I wrote this article years ago but didn’t publish it. I wanted to get it out.
I was reading this post by Christoph Janz, on how to build a hundred million dollar business, and it got me thinking. Granted, his post is more geared towards technology startups, as encouraging more startup successes is good for his position as a venture capitalist, but it has a lot of good points. It made me wonder about different ways you could go about building a million dollar business, which might be helpful for others.
In order to create a million revenue dollar business, you would need:
- A: 10 customers per year paying you $100,000 per year.
- A: 0.83 customers per month paying you $8,333 per month.
- B: 100 customers per year paying you $10,000 per year.
- B: 8.3 customer per month paying you $833 per month.
- C: 1,000 customers per year paying you $1,000 per year.
- C: 83.3 customers per month paying you $83 per month.
- D: 10,000 customers per year paying you $100 per year.
- D: 883 customers per month paying you $8.3 per month.
- E: 100,000 customers per year paying you $10 per year.
- E: 8,333 customers per month paying you $0.83 per month.
In order to create a > six-figure business, you would need:
- A: 10 customers per year paying you each $10,000 per year.
- A: 10 customers per month paying you each $834 per month.
- B: 100 customers per year paying you each $1,000 per year.
- B: 100 customers per month paying you each $84 per month.
- C: 1,000 customers per year paying you each $100 per year.
- C: 1,000 customers per month paying you each $9 per month.
- D: 10,000 customers per year paying you each $10 per year.
- D: 10,000 per month paying you each $0.84 per month.
- E: 100,000 customers per year paying you each $1 per year.
- E: 100,000 customers per month paying you each $0.084 per month.