Are you a Micro Business?
You could be both.
Small businesses are defined as having more than five employees but can have as many as 500 employees and requiring capital to start.
In contrast, micro businesses are a subset of small businesses with the following characteristics:
- only one owner, with a total of up to five employees including the owner.
- required less than $50,000 to start.
- may not have access to traditional commercial loans.
Furthermore, Micro businesses represent between 92% and 95% of all U.S. businesses. Micro businesses are estimated to create over 26 million jobs. Micro businesses may be a sole proprietor, a free-lancer, a small farmer, women, minorities, the disabled, seniors. Micro businesses have a profound impact on the U.S. economy
AwareNewJersey is a micro business; a struggling micro business. We assume that many of the businesses in our directory are the same and we are interested in those businesses as potential partners and colleagues. We are looking into finance for micro businesses, for ourselves and for you. We hope you’ll join us with a membership so we can work together.
The following are links to articles on micro businesses that you may find interesting: