130: Pros + Cons of Growing a Six-Figure Solopreneur Business VS. a Seven-Figure Business with a Team
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This week, I was having a conversation with a business owner who asked me if which business model was better: a mid- to high-six figure business with no team, or a seven figure business where you have to manage a team for client delivery. While there’s no business model that’s better than another, it inspired me to talk about the pros and cons of both. If you’re a business owner who’s scared to scale and truly wants to understand the benefits of a team for growth, this episode is for you!
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Resources mentioned:
- Book a consultation to see if the Wealthy Women Collective is the right fit for you!
In this episode, you'll learn:
- 0:00 The most important thing to keep in mind when structuring your business
- 1:47 What I see holding business owners back from growth
- 2:33 The pros and cons of a six-figure business where you’re doing the client delivery
- 6:20 The pros and cons of a seven-figure business with a team
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I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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