Welcome To The Era Of The Multinational Microbusiness
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Setting the stage for the billion-dollar, one-person business
Caplan believes the increasing ability of microbusinesses to hire contractors and use AI is likely to result in billion-dollar, one-person businesses.
“The global workforce, plus AI, makes it possible for a person anywhere to do business everywhere profitably,” he says. “It really is only limited by people’s imagination, creativity and product-market fit. Nothing is stopping a million-dollar business from being a billion-dollar business. It’s just about the network they build and the product-market fit.”
Sudhir Gupta, founder and CEO of EAU Deluxe, a global beauty and fragrance supplier based in Northern N.J., came to the U.S. from India for graduate school, discovered he loved collecting rare perfume bottles became a perfume importer, based in Northern, N.J. around his passion. He grew the business large enough to make the Inc. 5000 five times. He has used Payoneer when sourcing niche beauty products from Europe, finding it makes it possible for him to pay suppliers.
Although Gupta never went on to pursue his master’s degree, he believes that he’s much happier turning his passion into a business. “I’m doing something I would have never done otherwise,” he said. Global trade has fueled it.
Read the whole article here: https://www.forbes.com/sites/elainepofeldt/2025/04/29/welcome-to-the-era-of-the-multinational-microbusiness/
