What Are Business Structures And Essential Functions | Part 1 The Solopreneur

If running a successful business was easy..... yes you guessed what I'm going to say... everyone would be doing it.

However, there are many amazing businesses that never really fulfil their potential, and with them many business owners that never fulfil the lifestyle they set out in business to achieve.

In this video series, I am addressing one of the fundamental areas that businesses fail through, and that is setting up their business structures correctly and knowing the essential functions of each stage of business growth.

Today I tackle the 'solopreneur' business structure and their challenges and which essential functions the challenges fit into.

0:00 - Introduction to Business Structures Series!
0:48 - So do you need an organisation chart for a solopreneur?
1:38 - What does a business structure for a solopreneur look like?
1:49 - Solopreneur Business Structure Pillar 1: CEO. Why, Purpose. etc
2:01 - Solopreneur Business Structure Pillar 2: Product, service or item
2:16 - Solopreneur Business Structure Pillar 3: Customer, eg marketing, sales, after sales.
2:51 - Solopreneur Business Structure Pillar 4: Business, eg legal, finance, systems and operations.
4:21 - What challenges does a solopreneur business owner face?
4:27 - Solopreneur challenge 1; overwhelm & burnout.
4:45 - Solopreneur challenge 2, 3 & 4; lack of funding, poor cashflow, underpricing.
6:09 - Solopreneur challenge 5; lack of systems and processes.
7:08 - Solopreneur challenge 6; lack of a solid vision or strategy.
8:24 - Solopreneur challenge 7; lack of a unique value proposition early on.
9:39 - Solopreneur challenge 8; delegation.
10:01 - Solopreneur challenge 9; hiring.

If you enjoyed this video you'll also love this similar video - Essential Functions of a Small Business    • Essential Functions of a Small Busine...  

❓ QUESTION ❓
what stage of business are you? Solopreneur, micro, small, medium, large? Share in the comments below. Also which challenge resonates with you most?

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Don’t forget that you can also read the blog post on this topic if you prefer, just head over to https://ceoentrepreneur.com/insights/

Today you have been watching Part 1 of my series of 'Business Structures and Essential Functions - Solopreneurs: Business Structure And Essential Functions For Small Businesses | Part 1: Solopreneurs -    • What Are Business Structures And Esse...  

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ABOUT ME
Hi! I’m Dr. Tamer Shahin, the Founder & CEO of CEO Entrepreneur, where we help small business owners scale their businesses, without sacrificing their lifestyle, wellbeing, or freedom. I’m also a Serial Entrepreneur, TEDx speaker, Executive Coach, Consultant, Author, Speaker, Investor, and now… I'm a ‘YouTuber.’

I’ve grown several multi-million-dollar businesses from scratch. Some of these businesses were massively successful and others turned out to be catastrophic failures! Nonetheless, I picked myself up and learned a lot from all of my extraordinary success and catastrophic adversity.

Now, I’m taking everything I’ve learned and leveraging it to create this YouTube channel and help people like YOU scale your business to astronomical heights. Each week, I’ll be sharing tactics, tips, tools, and insights to help transform you into a “cool as a cucumber” CEO.

*Disclaimer*
Results are not typical nor guaranteed. You are responsible for your own actions and decisions. Neither Tamer Shahin nor CEO Entrepreneur can be held liable for any results you may or may not get as a result of decisions you take during or after watching these videos.

#BusinessStructure #BusinessEssentialFunctions #SolopreneurChallenges #CEOEntrepreneur #ScaleYourBusiness #HowToScaleYourBusiness