A couple of hundred thousand a year is a pretty nice goal for anyone – and for many business owners this is possible.
More than that and you are going to have to start taking a lot more risks. Basically you’ll need a great product and enough staff to sell and support it. You’ll probably refinance your house a few times, put your marriage/relationships at risk, and destroy your health. Work life balance is not an option if you really want to chase a 7 figure income.
For the majority of business owners out the business model doesn’t support a million dollar income, no matter how hard they try. On the other hand, once you set up a normal business and have a steady customer base then you are doing just fine. There’s nothing wrong with not being the next Bill Gates after all.
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