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.

❓ 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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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

[CEOEntrepreneur]

Download FREE Functions & Structure Doc & Worksheet:

[khanpharmacy]

Challenges of Solopreneur
1.Overwhelmed and burnout
2.Lack of funding
3.Poor cash flow
4.Underpricing
5.Lack of systems and processes
6.Lack of a solid vision or strategy
7.Lack of a unique value proposition on early stage.
8.Delegation
9.Hiring

[HouseOfMoy]

You are soooo awesome..every video on YT only shows marketing, ads, sales, and so on but never seen no one on YT break down when to hire in your business and on. These are the videos thats really going to help. You are a true gift please dont stop 🎉

[jasmineweiss]

This is exactly how I feel! So I’m searching for solutions now to combat the solo overwhelm.

[justinarosu]

I'm really curious to see the difference between solopreneur, micro and small, I'm not sure which of these I am, I think I'm micro or small since I have a small team already. Love this - thanks again for such a fab video.

[CEOEntrepreneur]

What stage of business are you? Solopreneur, micro, small, medium, large? Also which of the 9 challenge resonates with you most?

[maryelizabethcallan]

This was very a very helpful video, thanks, Tamir! I’m running a nonprofit “solo, ” and this hit the nail on the head as to why I am quickly getting myself to the state of overwhelm. I feel like I’m changing the tires while I’m driving the car! I’m definitely going to watch the rest of this series. Thanks again!

[biancacurry]

Thank you for the clarity, the way you break things down piece by piece is extremely helpful. You hit on every point!

[afterhoursbarbershopHTX]

Thank you for taking the time to teach us the a lot about business, I need it to understand a lot of the subjects your talking about.

[adonaiblackwood]

Yes! Great video! Thank you & cheers to all the entrepreneurs out there! 🦾

[lukewatkinsofficial]

Just discovered your channel. Time to start binging. You had me with the Extras reference...

[cattessy]

OK buckaroo thank you for the advice 😉

[YingShanKhoo]

This was super helpful! Definitely am doing a lot of this and that and the other! Thanks for clarifying what I'm going through.

[AnuragSaxenaYoutube]

One of the best yt channel I have ever come to know. Very high quality content. ❤

[RebeccaLynn-ruve]

Travolta and the empty wallet gave me a laugh. I gave you a subscribe for the helpful content.

[jizelleacuin]

Thank you for this super informative video! This is helpful for someone like me whos on the stage of starting my small business! Love your channel! More videos please 😊

[MuhamadSalahuldin--]

It's interesting how many jobs a solopreneur needs to be doing. I still remember your "hat" analogy for the different roles of a solopreneur, no surprise, it requires a lot of discipline to become one. 😅
Wonderful video, as always! ❤

[gianlozano]

This video is jam-packed with useful information, thanks a lot.

[SunblaKhan-lkol]

What a comprehensive breakdown of the essential functions and challenges of being a solopreneur! As a solopreneur, I can relate to the challenges in this video. However, one challenge that should have been mentioned early is the hassle of invoicing and expense tracking. That's why I highly recommend investing in an invoicing tool like InvoiceBerry. It's a small investment that can save you time and money in the long run.

[ryanangeloverbo]

Great information, I'll be waiting for part 2.