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Micro-businesses are small businesses that only have less than 10 employees and generate revenues of less than $250k per year. Some types of small businesses such as contractors, law firms, freelancers, retailers, grocery stores, restaurants, street vendors, etc.
Pros:
Micro businesses only require small capital so they can be built by those who have an entrepreneurial spirit with limited capital, are easy to manage and have flexibility in changing markets and working methods, there is a close relationship between consumers and entrepreneurs.
Cons:
In micro businesses, limited resources often make it difficult to grow quickly, so business owners must be able to allocate resources appropriately, Micro business brands will also be difficult to recognize widely.
Pros:
Micro businesses only require small capital so they can be built by those who have an entrepreneurial spirit with limited capital, are easy to manage and have flexibility in changing markets and working methods, there is a close relationship between consumers and entrepreneurs.
Cons:
In micro businesses, limited resources often make it difficult to grow quickly, so business owners must be able to allocate resources appropriately, Micro business brands will also be difficult to recognize widely.