My First Attempt at One Million Dollars a Year as a Solopreneur

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The first time that I tried to make a million dollars in one year as a solopreneur didn’t go exactly as I thought it would.

I didn’t make a million dollars in one year, but I did make a million dollars over the course of two years.

What I now know to be true is that our success goes up with each attempt, and even if we don’t hit our goal the way we expected, we often find ourselves reaching farther than we ever would have without the effort.

I hit my goal that second year by working smarter.

I worked fewer hours than ever before.

I was becoming a millionaire solopreneur, all without selling a product, using AI, or outsourcing my work.

I stopped giving my time to clients that always had something on fire, didn’t have basic boundaries, were highly unorganized, or thought that good marketing could replace a poorly operated business.

I asked the clients that I really liked working with for more money on my contract.

I also sold two properties that I had bought with the money I made from my clients for five-figure and six-figure returns.

One of those payouts was a check for $183k.

As a solopreneur, that was a very good day.

By the end of those two years, my bank accounts were big enough to take away the financial anxiety that was always in the back of my brain.

Now that I wasn’t stressed out daily by clients that didn’t know how to run a business, I was left with high-level communication from professionals that I respected.

Every dollar was hard-earned.

The houses that I sold were the result of a lot of moments alone spent mowing, hammering, replacing, and painting.

What happened as a result of those years changed my life and my confidence.

Nobody owned me anymore.

I had six figures in savings.

Outside of my mortgage, I had zero debt and paid off my credit cards daily.

If I ended a few contracts, it would have had no impact on my daily life.

If disaster struck, I had a safety net.

My life felt different but didn’t look different from the outside.

I didn’t buy myself something fancy to celebrate.

I didn’t take one day off work or go on vacation.

But it let me finally recognize my worth and know that I didn’t have to stay in situations that only served me out of financial necessity (rent money, groceries, gas in my car).

I believe that everyone should be able to work from a place of creativity instead of a place of financial instability.

Set a big goal and go for it.

The results might look different than you expected, but that might end up being the very thing that positively changes the course of your life forever.



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Stephen J. Bailey, The Stay Ahead Solopreneur

I’m Stephen J. Bailey, The Stay Ahead Solopreneur™ ($7.2M) — creator of Eliminate Meetings™ and a leader in helping entrepreneurs, solopreneurs, and corporate teams reclaim time, focus, and freedom while increasing profit.

https://stephenjbailey.com
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