Who Is Going To Find The Next Billion-Dollar Business For Someone?
Key Sentence:
- Most million-dollar businesses don’t start like this in the first year.
- As an alternative to your day job, you start so many independent businesses and then increase over time to six or seven-figure sales.
This is often Next Billion-Dollar Business the result of leveraging what one can do by hiring a contractor or service provider to assist, outsource, or deploy automation.
You are a business like:
Babysitting Company, where founder Rachel Charlupski compares babysitters across the country to customers in need of childcare. Shave engineer Elizabeth Davis makes high-quality shampoos and hair care products and sells them to the following she has built on Instagram.
Ocean Audit, Next Billion-Dollar Business founder Steve Ferreira spotted a significant error in an invoice sent by a shipping company to a retailer, collected additional fees and a 50% commission on the store’s behalf. The Census Bureau data provides an exciting window into the growth of non-employers – those with no employees but owners – who have or have the potential to generate $1 million in revenue.
Elizabeth Davis, founder of Shedavi.
Elizabeth Davis, an educational engineer, started a seven-figure business selling hair care products. Consider this data from 2017, the last year for which new information was available.
As for the breakdown of the $1 million revenue, there are:
· A total of 40,000 companies
· 5,100 women-owned businesses
· 1,800 veteran-owned businesses
1,100 black or African-American-owned businesses
· 2900 Asian businesses
· 30 local companies from Hawaii or other Pacific islands.
These owners are top athletes in the micro-business world who are overweight because of their strong focus on doing practical things. The data gets even more interesting in the just under $1 million category – companies with huge potential to generate seven-figure sales with very little TLC.
Companies with revenues of $499,999 to $999,999 include:
· A total of 265,000 companies
· 34,500 women-owned businesses
5,300 black or African companies
· 20,000 Spanish companies
· 150 other local Hawaiian or Pacific companies.
Next high potential category, $250,000 to $499,999 companies. In this group, you will find:
· A total of 599,000 companies
· 98,500 women own businesses
· 27,000 veteran-owned businesses