A one-person business? Yes, it can be done.

Anyone with enough funds, time, and focus can start their own business by themselves. From setting up to managing to running daily operations without relying on other employees, yes, it can be done, according to Robert Testagrossa. And not only can it be done, but it is a good way for people to dip their toes in the world of entrepreneurship without risking too much of their finances.

But like any company, personnel management is necessary to keep things afloat, especially for one-man businesses. Without discipline, people could easily see thousands of dollars down the drain each month if they do not manage their finances and workflow, notes Robert Testagrossa.

It’s important that people find the right business and business structure. Many entrepreneurs are wise enough to open their business as something on the side while holding on to their day job for better financial security.

But before even opening a business, people have to think about what venture to establish and how they will manage it. Knowing the business means knowing everything there is to know about the product or service that will be offered and the current market that buys, sells, or provides the same service or product.

As for business structure, Robert Testagrossa mentions that people will need to map out everything from logistics to operations, basically how the business will function.

Another important tip that Robert Testagrossa shares is to always separate personal and business funds. Suffice to say, not every dollar should go to the business owner. Not only will this help keep the business intact, but this kind of practice also spares business owners many troubles, including legal ones down the road.

Based in New York City, serial entrepreneur Robert Testagrossa is passionate about building businesses and is active in the software development, cryptocurrency, retail, and luxury hospitality industries. For similar blogs, visit this page.

business, finance, one-person business