P U B L I C A T I O N S
Why Most Businesses Never Cross $1 Million — And How to Escape the Self-Employment Trap
Every entrepreneur starts with the same dream — freedom, impact, and financial independence. But the numbers tell a sobering story: most small businesses never grow beyond survival mode. According to NAICS Association’s national dataset of over 17.7 million U.S. businesses, nearly:
- 78% produce less than $500,000 revenue per year
- 87.9% produce less than $1 million revenue per year
- And only ~1% exceed $10 million revenue per year
That means fewer than 1 in 10 business owners will ever break the seven-figure mark — and fewer than 1 in 100 will reach eight figures. Even more striking: the JPMorgan Chase Institute’s study “Scaling to $1 Million” found that only a small fraction of small businesses reach $1 million in revenue within their first five years — regardless of owner experience or motivation. And among the tens of millions of non-employer businesses (solo entrepreneurs, freelancers, side hustlers), only 0.4% ever cross $1 million in annual sales. Let that sink in. Out of roughly 30 million solo businesses in the U.S., fewer than 120,000 ever make it to that milestone.
The Self-Employment Trap Is Real
If you’ve been running your business for years and still feel stuck — you’re not alone. Most entrepreneurs fall into what I call the Self-Employment Trap. It’s the illusion that simply working harder or surviving another year will eventually produce growth.
But growth isn’t automatic. You can’t just “wait your way” to $1 million. Even businesses with a few employees can still be trapped here — because hiring help doesn’t equal scalability. If the owner is still the bottleneck for every decision, sale, or creative move, the business hasn’t truly grown; it’s just multiplied the workload.
What actually happens is that many owners end up trapped inside their business — wearing all the hats, doing all the work, and mistaking motion for progress.
The business provides some income, but not freedom. Some stability, but not scalability.
They’ve built a job, not a company.
That’s the tragic reality behind the statistics.
The Turning Point: Mindset, Skillset, and Structure
Breaking through the $1 million ceiling requires conscious transformation. That’s the foundation of the Lemonade Maker® Journey — a proven framework built from real entrepreneurial experience and data.
Milestone 1: The Mindset Shift
The first step is recognizing that your business will not grow on its own. Data makes this undeniable. You must choose to shift from survival to strategy. It’s about realizing that growth is a skill — not a side effect.
Mindset shift means asking: “What got me here will not get me there.”
Until you acknowledge that truth, you stay stuck in the trap.
Milestone 2: Level Up Your Business Aptitude
Once you’ve shifted your mindset, the next step is upgrading your skillset — because business growth isn’t luck, it’s literacy. There are three critical areas where most entrepreneurs have hidden gaps:
- Innovation Strategy – Learning how to think differently, spot hidden opportunities, and turn ideas into leverage.
- Marketing Strategy & Implementation – Understanding how modern marketing actually works — technology, AI, persuasion, and systems that attract leads automatically.
- Business Systems Development – Replacing chaos with structure: processes, automation, delegation, and measurement.
These aren’t optional. They’re the missing links between a business that works because of you and a business that works without you.
Milestone 3: From Mad Hatter to CEO
The final transformation is identity. In the Lemonade Maker Method™, we call it escaping Mad Hatter Syndrome — that frantic stage where you’re wearing all the hats, trying to do everything yourself. Once you’ve shifted your mindset and built new skills, you can finally evolve into the true CEO of your company.
You stop
being
the business — and start
building
the business.
You trade exhaustion for leadership, chaos for clarity, and hustle for scale.
That’s when you reclaim the freedom that made you start in the first place.
Where You’re Going: Freedom, Profit, and Legacy
The goal isn’t just hitting $1 million in revenue. It’s building a business that creates life-changing profit, time freedom, and legacy. The entrepreneurs who cross that line aren’t the ones who got lucky. They’re the ones who got strategic. They faced the data, broke the old patterns, and rebuilt their business on innovation, marketing, and systems — the same pillars we teach inside Lemonade Maker Strategies.
Take Action
If you’re feeling stuck, you’re exactly where the transformation begins. Book a free strategy call with me, Thomas Minieri, and we’ll:
- Expose the traps keeping you stuck
- Identify the gaps in your marketing, innovation, and systems
- Map a clear path to help you scale past $1 million — and beyond!
Most businesses never make it there, but yours can — if you decide to.
👉 Free Webinar: The Self-Employment Trap
Sources
- NAICS Association, Counts by Annual Sales 2024 (naics.com)
- JPMorgan Chase Institute, Scaling to $1 Million in Revenue (jpmorganchase.com)
- Forbes (2025), Number of Million-Dollar One-Person Businesses Doubles in One Year (forbes.com)

ABOUT THE AUTHOR
Thomas Minieri is the author of the cult-classic book Lemonade Maker. A self-made entrepreneur, innovation strategist, and digital marketing expert, he founded Lemonade Maker® Strategies— a modern business community designed to help entrepreneurs thrive in today’s age of technology and disruption.
With over two decades of experience, Thomas has built multiple 7- and 8-figure companies across franchising, digital strategy, real estate, event production, and innovation consulting—entirely without outside capital or debt. His work has been featured in Forbes, Entrepreneur, Fast Company, and more.
Known for his fearless creativity, culture-driven leadership, and tech-forward approach, Thomas has helped thousands of founders bring clarity to chaos and break the status quo to build something unforgettable.





