Million-dollar One Person Biznizzs on the Rise

From Forbes Mag:

For most people who start a one-person business, riches don’t follow. The U.S. Census Bureau’s recently released annual report on “non-employer” businesses found that there were 22.5 million “nonemployer firms” in 2011. They had average revenues of $44,000. That’s in the ballpark of the average annual wage in the U.S. of $45,790, though, of course, any overhead the owners must pay comes out of their revenue.

Photo credit: Wikipedia

But for some of these one-man or one-woman shops, running a microbusiness  is very lucrative. If you’re thinking about going into business for yourself, and worry about how you’ll pay the bills or support your dependents, you may find these statistics about non-employer firms inspiring. Typically, the businesses in this study were sole proprietorships, but a small percentage were partnerships and corporations.

* 1.6 million owners rang up sales in the the $100,000 to $249,999 range (up from 1.5 million in 2010)
* 484, 479 had sales from $250,000 to $499,999 (up from 453,694 in 2010)
* 209,415 had sales between $500,000 to $999,999 (up from 198,755 in 2010).
* 26,744 had sales between $1 million and $2.49 million (up from 24,945 in 2010)
* 1,723 had sales between $2.5 million and $4.99 million (up from 1,618 in 2010)
*368 had sales of $5 million or more (down from 442 in 2010).

As you’ll see, the numbers of nonemployer firms in most of these categories are rising, and there was a significant bump in those breaking the $1 million mark.
It doesn’t surprise me. I’ve been noticing an increase in million dollar, one-person and home-based businesses in my reporting....  Go to link for complete article. 

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