Micro-enterprise

History

Micro-enterprise?s have been existence for a long time but usually were confused with small business.

Definition

1. A small businessstarted with as little capital as possible. Also known as a "Micro-business". Also see Self-employment

2. The more recent definition of Micro-enterprise it has been used to describe a therapeutic tool in the context of self-determinationfor persons who have a disability.

Concept

Utilized as a therapytool it has become invaluable to persons who for a myriad of reasons cannot efficiently participate in typically rigid work environments, i.e. 9-5/40 hours a week.

Micro-enterprise gives people whom have a disability flexibly to attend doctor?s appointments and treatments that normally occur in the 9-5 time frame of the day.

Theory?s on starting a Micro-Enterprise

Each of us has had an idea to start a Micro-Enterprise.

Although the idea may be as big as Fordor Toyota, most of us lack the capital to start that big and just shelve our idea.

Small businessesare frequently started to large without proper forethought and planning, this helps account for their frequent failure rate.

Think small and grow from there. Start with what you have and spend as little as you can until you have customers. This is when learning is critical: learn to keep your customers happy and coming back. These early customers are the most important aspect to your Business growth. Customers have frustrations and you as a business ownerhave the ability to reduce or eliminate that frustration.

A few easy steps to starting a Micro-Enterprise

One: Write out a plan. Two pages minimum of how to provide a service or a product that people will pay for.

Two: Sell relief, customers want relief from many things: thirst, hunger, boredom and more relief providing solutions are needed each day.

Plan for Achieving Self Support/"PASS Plan"

Plan for Achieving Self Support A program offered by SSAto encourage persons SSIeligable in the USA who are disabledto set aside moneys for various reasons: Training, Schooling and including funding Micro-enterprise as a Work Goal.

External links

• entrepreneur.com
• score.org
• Small Business Administration.gov
• Association for Enterprise Opportunity (AEO)
• micro-enterprise.com
• bCentralEverything you need to know about starting up and running your own small business in the UK. Advice on technology, marketing, finance and people management.
• PASS Plan
• ssa.gov

Micro-Loans

• Pass the BreadNo longer in practice.
• AccionNon-profit organization dedicated to providing loans to self-employed. One of the largest Micro-Finance organizations.

This article is licensed under the GNU Free Documentation License.
It uses material from the http://en.wikipedia.org/wiki/Micro-enterprise Wikipedia article Micro-enterprise.