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The 8 Essential Expertise To Create Your Subsequent 6-Determine One-Individual Enterprise | by Michael Lim | The Startup | Jul, 2023


Expertise not realized at school are the supply of earnings not discovered at a job.

Photograph by Humphrey Muleba on Unsplash

I’m obsessive about the one-person enterprise mannequin.

Why? It supplies choices to dwell life by yourself phrases. You don’t must handle a big workforce. Nobody manages you. You don’t must be at a desk from 9–5. The probabilities are limitless.

Sensible individuals are already exploiting this chance.

I’ve had the privilege of observing and studying from them.

Right here’s what I realized.

#1: They’ve a deep understanding of the everlasting markets

The economic system would possibly change, however these markets by no means will.

Map your one-person enterprise to considered one of these markets:

  • Well being
  • Wealth
  • Relationships
  • Happiness

Why?

These are challenges people will face from the day they’re born until the day they die.

Everlasting human challenges = Everlasting enterprise alternatives

When you marry a market, discover a area of interest after which a sub-niche to name residence.

  • Well being → Shedding Weight → Carnivore Eating regimen
  • Wealth → Actual Property → Home Flipping
  • Relationships → Marriage → {Couples} counselling
  • Happiness → Mindfulness → Meditation

There ought to be a transparent map from the everlasting market to the sub-niche you use in.

If there isn’t, strive once more. And once more.

Listed here are my markets:

  • Wealth → Enterprise→ AI-powered procurement & provide chain (Past Worth)
  • Wealth → Enterprise→ Content material advertising (michaellim.co)

Professional tip: Discover your market or die attempting.

#2: They’ve mastered the darkish arts of promoting.

Pursue any everlasting market and sub-niche you need.

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