Micro-Enterprise

A micro-enterprise is a small-scale business typically operated by a single person or a few individuals, with limited employees and minimal resources. These businesses often serve local markets, offering goods or services such as crafts, food, or small retail operations. They play a vital role in local economies by providing employment, fostering entrepreneurship, and supporting community development. Micro-enterprises usually require lower startup costs and can adapt quickly to market changes, making them accessible for many entrepreneurs seeking to start a business without large investments.