The number of companies with no employees except the business owner, so called "non-employer firms", that hit $1-$2.49 million in revenue in 2018 rose to 41,666 in 2018, according to just-released studies by Census (Census, 2020). It marks one of the biggest movements in entrepreneurship and entails new opportunities of getting part of it.
What type of businesses do solo entrepreneurs with these high-revenues operate? And how do they differentiate from usual small businesses?
We invited two speakers for you that have become a crucial part of this movement and shaped the trends of solo entrepreneurship and new virtual ways of living a more diverse and flexible lifestyle.
In fact, looking back - a high number of solo businesses that hit $1 million in annual revenue started during Great Recession. In times of crisis like we experience it now with the global pandemic - traditional jobs become scarce and more people are looking for alternative work opportunities.
In this time - more than ever, self-employment and an independent lifestyle can entail new entrepreneurship opportunities. Although today’s environment is different from the one in the last recession, there are certainly some parallels and learnings that we can gain from the last crisis, helping each of us to learn about new growth opportunities.
Get first-hand insights from our two experts: Elaine Pofeldt (Journalist, Content Strategist & Author of "the Million-Dollar, One-Person Business") and Apurva Batra (Founder & CEO at FlexiblePouches).
We will discuss the power of one-person businesses and the new lifestyle it offers. Our panelists will also elaborate on how they joined this entrepreneurial movement and on how to identify, launch, grow, and reinvent the business, showing how a single individual can generate $1 million in revenue. Linking the discussion to Elaine's bestseller "the million-dollar, one-person business" book - we will synthesize advice from hundreds of business owners who've chosen this road, their experiences and learnings as well as the opportunities that this trend offers to you.
Come prepared or send us your questions ahead (firstname.lastname@example.org), so we can make sure to address them.
Looking forward to seeing you all... virtually!
Your Startup Grind Berlin Team
FORTUNE, Money, CNBC, etc.
Founder & CEO
Elaine Pofeldt is an independent journalist who specializes in small business, entrepreneurship and careers. She is the author of The Million-Dollar, One-Person Business, a look at how entrepreneurs are hitting seven-figure revenue in businesses where they are the only employees (Random House, Jan. 2, 2018) and is writing a new book Tiny Business, Big Money for W.W. Norton & Co. (September 2022). Her work has appeared in FORTUNE, Money, CNBC, Inc., Forbes, Crain’s New York Business and many other business publications and she is a contributor to the Economist Intelligence Unit. She is also a ghostwriter.
As a senior editor at FORTUNE Small Business, where she worked for eight years, Elaine was twice nominated for the National Magazine Award for her features and ran the magazine’s annual business plan completion. Elaine graduated from Yale University with a BA in English. She lives in in New Jersey with her husband and their four children and in her free time enjoys taekwondo and yoga.
Apurva Batra is the founder and CEO of FlexiblePouches. His company specializes in the manufacture and distribution of retail-use packaging made out of engineered barrier films, found in markets across consumer goods such as food, beverage, and pharmaceuticals. Batra bootstrapped FlexiblePouches in 2017 and grew it to over $1 million in annual revenue within its first full year of business as the company’s only employee. This year, FlexiblePouches has 3 employees and expects to generate over $3 million in revenue.
Startup Grind Berlin
Startup Grind Berlin
Following several years working in the consulting, finance and investment industry, Mareike is now actively involved in the Venture Capital & Startup world in London & Berlin. She loves building strong and long-lasting relationships with a community of founders, investors and ecosystem players and has been running the Berlin Chapter of Startup Grind since 2018.