Start Here
Menu

Solopreneur Money

A Podcast

How to Work without Employees with Lorette Pruden, Ep #90 

As a solopreneur, you probably don’t have employees, yet how are you supposed to grow your business without employees to take some of the burdens?

Lorette Pruden joins me today to discuss how you can create strategic relationships across fields to bolster your business and make it more profitable. You won’t want to miss this conversation. Press play to learn how to shift your business mindset to look for referral partnerships that can help you make more money.

You will want to hear this episode if you are interested in…

  • Lorette’s story [1:22]
  • How to help businesses grow their business without employees [3:30]
  • How to shift your mindset to incorporate a starburst business model [12:57]
  • How to figure out who the connectors are [16:52]
  • Build a profitable business plan [22:24]
  • The money questions [29:10]

How Lorette became a small business coach

Lorette Pruden wasn’t always a small business owner. She started her career as a chemical engineer at a large corporation. After a corporate takeover restructured that company, Lorette discovered the world of entrepreneurship.

She leapt into entrepreneurship with open arms and fell face first. Even though she wasn’t successful in her first attempt at small business ownership, she learned valuable lessons along the way.

Now Lorette uses her experience to coach others who are making the transition from the corporate world to solopreneurship. Lorette has even written a book called Formerly Corporate that helps individuals make that transition.

How to grow your business without employees

Being a solopreneur can be a daunting task. There is so much to do yet you are your only employee. Even though you are the only employee that doesn’t mean that you have to go it alone. Solopreneurs should work with mentors, advisors, coaches, assistants, bookkeepers, and so many others.

Instead of building typical employer-employee relationships or even subcontractor relationships, consider building reciprocal relationships with those that you work with. Reciprocal relationships can also be described as referral partnerships. The idea is to build a constellation of people that surround your business who are connected and collaborative by nature.

How to shift your mindset to incorporate a starburst business model

By building a starburst business model you will create relationships with all the people you need to make your business function.

The first step in building this business model is to understand that you don’t need employees to run a successful business. You need to have a vision first to understand the type of business you are trying to build and recognize who could help you build it.

Next, it is important to inform others that you are looking for a reciprocal relationship. Not everyone will be up for the task but chances are you will quickly find like-minded business owners who are willing to work with you. These relationships you build are tangible assets that you can use to grow your business.

Learn how using the starburst business model can help you grow your business by listening to this interview with Lorette Pruden.

Connect with Lorette Pruden

Connect With Gabe Nelson

Subscribe to Solopreneur Money

Audio Production and Show notes by
PODCAST FAST TRACK
https://www.podcastfasttrack.com