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Revision as of 00:18, 14 August 2008 editJasoneke (talk | contribs)1 edit →References: added the term micromagnate, a relatively new term that describes a microbusiness owner.← Previous edit Latest revision as of 18:19, 5 January 2024 edit undoSahaib (talk | contribs)Extended confirmed users, New page reviewers149,438 editsNo edit summary 
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A '''microbusiness''' is a small business or enterprise with less than 5 employees and little access to commercial banking. Many microbusinesses are side-businesses run from the house or via the internet. Starting a microbusiness is often a possibility for many people, due to low start-up costs, however profits generated from many microbusinesses vary immensely.


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Microbusinesses often employ inexpensive ] techniques to promote their products, services, and ] within a specific ] of the market.
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==References==
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{{A microbusiness is a small business or enterprise with less than 5 employees and little access to commercial banking. Many microbusinesses are side-businesses run from the house or via the internet. Starting a microbusiness is often a possibility for many people, due to low start-up costs, however profits generated from many microbusinesses vary immensely. Although a microbusiness is small in organizational structure, there is no direct relation to revenue, meaning the amount a microbusiness earns does not move them into a different category of business, such as small business or medium sized business.

Microbusinesses often employ inexpensive micromarketing techniques to promote their products, services, and microbrands within a specific microsegment of the market. The owner of a microbusiness can be referred to as a micromagnate under certain criteria, similar to that of a magnate. A micromagnate is a person who engages in continuous improvement processes, especially in developing their core competency in business. They are experts in their field.}}

Latest revision as of 18:19, 5 January 2024

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