Maverick entrepreneurs have always been the backbone of the American economy. Their guts, courage and business smarts have launched thousands of businesses, many of which have spawned entire industries.
Entrepreneurs are still valued and prized. But a new type of business owner has been emerging over the last decade. Right alongside him is a new business model. The reason why it’s happening is because the business arena has changed so much over the past half century. It’s a lot harder now to launch another General Motors, IBM, General Electric or Microsoft. Given the market realities of fierce international competition and overwhelming startup costs, the odds are against new business owners from the outset.
The good news is that it’s possible to start a microbusiness. And the growing momentum of this marketplace is irrefutable proof that unlimited opportunities exist for gutsy self-starters bitten by the entrepreneurial bug. Anyone can start a microbusiness, but PMs stand a better chance of succeeding. Find out why in the paragraphs ahead.
So what’s a microbusiness? Simply, it’s a business of up to 10 employees, according to the Dallas-based National Association for the Self-Employed. The 25-year-old nonprofit organization provides its 250,000 members with a host of business services and networking opportunities,