modernmonk
New Contributor
Recently I was reading an article that showed the number of companies in different revenue ranges in the US. Here's the data:
$0 to $25M -- 5,640,800
$25M to $100M -- 62,968
$100M to $250M -- 211
$250M to 500M -- 572
$500M to $1B -- 1,069
It's interesting to see how in the 8 figure range there's almost 62k businesses, but in the 9 figure range there's barely 2k. So what's the difference between a business doing 7 figures in revenue, 8 figures in revenue and 9 figures in revenue?
Is it the founder's drive? Their business model? Or a combination of all? Would be interested to hear your thoughts on this, as well as what "type" of businesses you'd think are generally in the 7 figure vs 8 figure vs 9 figure.
$0 to $25M -- 5,640,800
$25M to $100M -- 62,968
$100M to $250M -- 211
$250M to 500M -- 572
$500M to $1B -- 1,069
It's interesting to see how in the 8 figure range there's almost 62k businesses, but in the 9 figure range there's barely 2k. So what's the difference between a business doing 7 figures in revenue, 8 figures in revenue and 9 figures in revenue?
Is it the founder's drive? Their business model? Or a combination of all? Would be interested to hear your thoughts on this, as well as what "type" of businesses you'd think are generally in the 7 figure vs 8 figure vs 9 figure.
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