5 Revenue Streams for Your Solo Business

Jan 31, 2023

The common misconception from folks thinking about leaving corporate is I can’t because I am not an entrepreneur.

I have outlined 5 potential options for folks considering a corporate exit 

“I don’t know how or I don’t want to build a company” are a couple of main blockers holding people back

The good news is you don’t have to be a traditional entrepreneur to go solo or become the CEO of 1

Below are just a few paths if you are considering exiting:

1️⃣ Consulting- do the work you are doing today for a fee (great way to get started but not the only way)

2️⃣ Fractional Roles- this used to be just CMO or CRO but every function is now open for fractional work 

3️⃣ Service Business- offer services around your knowledge and experience

4️⃣ Coaching/Advising- 1:1 or small group. 

5️⃣ Franchise- use your skills and invest into a franchise. The benefit is that good franchise systems provide the support you may need as a new business owner

All have pros and cons.  Take the time up front to build you unique plan and don’t do it alone.

The key is to gain momentum and learn in the early days

Happy to connect with anyone interested in learning more