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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Saturday, July 03, 2004 | |
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Micro-Businesses on the Rise | |
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David St. Lawrence at Ripples writes about the growing importance of micro-businesses. He has an entire series of posts on micro-businesses that you really should check out.
Micro-businesses are a segment of the small business market. St. Lawrence defines them as businesses that do less than US$1 Million in sales per year. Many of them are home-based businesses. According to St. Lawrence, more people are starting micro-businesses for the excitement and challenge. They want to be their own bosses and are seeking refuge from the frustrations of the Corporate world. He says the numbers of micro-businesses will continue to grow: "...I believe that micro-businesses will continue to grow in number and importance because being self-employed allows people to balance work and family in a way that is usually impossible as a salaried employee with a full-time job. I agree with David's comment, and I also think there are a number of interrelated factors driving the growth in very small businesses. One such factor in the United States is demographics: the aging Baby Boom population. A significant portion of the population now has the experience, business knowledge, confidence, and financial reserves to opt out of the Corporate world and start their own businesses. |
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