Micro-enterprises

Content

• Characteristics of a microenterprise
• Difference between micro-entrepreneurship and entrepreneurship
• Examples of microenterprises

A micro-entrepreneurship It is a small-scale business that provides a specific good or service. This type of business is carried out by one or a few people and is characterized by requiring a low initial investment and having a smaller production scale than that of a company.

In a micro-enterprise, human capital is the fundamental asset. People with a certain knowledge or skill produce a craft good or provide a service, for example: production of homemade jam, hairdressing service at home.

They are usually single-person or family businesses that have few or no employees in very varied areas such as technology, health and beauty, mechanics, gastronomy, decoration, cleaning, design.

Characteristics of a microenterprise

• It involves time to invest in the project, since the owner of the business idea is generally the one who executes it.
• The entrepreneur or partners pool their skills and knowledge to set up the project.
• The management of the business is carried out by the entrepreneur or entrepreneurs. This implies a high degree of self-management and assuming responsibilities throughout the production process.
• It is necessary to have a planning with objectives and goals to achieve.
• It has a low operating cost.
• It involves lower economic risks than a company, since the initial capital investment is less.
• Income can be fluctuating. In some cases, they are only enough to maintain the production process, in others they also generate income for the entrepreneur.
• It usually works as a subsistence and self-employment activity.
• They are businesses that usually generate a close relationship with customers and consumers.

Difference between micro-entrepreneurship and entrepreneurship

A micro-enterprise differs from an enterprise by: the business idea, that is, the projection that it has regarding the scope of the project; and the initial investment that is available to start, which in the case of ventures is usually higher.

A micro-enterprise can become an enterprise when it is decided to increase the investment to increase production, which will lead to hiring a greater number of labor to delegate tasks.

• It can help you: Strategic objectives

Examples of microenterprises

1. Production of wedding cakes
2. Photography and video for social events
3. Physical training at home
4. Manicure and pedicure at home
5. Manufacture of puddings and Easter donuts
6. Manufacture of scented candles
7. Translation service
8. Soap manufacturing
9. Manufacture of incense
10. Pool cleaning
11. Maintenance of gardens and balconies
12. Food truck
13. Fumigation and pest control service
14. Furniture rental for events
15. Web-page design
16. Freight service
17. Messenger Service
18. Event decoration
19. Home painting service
20. Online language course
21. Family restaurant or cafe
22. Manufacture of ceramic dishes and utensils
23. Manufacture of wooden furniture
24. Gift
25. Household appliance maintenance
26. Glass cleaning
27. Art atelier
28. Binding of books and notebooks
29. Animation of children's parties
30. Locksmith service at home
31. Production of craft beer
32. Picture framing
33. Mobile app design
34. Manufacture of woven blankets
35. Dog walking service
36. Jewelry design and manufacture
37. Food service
38. Accounting service
39. Party Dresses Design
40. Sale of fruits and vegetables
41. Laundry and dry cleaning at home
42. School support
43. Itinerant kindergarten
44. Artisan bakery
45. Design and development of board games
46. Making uniforms
47. Design and production of cushions
48. Communication consulting
49. Email marketing service or mass mail
50. Sale and installation of home and car alarms

• Continue with: Small, medium and large companies