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The Million Dollar Solo Practice

The Million Dollar Solo Practice

What my communities help develop, from The Daily Stat of the Harvard Business Review, courtesy of Cliff Eslinger:

May 07, 2014

 

Yes, You Can Have a Million-Dollar Business with No Employees

 

Census figures show that the number of one-person businesses in the U.S. with revenues between $1 million and $2.99 million rose 10% year-over-year in 2012 to more than 29,000 firms, Forbes reports. Most are professional, scientific, and technical-services companies, but retail and construction firms are well represented too. Still, such companies are rare: Firms with sales over $1 million make up far less than 1% of the nation’s 22.7 million nonemployer companies, for which the largest revenue category is$10,000 to $25,000.

Written by

Alan Weiss is a consultant, speaker, and author of over 60 books. His consulting firm, Summit Consulting Group, Inc., has attracted clients from over 500 leading organizations around the world.

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