55K revenue? What were his actual profits? Does he pay taxes? Respect to the guy for making a living and taking care of his family, but the piece makes him out to be making a killing when I suspect the reality isn't that inspiring.
This obviously assumes 100% sell through and that he just stocks those lower margin items for people that will not buy the M&M's. You could probably knock a few grand off the 45K number and get pretty close. The trouble is, that is not that much money in NYC. Thus, he may still be living in the hood, but at least he is controlling his own destiny :)
I don't think it makes any indication of whether he's making a "killing" or not. The only thing that can indicate that is the $300 kicks, which are more likely to be his personal indulgence than reflective of everything.
The amount of money he makes isn't what's inspiring. What's inspiring is the fact that he had two choices - wait for something good to happen to him and blame others or take responsibility for things and make them happen by himself. Thats what's inspiring.
"While it might frustrate some to learn that the man who hectors subway riders to buy a granola bar is making more money than many of those commuters"
In my opinion, the article is implying this guy is making pretty good money but they've left out all the important details. As I said, I respect the guy for making a living and it's nice to put some numbers to what these guys earn (I've always wondered), I just take issue with what I see as a bit of embellishment and misrepresentation on this particular success story.
Presumably the bank tellers are W-2 and their employer pays payroll taxes, while this guy is paying his own payroll taxes. If you've ever done 1099 work, you'll know that the government takes pretty much all of your 1099 money.
