WHAT IS A MICROBUSINESS?
Official Definition – Advocate groups typically define microbusiness as an organization with less than five employees, small enough to require little capital ($35,000 or less) to get started. Government and others say less than ten.
Unofficial Definition – Microbusiness owners refer to themselves as solopreneurs, independent professionals, consultants, craftsmen, artists, musicians, freelancers, agents, and self-employed. The majority of these companies are one-person enterprises, operate out of their homes and often have part-time help from a family member or friends.
Small Business is small, actually tiny—just 4%.
Micros on the other hand are huge, actually gigantic—95.8%.
100% | 28,175,504
95.8% | 27,002,131
92.3% | 26,023,138