(smallbiztrends.com) The U.S. Census has new statistics out — and they show that the numbers of single-person businesses are booming. There are now over 20 million such businesses, based on the most recently available data as of 2005.
To be exact, the United States has 20,392,068 single-person businesses. In the space of three years, 2.7 million more people became the owner of a “business of one.â€
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For the past three years the number of single-person businesses has grown each year between 4% and 5%. That means the single-person businesses grow faster than the rate of growth of the U.S. population as a whole (which grows at about 1% a year according to the U.S. Census). (more…)
Having owned businesses with and without employees, I must say that having your spouse as the other employee is by far the best thing we could have done. My hope is that as our children get older, they would choose to work along side us for their summer jobs.
This is how you build family legacy!
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