Apr

1

‘I told you so’ is obnoxious, isn’t it?

April 1, 2008 |

If I had been thinking, I would have recorded this somewhere but …

How many years now have I been complaining pointing out that the Census Bureau needs to update its thinking if the researchers there believe a nonemployer business cannot possibly make in excess of $1 million a year unless it’s an affiliate of some larger company?

Census is free to ignore me, of course. But it seems that I’m not the only one who has noticed this phenomenon.

For starters, you had Jim Fairchild. Jim runs Coggin & Fairchild Environmental Consultants and was the first nonemployer business to ever land a spot on the Inc. 500.

And now, Information Week is writing about solo entrepreneurs and the surprisingly full buckets of money those lifestyle businesses that people used to sneer at can make.

Think they’ll stop sneering now?

They make a lot more money than the typical microbusiness does but they are also determined not to saddle themselves with a large cumbersome organization … still very much a micro-mindset.

Now, here is my question: now that people are starting to notice that it really is no longer necessary to enlarge your organization in order to make a lot of money, will they stop sneering at microbusinesses for long enough to support the microbusiness way of growth?

After all, microbusinesses may not create jobs but they do create the work that keeps other self-employed folks busy. And somebody needs to support self-employment because anybody who is paying attention understands that it’s the wave of the future.

So, these folks are making their way into the mainstream business press. Next up: how long before policy makers notice and, maybe, start to ‘get it.’

Stay tuned.

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1 Comment so far

  1. Tuesday Links for 4/1/08 « Entrepid on April 1, 2008 11:05 am

    […] Dawn Rivers Baker of The Journal Blog points out the phenomenon of microbusinesses with big revenue.  Now, here is my question: now that people are starting to notice that it really is no longer […]

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