Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
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
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More

It’s time to wrap up the year, but before we do, we’re sounding off our Top 10 Blogs of 2017! Don’t miss these must-reads for entrepreneurs, mompreneurs, small business, and home-based business owners!

It’s the last working day of 2017, so it’s a great time to take a look back and reflect at...

Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...

Female celebrities are breaking the stereotypes of Hollywood and diving into the world of business. Check out how these women are using their fame, fortune, and power to start their own companies. From media production to makeup, these Top Female Celebrity Business Owners are doing it all!

As...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
National Property Inspections
Flexible work schedule, no experience needed, and complete training and support available!
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Copying & Publishing Business Opportunities
Today creativity abounds in the printing and publishing space with more unique business solutions than ever imaginable.
 
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
20 Dec 17 Posted by: Margaret Mallonée
in In The News

Are you a busy entrepreneur trying to find the right gift for friends and family? Check out Gifts Your Friends and Family Want to pick out the right gift and be everyone’s favorite gift giver!

If you’re a busy entrepreneur, you may have realized that you have 5 days to wrap up your holiday...
18 Dec 17 Posted by: Margaret Mallonée
in In The News

Have you completed your holiday shopping? Stumped on what to get the entrepreneur in your life? Check out this Entrepreneur Gift Buying Guide and get them something they really want!

Still haven’t done your holiday shopping? It can be tough to find the right gift, particularly for the entrepreneur...
15 Dec 17 Posted by: Margaret Mallonée
in In The News

You hear a lot about Bitcoin. However, do you really know what it is? Check out Understanding Bitcoin Business Opportunities to learn about it and how you can make money in this one of a kind business opportunity.

Bitcoin has been all the buzz over the last few years. Despite its popularity,...
8 Dec 17 Posted by: Margaret Mallonée
in In The News

Always wondered what happened to your favorite athletes after they retired? Check out these Athletes Turned Successful Entrepreneurs!

It’s a great time of year for sports – basketball, football, the World Cup group draw, and more. It seems there is something for every sports lover this time...
22 Nov 17 Posted by: Margaret Mallonée
in In The News

It’s the Wednesday before Thanksgiving! Everyone is gearing up for not only the biggest feast of the year, but also some of the best deals of the year. Don’t miss out on these Cyber Monday and Black Friday Deals 2017!

Black Friday, Small Business Saturday, and Cyber Monday are fantastic times...
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor