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The Rise of the People-Less Business

Written by: Paul Kedrosky

Article Overview: Some fascinating data out in a new Intuit/IFTF study on small business. One factoid that caught my eye right away was on the rise of "personal businesses", the kind of one-person shows that helped drive the adoption of Ebay, Adsense, etc.

The Rise of the People-Less Business

Some fascinating data out in a new Intuit/IFTF study on small business. One factoid that caught my eye right away was on the rise of "personal businesses", the kind of one-person shows that helped drive the adoption of Ebay, Adsense, etc.

"Personal businesses are a surprisingly large part of the American economy. According to the U.S. Census Bureau, at the end of 2004 almost 20 million Americans operated businesses with no employees. Businesses without a payroll make up over 70% of the nation’s businesses, and almost one million new businesses without payrolls were added in 2004 (the latest available data)."

[via Intuit/IFTF]

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Article Tags: adoption, american economy, census bureau, ebay, factoid, intuit, new businesses, one million, payroll, small business, u s census, u s census bureau



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