Micro-Businesses on the Rise

David St. Lawrence at Ripples writes about the growing importance of micro-businesses. He has an entire series of posts on micro-businesses that you really should check out.

Micro-businesses are a segment of the small business market. St. Lawrence defines them as businesses that do less than US$1 Million in sales per year. Many of them are home-based businesses.

According to St. Lawrence, more people are starting micro-businesses for the excitement and challenge. They want to be their own bosses and are seeking refuge from the frustrations of the Corporate world.

He says the numbers of micro-businesses will continue to grow:

“…I believe that micro-businesses will continue to grow in number and importance because being self-employed allows people to balance work and family in a way that is usually impossible as a salaried employee with a full-time job.

I agree with David’s comment, and I also think there are a number of interrelated factors driving the growth in very small businesses. One such factor in the United States is demographics: the aging Baby Boom population. A significant portion of the population now has the experience, business knowledge, confidence, and financial reserves to opt out of the Corporate world and start their own businesses.

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Anita Campbell

Anita Campbell Anita Campbell is the Founder, CEO and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses.

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