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.
Hop on over to my Micro Business For Teens website (even if you’re not a teenager) to learn more!
Carol Topp, CPA
