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Is it possible to manage a business all by yourself?
No help whatsoever, only yourself.
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Smruti Ranjan’s Answer
One can do business all by himself only if he is a sole proprietor and has a mini business. But for big businesses lots of middlemen, employees and partners are required.
Thank you, this is really helpful.
Amrita Priyadarsini Nayak
Thank you so much, Smruti Ranjan!
Bandana
Thank you so much, Smruti Ranjan!
Baijayanti
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Elliott’s Answer
Yes, though it can be very business dependent. For example I would strongly not recommend trying to start a business as a hospital just on your own (that's probably wildly illegal and infeasible). On the other hand, if you want to sell your secret recipe doughnuts from a food truck, you may be able to manage that one on your own. One question you should ask yourself though is "why do you want to start a business as just yourself?" It can be a very lonely experience. Nothing against folks who do chose to run a business entirely on their own, but the people who you work with and get to know through working together in business can be some of the most meaningful relationships you make as an adult, so don't discount that! Even if it's just a business with one or two other partners, it's a great way to get alternative perspective and learn from others.
Jessica A. Robinson, MWP
Business Coach | Brand Strategist | Corporate Liaison | Special Events Expert
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Jessica A.’s Answer
Absolutely! I have done it for over 20 years, but it also depends on the type of business. O
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Noah’s Answer
Depends on the business. If you're doing some sort of service-based business like a private therapy practice, accounting firm or consulting then you can absolutely be the only one running it. That said, I recommend as your business grows and makes more revenue, you start to delegate or expand your practice to meet the needs of your business. If you want to start a business all by yourself, I recommend you learn the basics of personal finance, accounting (the language of business), and whatever discipline you're interested in starting your business in (e.g. coding, design, marketing, engineering, finance, etc.)