048: Tim Meuchel on Transitioning from Solopreneur to Entrepreneur

Solopreneur Life

When you started your business what was your long term plan? Did you think you’d work more or less than you did in corporate? Do you own your business or does your business own you?

Many business owners dreamed of entrepreneurship but never thought they’d be solopreneurs. Are you a solopreneur tired of being stuck in the grind and doing everything yourself? Transitioning from solopreneur to entrepreneur is easier than you might think.

In this episode of The 10 Factor find out:

  1. Transitioning from Solopreneur to Entrepreneur

    Transitioning from Solopreneur to Entrepreneur

    How to decide…

    1. If you are the sales person or the process person?
    2. What do I do well on a pro level?
    3. What do I enjoy?
  2. Why staying in your niche is critical.
  3. How to delegate and assign the ‘right tasks’ to the ‘right people’.
  4. Why someone else can probably do it better.
  5. The importance of focusing on results.

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Tim Meuchel
 

Tim Meuchel is the bestselling author and podcast host of The 10 Factor: From Struggling to Thriving Business in 10 Months. Like many successful entrepreneurs, Tim failed his way to success. He gave up $334,200 in 2008 after resigning from a twelve-year corporate management career to pursue his side business full-time. The business quickly grew 8X and within four months Tim's wife quit her job as well. Several years later a bad business deal left Tim's company almost bankrupt. Tapping into emergency funds, he fought back and restructured the business; resulting in a new profit producing model requiring less than 40% effort. Seeing an opportunity to give back and help other struggling entrepreneurs Tim reverse engineered his process, validated it with top entrepreneurs, and created a ten-month roadmap - The 10 Factor.