Why Micro Businesses Prosper
Micro businesses prosper because the business has less overheads than big businesses. Micro business owners are more aware of money because every penny has to count due to the fact that they do not have a lot of money to start with.
When other businesses spend money the micro business makes do with what is available and leave the posh office and posh car for later when the micro business has grown enough to afford expensive items. It is simply wonderful how creative entrepreneurs can get when faced with limited funds.
A clear business strategy backed up by a written business plan that is implemented and followed makes businesses successful. Micro businesses that have a vision for their business prosper.
Because the micro business is usually run by one person he or she does not have to worry about the family complaining that they do not get any attention. Once the money starts coming in, no one will complain! Of course it costs guts to start and run your own business, but if you get it right you will never look back again.
The secret is to start very small and grow with time. If you start small and you make a mistake it can be rectified immediately and you do not lose a lot of money. If you start big and you make a mistake it can cost you. If you start big you have to pay salaries whilst you are still growing your business. Remember, a micro business is a very small business that is easy to handle.
Doing things differently is favourable for your micro business. For example, learning how to make one or two products at a time and learning how to manufacture those two products well. This means you only spend money on the specific products that you know sells well.
Remember: Good Quality Soaps and detergents are always in demand. You should never water down your products as people will only buy from you once and never again. Value for Money is always expected.