38 min

Tiny Business, Big Money with Elaine Pofeldt Free Time with Jenny Blake

    • Entrepreneurship

For founders who value freedom, one question looms large: How do you keep overhead low while still generating abundant revenue? That’s what Elaine Pofeldt, self-professed “data nerd” is sharing with us today based on her new book, Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness. 
More About Elaine: Elaine Pofeldt Is an independent journalist specializing in Entrepreneurship. Elaine’s previous book is The Million-Dollar, One-Person Business, where she looks at how entrepreneurs scale to $1 million in revenue prior to hiring employees. Her new book is Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness. Elaine’s work has appeared on CNBC and in Fortune, Money, Forbes, and many other publications. She lives in New Jersey with her husband and four children.
Key Takeaways:

To scale a business while staying tiny, find a way to charge premium prices by providing unusual value.

Whether or not you have a team, it’s nearly impossible to scale without systems and automation.

One of the best things you can do for your business as it evolves and your life changes is stepping back and asking: “What can you remove yourself from?”


⭐️ Give yourself permission: to do less out of obligation and spend more time doing things out of love and joy. 

🔗 Elaine on the web: Website, Forbes, LinkedIn, Facebook, Instagram, Twitter

📘 Books Mentioned:

Free Time: Lose The Busywork, Love Your Business

Pivot


Four-Hour Work Week,

The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want

Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness


🔗 Resources Mentioned:


Free Time Toolkit, powered by Notion 


Alibaba 

Adobe Stock

Canva

Click Funnels

ConvertKit

Podia

TXT180


People Mentioned: 


Dana Derricks 

Jenna Kutcher


Jeffrey Stern, Voice Express Corp 


Brian Dean, Backlinko


Julian O’Hayon, BLVK Paris 


Laura Belgrave, Talking Shrimp


Tiffany Williams, Rich Girl Collective


Doug Wick, Positioning Systems


Vanessa and Kish Jeswani, Nomad Lane


Related Podcast Episodes: 

Pivot Episode 96: The Million-Dollar, One-Person Business with Elaine Pofeldt

Free Time Episode 16: IP Licensing with Lee LeFever

Free Time Episode 61: Scaling Boutique Businesses with Greg Alexander


🎁 Give yourself (and a friend) the gift of Free Time as we head into 2022: Preorder and submit proof of purchase to get early access to the audiobook as part of the Buy One, Get One, Give One holiday bonus!
❤️ Enjoying the show? The best way to thank us is by leaving a rating or review. Consider becoming a podcast BFF and you’ll get access to a monthly Q&A call with Jenny, along with a private feed and community forum for Heart-Based Business Owners..
💌 Subscribe to the Time Well Spent newsletter: http://itsfreetime.com/join
💬 I’d love to hear what’s on your mind! Take the Free Time listener survey
🗣 Submit a voice question or comment for future episodes: http://itsfreetime.com/ask
🎧 Make sure you’re subscribed wherever you listen to podcasts
📝 Check out full show notes and links from this episode and share it with a friend! https://itsfreetime.com/episodes/067
Learn more about your ad choices. Visit megaphone.fm/adchoices

For founders who value freedom, one question looms large: How do you keep overhead low while still generating abundant revenue? That’s what Elaine Pofeldt, self-professed “data nerd” is sharing with us today based on her new book, Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness. 
More About Elaine: Elaine Pofeldt Is an independent journalist specializing in Entrepreneurship. Elaine’s previous book is The Million-Dollar, One-Person Business, where she looks at how entrepreneurs scale to $1 million in revenue prior to hiring employees. Her new book is Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness. Elaine’s work has appeared on CNBC and in Fortune, Money, Forbes, and many other publications. She lives in New Jersey with her husband and four children.
Key Takeaways:

To scale a business while staying tiny, find a way to charge premium prices by providing unusual value.

Whether or not you have a team, it’s nearly impossible to scale without systems and automation.

One of the best things you can do for your business as it evolves and your life changes is stepping back and asking: “What can you remove yourself from?”


⭐️ Give yourself permission: to do less out of obligation and spend more time doing things out of love and joy. 

🔗 Elaine on the web: Website, Forbes, LinkedIn, Facebook, Instagram, Twitter

📘 Books Mentioned:

Free Time: Lose The Busywork, Love Your Business

Pivot


Four-Hour Work Week,

The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want

Tiny Business, Big Money: Strategies for Creating a High-Revenue Microbusiness


🔗 Resources Mentioned:


Free Time Toolkit, powered by Notion 


Alibaba 

Adobe Stock

Canva

Click Funnels

ConvertKit

Podia

TXT180


People Mentioned: 


Dana Derricks 

Jenna Kutcher


Jeffrey Stern, Voice Express Corp 


Brian Dean, Backlinko


Julian O’Hayon, BLVK Paris 


Laura Belgrave, Talking Shrimp


Tiffany Williams, Rich Girl Collective


Doug Wick, Positioning Systems


Vanessa and Kish Jeswani, Nomad Lane


Related Podcast Episodes: 

Pivot Episode 96: The Million-Dollar, One-Person Business with Elaine Pofeldt

Free Time Episode 16: IP Licensing with Lee LeFever

Free Time Episode 61: Scaling Boutique Businesses with Greg Alexander


🎁 Give yourself (and a friend) the gift of Free Time as we head into 2022: Preorder and submit proof of purchase to get early access to the audiobook as part of the Buy One, Get One, Give One holiday bonus!
❤️ Enjoying the show? The best way to thank us is by leaving a rating or review. Consider becoming a podcast BFF and you’ll get access to a monthly Q&A call with Jenny, along with a private feed and community forum for Heart-Based Business Owners..
💌 Subscribe to the Time Well Spent newsletter: http://itsfreetime.com/join
💬 I’d love to hear what’s on your mind! Take the Free Time listener survey
🗣 Submit a voice question or comment for future episodes: http://itsfreetime.com/ask
🎧 Make sure you’re subscribed wherever you listen to podcasts
📝 Check out full show notes and links from this episode and share it with a friend! https://itsfreetime.com/episodes/067
Learn more about your ad choices. Visit megaphone.fm/adchoices

38 min