The solopreneur vs building teams. At some point in this book we will talk deeply about teams. In fact, over the course of this book you will read a lot about teams and niches and customers.
Before we dig into teams, I want to discuss the concept or as I like to say the myth of the solopreneuer. The concept of the solo entrepreneur is talked about often on X and in social media. It’s the idea that one can by themself build a serious business. In my experience, I have tried both the concept of going to alone and the concept of building and growing teams. Personally, I have found time and time again that it’s incredibly difficult to build anything serious as a solopreneuer. Sure, one can build a business that pays your bills by yourself. But whether you outsource key parts of the businesss or hire people full time my sense is that it’s nearly impossible to do anything without building teams. Yes they can be outsourced teams. Even there most serious business will need some full time people very day to really build.
The great entrepreneurs in our country are iconic. The not so secret truth is they all built very serious teams.
In building law practice, this really few as I began to build a team. This allowed me to take care of clients while also having the time to try and bring in new clients. At Beckers Healthcare, the business did fine for the first several years when I outsourced everything. But it really grew when I started to hire full time employees and build a team.
You can be a solo business. Sure you can be a consultant or a writer or an executive coach or many other things. But my sense is that if you want to build something serious you are likely going to have to commit to building teams. They can be outsource or internal. My personal experience is that there is no way around ultimately having a core full time internal team too.