microbusinesses

Microbusinesses are small-scale enterprises operated by a few individuals, often owned and managed by the same person or a small team. Typically, they have fewer than 10 employees and generate limited revenue compared to larger companies. Examples include local shops, freelance services, or small online stores. Microbusinesses play a vital role in local economies, providing employment and unique services or products. They often operate with lower overhead costs and more flexibility, allowing entrepreneurs to pursue niche markets or test new ideas. Despite their size, microbusinesses can be highly innovative and essential to community development.