One-person businesses

Are you for or against Big Business? Whatever your stance on the subject, you should do well to read this post.

One-person businesses are the new boom. Instead of having organizational structures that bear the weight of large amounts of people, the new economy thrives on having decentralized responsibilities in the form of one-person businesses.

Paul Kedrosky says it well on his latest post The Rise of the People-Less Business, when he quotes:

Personal businesses are a surprisingly large part of the Americaneconomy. According to the U.S. Census Bureau, at the end of 2004 almost20 million Americans operated businesses with no employees. Businesseswithout a payroll make up over 70% of the nation’s businesses, andalmost one million new businesses without payrolls were added in 2004(the latest available data).

This trend is not only circumscribed to America.

Oh, I found this interesting tidbit of information through LinuxToday.