There are two million small businesses in Australia. All of them started with big dreams. Maybe to grow a business, sell and retire or to buy a yacht and sail around the world, or a holiday home in Noosa for the family.
In the US, only 0.1 per cent of 28 million small businesses have annual incomes of more than $1 million. In Australia, this figure is a little higher. So what are the steps to breaking that magic million?
Having built three successful businesses with no venture capital and grown them to a million dollars within three years, here are my five steps to building a $1 million business.
Via The Learning Factor