Walton is part of an exciting trend in the U.S economy: the growth of ultra-lean businesses that are hitting and exceeding $1 million in revenue at a stage when they have no employees other than the owners. |
According to new statistics released by the U.S. Census Bureau, there were 30,174 "nonemployer" firms that brought in $1 million to $2,499,999 in 2013. That's up from 29,494 in 2012 and 26,744 in 2011.
Some of these million-dollar businesses are inspired by writers such as outsourcing guru Tim Ferriss, author of The 4-Hour Workweek, and MJ DeMarco, author of The Millionaire Fastlane--whose book on entrepreneurship Walton says changed his life. |
"It trains you to shift the way your brain thinks from a consumer mindset--"I'm going to spend all this money I don't have" -- to a producer mindset, where you provide value to other people and in return become valuable," he says.
How Bold Entrepreneurs Are Breaking $1 Million In One-Person Businesses - Forbes