With more states starting to reopen for business, many small business owners are shifting into recovery mode. A big part of making it through this next phase for all businesses will be stretching whatever cash they have available and making sure they have a cushion for unpredictable emergencies. In one-person businesses and micro businesses, operating at peak efficiency will be the key to doing this.
For actionable ideas on how to do more with less, I spoke with Dan Faggella, 32, the Boston-based entrepreneur who founded a million-dollar, one-person business Science of Skill, an e-commerce site focused on martial arts, after running a martial arts dojo. He sold that site for more than $1 million and is now growing his next business, Emerj, an AI consultancy with three employees that serves customers such as the World Bank and the OECD.
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