What is a Micro Enterprise?

A micro enterprise can be briefly described as a business that is started with less than $500, has no employees and has one owner/operator. People who form micro enterprises can be described as entrepreneurs. This has become a very popular way to make money and still have flexibility with your time. A micro enterprise is a great way to do something you enjoy and get paid for it!

Thinking of a product or service that will make money may sound difficult, but actually many people start their own business just by doing what they love to do most. For example, many hobbies consist of making some kind of craft, painting, baking, drawing, scrapbooking etc... If you can create something that someone else would be interested in and sell it for more than it costs to create it, you've got a business!

 

 

Need some help getting on the right track? Click here for some bright ideas! 

 

 

 

 

 

Take a moment to ask yourself some simple questions. This will help you decide whether starting a micro enterprise is right for you and help you to start thinking of your business concept.

  • Do you have an interest, skill or idea that could be turned into a business?
  • Is the quality of the interest, skill, or idea saleable?
  • If selling a product, can you produce enough of the product to sell?
  • What is the product?
  • How much would you have to sell to pay for all your materials?
  • How much time do you want to devote to your micro enterprise?

 

How can we help?

Your fiscal intermediary is someone who can help you set up your micro enterprise and offer you direction and advice in doing so. We will help you register, calculate, and prepare any taxes or liabilities associated with self employment. Most importantly we can help you step by step with any questions you may come across while starting your own business.

If this sounds like something you are interested in please contact our office for more information, including; sample business plans, marketing plans and outlines, funding options, and success stories.

Please do not hesitate to ask questions as we are here to help you!

 

 

Check out the classified section of this website to view real microenterprises of individuals around Michigan!