How to Build Your Startup Without Hiring A Single Person

While running a business entirely on your own is tough, it’s definitely possible. In fact, there are so many people out there who are running a company without having hired a single person. Do some research online and you’ll be surprised by how many solopreneur success stories you’ll be able to find. Still, if you want to succeed in running a business without assembling a team, you’ll need to put much more time and effort into it than you’ve ever imagined. And to help you, we came up with 5 tips for running a startup without hiring a single person.

Know your most productive times

When running a one-man or one-woman show, it’s very important that you know your most productive times. That way, you can set up your schedule in a way to help you get more work done and grow your business. For most people, the most productive time is the morning and if this is the case with you, save those hours for your most important tasks. Most importantly, don’t use those early morning hours for emptying your email or cleaning up your desk. On the other hand, if you’re most productive in the evening, make sure work doesn’t mess with your sleep schedule.

Embrace social media

No matter what kind of business you’re running, marketing on social media is a must. What’s so great about social media marketing is that it doesn’t require as much money and time as some other marketing channels do. This means that you should be able to promote your business on platforms such as Facebook, Instagram and Twitter even if your marketing team is made of one person – you. Take an hour a week to come up with content to share with your followers and your social media pages will do fine. We also recommend responding to every message you get from potential clients.

Diversify your assets

Many business owners don’t feel like diversifying their assets because they’re trying their best to grow their business. However, when running a business without hiring a single employee, you can never be 100% sure what to expect next. Maybe you decide you want to try something else or a health condition prevents you from working. This is exactly why diversifying your assets makes sense and we recommend doing so. A great way to diversify your assets is to buy platinum, which is becoming an extremely popular investment option.

Build your arsenal

Staying on top of everything can be extremely difficult for solopreneurs. Luckily, there are people out there who create tools for people whose to-do lists never seem to end. Get a few of these things and running your company will be a lot easier. One of the first things you should think about getting is a laptop or tablet. With one of these, you’ll be able to work and stay in touch with clients no matter where you are. Another useful device you should invest in is a smartwatch that’ll remind you of important deadlines you have to meet. Software such as Freshbooks and ChargeOver can also help.

Set up a business bank account

One of the biggest problems solopreneurs face is separating their personal from their business money. Even though this may not seem like a big deal, it can actually create a real mess in both your personal and business finances. Not to mention that it makes doing your taxes a lot more difficult. And since there’s no one you can assign to handle your company’s money, the safest thing to do is to start a business bank account and only withdraw money from it when making purchases for your business.

Mastering the art of running a one-person business takes time and commitment. Create a work schedule, start working towards your goals and there will be nothing stopping you from making your entrepreneurial dreams come true.