Micro business differ from small businesses in several ways. Their unique descriptors are:
-
Simple and fast to start up and to close down if you need to.
-
No employees. Only one worker, the owner.
-
Sole proprietorship (only one owner, no partners).
-
Little start up money needed or completely debt free.
-
Usually home based.
-
Low risk. You’re not in this to lose money.
-
Manageable. You can still have a life, be in sports, youth group, and finish your homework.
-
Learn a lot while earning cash.
Notice I didn’t say anything about micro profits! You can earn a lot of cash with a micro business.
Carol Topp, CPA
Related posts:
