Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...

Entrepreneurs' Day 2016 on the 15th was outshined by politics, climate change discussions and so much more.  That is a real shame since small business is the backbone of this Country.

Entrepreneurs' Day - In my world it is Entrepreneurs' Day every day! I think, sleep and breath Entreprenuership...

Sponsors

Paid2Save Click or Call Bill Toth (716) 345-1888
If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
 
Resource Center > Article
Taking A Closer Look at Today’s Micro-Business Owners...
16 Oct 12 Posted by: Kathleen C Lanza
in In The News
Share this Article:

There’s been a lot of talk as of late about small businesses, what they need and what they contribute to our nation’s overall economic well-being, but what about the smallest of the small businesses in society, the so-called “micro-businesses?” What, if anything, do we know about them?

Well, first of all, we know the term “micro-business” describes many business opportunity, distributorship, licensee opportunity and small franchise owners. These smaller shops are oftentimes home-based and employ ten or fewer employees, including those that are run by just one person—namely, the owner.

We also know that this subset of so-called “small businesses” is largely misunderstood. Why? It’s largely because micro-businesses are more often than not lumped into the all-encompassing Small Business category, which is actually huge and very diverse, including businesses with as many as 1,500 employees and profits well into the millions, depending on the industry.

Moreover, there’s a very real misconception that businesses with only one or a few employees are part-time ventures and that their owners only run them halfheartedly out of the garage. These businesses are really nothing more than a hobby in the minds of many.

According to a new scientific opinion poll of 470 micro-business owners, nothing could be further from the truth. Conducted by Greenberg Quinlan Rosner Research for the Association for Enterprise Opportunity, the National Association for the Self-Employed and Small Business Majority, the survey clearly shows the tremendous impact that these smallest of the small businesses in our country have on the overall economy, and all for the better.

For starters, more than half of the micro-business owners who provided feedback reported increased sales or revenues over the last two years, and another 50% said they plan to hire in the next two. Nearly three-quarters said their micro-business is their sole source of income, and a full 57% have been in business for ten years or longer.

Despite the fact that the overall economic recovery has been slow, half of those surveyed said their business is doing well, with only 10% saying otherwise. And more than half of them reported employing a contractor or 1099 employee in the past year, while nearly a third hired a full-time employee. Furthermore, more than six in ten spent $50,000 on payroll this year alone, and 54% spend more than $10,000 a year on non-payroll expenses.

And while they acknowledge that gaining access to credit remains a serious challenge, most micro-business owners say they are optimistic about the future. In fact, nearly 70% of those surveyed believe their business will fare well over the next couple of years. Zooming in on respondents under the age of 40 in particular, that number rises to more than 80%.

Part-time garage-bound hobbyists who only tinker? Not so much… Small in stature, but with a whole lot to contribute now and well into the future is more like it. And we could use a whole lot more just like them to be sure.

If you're an aspiring micro-business owner, BusinessOpportunity.com is a great place to find the business opportunity, distributorship, licensee opportunity or franchise that's right for you.  And, if you'd like to learn more about the survey's findings, simply click here on Current Micro-Business Poll Results now!

 

Related Blog Posts
15 Sep 16 Posted by: Kevin James Culp
in In The News

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

14 Sep 16 Posted by: Joseph Petrashek
in In The News

Virtual Reality (VR) is a buzzword that has been a focal point in many industry events and news articles in 2016. It has been hailed as the most revolutionary innovation after the Internet.

Virtual Reality - Whenever VR is mentioned, the notion of video games flushes in many peoples’ minds....
29 Jun 15 Posted by: admin
in In The News

CruiseOne® Participates in #GiveThem20 Challenge to Raise Awareness for Military Veteran Employment

Home-based travel...

27 Apr 15 Posted by: Kevin James Culp
in In The News
Even in the age of the Internet, the telephone remains one of your most important business communications tools. Fortunately, there are many options available in the telecommunications market. Finding affordable and feature-rich phone service for your business is simple – if you know where to look. Start...
16 Apr 15 Posted by: Kevin James Culp
in In The News
Get Your Digital Feed On - Business Opportunity Magazine Is A Success! Chicago, IL — The latest issue of our digital magazine titled Business Opportunity will educate, inform and moreover be a conduit between shoppers and buyers of opportunities in a visual...
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight

If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?

Premium Sponsor