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Business

How to Innovate to Run a One-Person Business

Small businesses are becoming more popular as people look for more ways to make money in an increasingly expensive world. Fortunately, it is easier than ever to run a one-person business. Wondering how? From using your skills to how you present, here are some ideas.

Use Apps and Software

It doesn’t matter if you are computer shy; you must use the apps and software tools available to you. This is a massive bonus for a one-person company, and you can’t really run one without them. For example, you will need to use apps such as payroll software, even if you pay just yourself. This helps keep your finances organized, and you will have something to show when it comes to paying your taxes! If you need something, then check; there will definitely be an app!

Build Around Your Skills

It would be pretty foolish to start a business that requires the skills you don’t have! So why would you do that to yourself? You would be setting yourself up for failure. Begin by using the skills you already have. If you can arrange flowers, then go for it. If you’re a prudent student of the written word, then how about copywriting services? Whatever it is, you can build a solid business around existing skills, which helps create a strong reputation as you do a great job.

Run a One-Person Business with AI

AI is everywhere these days. Small Business Britain claims that around 38% of SMBs use at least one AI tool because AI is so helpful. Sam Altman, the creator of Open AI, argues that we will even see the first $1 billion one-person company soon because of AI. As a practical example, you could use ChatGPT to write descriptions to sell used clothing on eBay. This will save time you don’t really have while ensuring your product pages keep a professional tone.

Present and Act Like a Corporation

When you are a one-person business, you are the business! Who says you need to employ thousands of people to be an organization? How you put yourself out there makes a huge difference when it comes to your professional appearance and perception. Don’t be afraid to act like a corporation, even if it’s just you! A professional website, social media campaigns and business cards are a solid start. Further enhance this with digital marketing and branding.

Take Care of Yourself

With no employees to rely upon, it really is up to you to carry your business forward. All the apps and branding in the world can’t save you from missed jobs and unhappy clients. Since you are the business and the business is you, you must take care of yourself. This means looking after your health by exercising, regular checkups, and eating healthy. It is also an advantage to focus on mental health and wellness and dropping bad habits such as drinking and smoking.

Summary

You can use apps and software to run a one-person business. Some of these may also come with AI tools, which can be a huge advantage. However, you must also look after your health!

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