Teamless?

There’s a lot of talk these days about the importance of teams,

And most if not all the companies profiled in the media are comprised of all sorts of teams: founding teams, operating teams, product teams, and on and on.

So you’ll be forgiven if you’ve gotten the impression that that’s the only option.

But while there are certainly benefits to working in teams, such as diversity of thought, division of labour, many hands make light work, and so forth,

There are many examples of successful one-person (or nonemployer — businesses with no employees) businesses, some of which realize more than a million dollars in revenue!

And there’s much talk these days about distributed, decentralized, freelance, and remote.

There are now
* Marketplaces to help you with distribution.
* On-demand manufacturers that help you with fulfillment.
* No-Code and Low-Code tools that help you with automation.
* Open source libraries and APIs that help you write less code.
* Productized Services that help you outsource tasks that can’t be automated.
* Crowdsourced labour (see Wikipedia and Stack Overflow).
* Audience-first product operations can be commoditized. See MrBeast Burgers , “O, That’s Good!” by Oprah Winfrey, and Kylie Cosmetics. The brands are unique. The backends are not.

All of which suggests it’s possible to realize the benefits offered by teams as a solopreneur (or tiny team) by taking advantage of webs of distributed relationships for collaboration and delegation.

It’s all about leverage and abstraction.

Some examples:

For more, check out:

Elaine Pofeldt’s book The Million-Dollar One-Person Business

How to Build a Million-Dollar, One-Person Business – Case Studies From The 4-Hour Workweek on Tim Ferriss’ site.

This post is based on this one by Dru Riley, Founder at Trends.vc
Trends #0065 — Million-Dollar, One-Person Businesses

The photo at the top is by Anne Nygård on Unsplash