Everything Is Kapaimum Business Blog: Entrepreneurship

Showing posts with label Entrepreneurship. Show all posts

Monday, April 17, 2017

I know we all want to do important things. We all want to work on important products, start important companies and accomplish tasks that could change the world and have an enormous impact. I see this in entrepreneurs and the tech community more than anywhere else.

The question we ask, whenever we hear about a new business or idea, whether it’s renewable energy or a messaging app or a fucking hamster sled, is this:
Will it scale?

Small Business Facts

A small business is defined as an enterprise that has fewer than 500 employees. So technically, that kid who opens his lemonade stand on the corner every summer is a small business owner. Except…
In order to be subject to federal income taxes, a small business must have annual business receipts of $1,000. So much for Billy’s lemonade stand. However, rather than gnash your teeth every tax season, be glad you made enough income to file!
There are nearly 28 million small businesses in the U.S. Of those 28 million, a full 22 million consists of one lone employee. Finally—a way to make money from being anti-social!
Over 50 percent of the 120 million Americans in the workforce works in a small business. That means that the plumber you called to fix your pipes last week who can’t even afford a belt to hold his pants up is probably a small business owner.
In 2009 a small business filed for bankruptcy every eight minutes. You probably didn’t notice, however, with the whole Harry Potter and the Half-Blood Prince craze that year.