The average annual revenue of
businesses with less than 5 employees is $387,000.
Source: Intuit QuickBooks and the US Small Business
I admire one profession above all
other - small business owners.
Growing up working in my
Dad’s body shop and wrecker service, I learned at an early age
what an incredible amount of time, money, effort, sacrifice, and
dedication it takes to succeed as a small business owner.
He used to say that whether a small business owner is worth
$100, or a $100 million, they’ve earned every penny of it.
Having owned my own company for 29 years, I'm constantly
reminded of how all of these principles stay the same.
Small business owners do so much for society, yet receive so
little credit for it.
According to the Small Business
- 97% of all U.S. exporters of goods are
- Small businesses produce 13 to 14
times more patents per employee than large patenting firms
- About 130,000,000 Americans are employed by small
- Small businesses create 60% to 80% of the
- Small businesses represent more than 99.7% of
This is why I love meeting so many small
business owners in our seminars and then getting to know them in
our Gold Inner Circle for Managers.
I’ll never forget a
32-year-old woman named Amanda, who owns a commercial cleaning
service in Moline, IL.
When she was 14, she wanted a pair
of designer jeans. Her Dad couldn’t afford them, so she got a
job at a Greek restaurant where she took orders, made the meals,
and cleaned up afterward.
After working 8 hours to pay
for that pair of jeans, she learned to appreciate the
relationship between working hard and getting what you want.
Like most entrepreneurs, she’s gone for long periods of time
without paying herself so that she could pay her employees.
She came to the seminar because she was frustrated with
employees who milk the clock, “don’t know how to use a broom”,
and one who quit and then got unemployment benefits.
Amanda explained that cleaning other people’s toilets was not
what she dreamed of doing for a living, but she does it well
because “service sells”.
AND she’s happy.
perfect example of what it takes to succeed as a small business
owner, and why this newsletter is named “Work is Not for
To Your Success,
And did I mention Amanda was pregnant when I met her? Yet
she was still putting in 80 hours a week.
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