Historical overview of Wealth building
- Wealth 1.0
When this nation was founded, 90% of citizens ran a family-owned business. Wealth 1.0 was land ownership. - Wealth 2.0
By the 20th Century, the industrial revolution changed everything. People traded freedom for the security of wages and benefits. 90% now work for a company. Wealth 2.0 meant working for Corporate America. - Wealth 3.0
The Rise of Small Business and return to 100% ownership. The 21st Century brought the Technology Revolution, the Wall Street crash and the mortgage crisis. Future success means pursuing a new wealth strategy: Wealth 3.0 is the rise of small business ownership.
Statistics at a glance
Service-based Franchises:- Grows at greatest rate.
- Offers largest net profit margin.
- Afford the greatest variety, with over 3,000 franchise companies in the U.S.
- Generate over $1.5 trillion in sales each year from their 800,000 franchised units *
- Produce 10 % of our private-sector economy*
Small business, including the above mentioned franchises:
- Represent 99.7% of all employers in the U.S.
- Employs over 18 million people.
- Pays over 45% of the U.S. private payroll.
- Account for 60% to 80% of all new jobs.
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