{"id":1273,"date":"2004-06-07T22:09:25","date_gmt":"2004-06-08T02:09:25","guid":{"rendered":"http:\/\/example.org\/microbusinesses"},"modified":"2004-06-07T22:09:25","modified_gmt":"2004-06-08T02:09:25","slug":"microbusinesses","status":"publish","type":"post","link":"http:\/\/makingripples.com\/?p=1273","title":{"rendered":"Micro-Businesses – Why are they still under the radar?"},"content":{"rendered":"

We hear about small businesses being critical to the health of our economy<\/a>, but it seems that the real action may well be taking place in the Micro-Business sector.  Since I am right up to my eyeballs in at least one micro-business, I am going to devote a few posts to this interesting phenomena.<\/p>\n

A micro-business is one which does less than $1 million in business per year. The majority of these business are home-based businesses (HBBs)and they make up an unknown percentage of the small businesses that are tracked by the Small Business Administration. <\/p>\n

I have not been able to find recent micro-business figures for the entire US yet, but in the pre-internet days of 1992, home-based business contributed $314 Billion dollars<\/a>, or 11 percent to the economy. <\/p>\n

With today’s internet tools and online payment systems like PayPal, a micro-business can do business as easily as any large corporation. I wonder if the micro-business sector might not be contributing as much as 18% of the economy this year?\n<\/p>\n

\nFor more recent reports you can see how important the micro-business sector is in Arizona<\/a>, Texas<\/a>, and Australia<\/a> and more in Australia<\/a>.<\/p>\n

One of the most interesting indicators was this article about American Express making inroads in the micro-business market<\/a>. If there is enough of a market to interest AMEX, the micro-business sector should be hitting the radar soon.<\/p>\n

This could provide some satisfaction to some of my blogging friends who already operate micro-businesses. On the other hand, running a micro-business is much like blogging. You do it because it’s important to you or you feel compelled to do it. It’s not something you feel like bragging about.<\/p>\n

Next post – What is driving the growth of these micro-businesses? The reasons are fascinating.<\/p>\n","protected":false},"excerpt":{"rendered":"

We hear about small businesses being critical to the health of our economy<\/a>, but it seems that the real action may well be taking place in the Micro-Business sector.  Since I am right up to my eyeballs in at least one micro-business, I am going to devote a few posts to this interesting phenomena.<\/p>\n

A micro-business is one which does less than $1 million in business per year. The majority of these business are home-based businesses (HBBs)and they make up an unknown percentage of the small businesses that are tracked by the Small Business Administration. <\/p>\n

I have not been able to find recent micro-business figures for the entire US yet, but in the pre-internet days of 1992, home-based business contributed $314 Billion dollars<\/a>, or 11 percent to the economy. <\/p>\n

With today’s internet tools and online payment systems like PayPal, a micro-business can do business as easily as any large corporation. I wonder if the micro-business sector might not be contributing as much as 18% of the economy this year?\n<\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false},"categories":[1797,1792],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3R4iK-kx","_links":{"self":[{"href":"http:\/\/makingripples.com\/index.php?rest_route=\/wp\/v2\/posts\/1273"}],"collection":[{"href":"http:\/\/makingripples.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/makingripples.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/makingripples.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/makingripples.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1273"}],"version-history":[{"count":0,"href":"http:\/\/makingripples.com\/index.php?rest_route=\/wp\/v2\/posts\/1273\/revisions"}],"wp:attachment":[{"href":"http:\/\/makingripples.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/makingripples.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1273"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/makingripples.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}