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.
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.
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — Transforming Today’s Bad Jobs into Tomorrow’s Good Jobs
Wearables — Hot glue free zone
Electronics — Have you met Charlie?
Biohacking — Ticks are Spreading an Allergy to Meat
No comments yet.
Sorry, the comment form is closed at this time.