacker" to scale
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Robert
Dec 28, 2018 rated it it was amazing
This book provides a lot of inspiration for people that want to be a solopreneur or run a million dollar business. It is not a how-to manual.

I think of it this way -- not all of us want to work for corporations nor do we want to start a billion dollar business with zillions of employees to worry about. This book shows that is possible to make that happen. You can run a small business by yourself and still meet all of your financial dreams. You are most likely going to need to outsource, but it
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Alejandro I Sanoja
Jun 13, 2018 rated it liked it
"Out of more than twenty-eight million small business in the United States, twenty-three million are 'non-employers', meaning no one has a job there except the owners."

This is a great book for solo-preneurs or small business owners. It's for you if you've been thinking about starting a business for a while, or already have one but don't know where to go next for growth.

It shares a lot of valuable experiences and insights from other entrepreneurs who have been successful at running a profitable
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Jenn Bradshaw
Jan 16, 2019 rated it really liked it
As the owner of not one, but two online businesses, I've been wondering if it's possible to bootstrap to success. THE MILLION DOLLAR ONE-PERSON BUSINESS proves that running lean all the way to huge profits is possible.

Through case studies and in-depth analysis, the author dissects what makes some lean startups succeed while others fizzle out.

This is one of my top five recommended reads for someone considering starting their own business. Running a business, especially a bootstrapped startup, is
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Oak
Jan 11, 2018 rated it really liked it
The Million-Dollar One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want by Elaine Pofeldt is an innovative book offering business advice to entrepreneurs. I liked the premise of the book: developing a business for one person that would yield a high profit. I also liked how Pofeldt gave broad advice for starting a business – such as how to fund it – as well as specific and detailed advice on minor subjects – such as how to organize emails in Gmail. One of my favori ...more
Lindsey
Jan 08, 2018 rated it really liked it
As someone who is starting their own business I found this to be a great guidebook to help me along my way. Elaine Pofeldt has run her own successful business for 10 years and she lends her guidance to people who are wanting to branch out on their own and become independently successful. I'm hoping this book with help me avoid some of the pitfalls that small businesses face and that I will be able to flourish doing something that I love. This is a must read for someone thinking of starting a bus ...more
Yves
Dec 31, 2018 rated it liked it
This light book is a well-cobbled assembly of one-person success stories without the (harder work) of directional input by the people themselves. As an entrepreneur myself that built a company up from nothing I set this aside for months because it did not address the do it now ethos that is critical.

So finally finishing today. Thinking about it and the reason it tips into three tars is because it is a good stepping stone for people thinking about setting up a side hustle, as Gary Vaynerchuk demo
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Chrissie
Mar 31, 2018 rated it really liked it
Great overview of the changing economy and how the one-person venture is an alternative to the other entrepreneurial paths of starting a small business vs starting something that will require venture funding to scale. The author outlines the various models solopreneurs follow - from e-commerce to informational content creation to personal services. The examples along each of these are strong, but I wish she organized the full book more deeply along these categories with general tips and tricks t ...more
Flora
Jan 04, 2019 rated it really liked it
Shelves: business
3.5/5 round up
Referred to this via the Tim Ferriss podcast. It has a series of wonderful case studies and detailed interviews with successful, ultra-lean businesses.
Though I must say, reading this book stressed me out. It made the business building process look so easy... everything is a breeze, and boom! A million dollar business! Why isn't everyone doing it?
It's essentially a compiled case study of living 4-hour work week examples. A decent read, if you aren't susceptible to feeling stressed
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Tim Fargo
Feb 27, 2018 rated it it was amazing  ·  review of another edition
Simplicity Rocks!

Too many book on business try to shoehorn you into the massive enterprise idea. Built on the idea that everyone wants to have a huge company.

In this book, Pofeldt turns that logic on its head. Focusing on one person businesses that are making over $1 million a year.

As a solopreneuer with a SaaS business I found this book both instructive and inspirational. While I'm not yet at that threshold, this book has given me some great ideas to pursue and the motivation to make it happen
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Ruby Escalona
May 05, 2018 rated it really liked it
Shelves: 2018-reads
Stories about people who were running million dollar businesses with less than 5 people as full time employees. With today's gig economy, these businesses are becoming more prolific, so we should consider building businesses like these as well so we can get out of the car race and retire early.

Will try to focus our small business goals to at least 2 or 3 from the list of businesses that's in the profile of a million dollar, micro business

*real estate
*content creation
*professional services/contr
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Andrienne
Sep 26, 2018 rated it really liked it
While researching the future of work, I came across this highly accessible and eye-opening book. It features lots of examples and shows the hows - of course only the successes are featured; owning a business is still pretty risky, but reading this book, you won’t feel that would be the case. It’s great to hear about those who have thrived, but maybe a little caution in the wind would have been helpful too. Still, it was a quick read that can ignite one’s potential.
Karen Briscoe
Jul 23, 2018 rated it it was amazing
As an entrepreneur, I found inspiration abounds with great strategies on how to make money, work the way I want and most importantly to have the life I want. Creative tools and techniques included that provide freelancers and solopreneurs the financial freedom to build the life of their dreams. Karen Briscoe, author and podcast host "5 Minute Success"
Via Bella
Jan 10, 2018 rated it really liked it
This book is written in a story style where there are things you will get and be super helpful to you. It wasn't written the way I thought it was going to be but the advice is still sound through the story style writing. You can read the full review here: http://viabella-thebeautifullife.blog...
Brian
Aug 01, 2018 rated it it was amazing  ·  review of another edition
Great book for new entrepreneurs with practical tips and shared experiences of those who have gone ahead

This book was recommended to me from a coach and I’m grateful for it. It’s not just inspiring but also packed full with advices and experiences from entrepreneurs who have been there done that before me.
Kwang Wei Long
Feb 13, 2019 rated it really liked it
Good understanding of how some one-person business are able to scale and which area/industry are more likely able to achieve such feats.
As interesting this book is, it can do better by going into greater depth about how these business owners are able to achieve such feats as the book mainly covers the surface and much 'gold' is lost.
Guy
Aug 18, 2018 rated it really liked it
Very inspiring and insightful book about entrepreneurship and business. Gives you lots of no nonsense advice and case study backed evidence and what to do on starting a small business or starting a business from your home. At the back it gives you a step by step guide of what to do. A good read and entertaining as well as highly practical.
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“I realized how much more contractors and entrepreneurs are willing to do a better job for you,' says Dan Mezheritsky. 'They are trying to help your business - and grow theirs - as opposed to an employee who is just there for a paycheck.” 0 likes
“Solo businesses that hit the million-dollar range typically fall into six categories: 1. E-commerce; 2. Manufacturing; 3. Informational content creation; 4. Professional services and creative businesses, such as marketing firms, public speaking businesses, and consultancies. 5. Personal services firms, offering expertise, such as fitness coaching; 6. Real estate. These companies use outsourcing, automation, mobile technology, or a combination of all three to build, operate, and grow their businesses.” 0 likes
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