How to build a million-dollar business

Approximately 80% of all U.S. firms with employees have less than $1 million in sales, according to U.S. Census Bureau data. It’s a goal that most entrepreneurs would love to achieve, and one that frequently remains as elusive as it is attractive.  But it’s a brass ring well worth reaching for. 

 

“If they can get to $1 million, they reach a level of sustainability and have a much higher chance of survival,” says Sramana Mitra, consultant and author of the Entrepreneur Journeys series of books. 

 

Bnet.com recently spoke about the three biggest mistakes that entrepreneurs make when they’re starting and growing companies: failing to validate an idea, lack of capital and reckless hiring. 

 

Read about the mistakes – and how to avoid them – at bnet.com.