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.I see the potential for these to become big business in this entrepreneurial and struggling economy. According to The Association for Enterprise Learning in Chicago, microbusinesses added more than 2.5 million jobs to our economy in the last two years. Microbusinesses are usually run out of the home, and range the gamut of consulting services to e-commerce.
To read the full, original article click on this link: Startup Professionals Musings: With a Microbusiness, You Can Skip the Investor
Author: Martin Zwilling
