I’m hearing more and more these days about a new type of small business, called a “microbusiness” (or microenterprise). These are usually characterized as owner-operated, with five employees or less, and less than $250,000 in sales. With the low cost of e-commence entry, and powerful Internet technologies, they require minimal capital to start, perhaps as little as $500.
With a Microbusiness, You Can Skip the Investor
Posted by
martinzwilling under Startups
From http://blog.startupprofessionals.com 4907 days ago
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Comments
4907 days ago
It's true what you say that a microbusiness will grow slowly, but quite a few micros don't want to grow at all. They're happy staying small, because to grow would require more overhead expense and lower profits. Many micros are looking at their profit, not their top line. For example, if growth required moving out of a home office into a rented office, that would be an immediate reduction in profit. Many micros would not find that acceptable.
Deb