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How To Hit One Million Dollars Revenue In Your Small Business
A No-BS Approach That Is Realistic for Service-Based Experts
First off, know that hitting one million dollars is the exception.
SBA’s 2022 report says that small businesses with no employees have an average annual revenue of $46,978.
Only 9% of small businesses reach $1 million or more in revenue.
According to the United States Census Bureau, most U.S. businesses have fewer than five employees.
Small businesses account for 99.9% of all U.S. companies.
In this world of fakers, these numbers should sober you up.
So next time some wonker posts that he is making 40k or 100k per month as a solopreneur, you will know that most of them are full of s@#…
It is tough to hit the big numbers. Remember that business owners who do must also deduct their expenses. Having a team can quickly add up. Add in taxes, and some business owners don’t have enough left to pay themselves. Always look at profit over revenue.
Cash flow is the number one reason businesses fail.
I specialize in broke coaches, consultants, and single-member business owners. At least they start this way. Because they don’t want to take the route of lying about…
