What is a Micro Business?

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