Business People Club

How To Grow Your Micro-Business?

0 like 0 dislike
264 views
by ShowDolphin
How To Grow Your Micro-Business?

Your comment

Your name to display :
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by SilkPredator
If you want to grow your micro-business (defined as a business with fewer than five employees), you might consider some of the findings of a survey by Statistics Canada.

1. The Findings

According to "Growth Determinants of Micro-Businesses in Canada" (Evangelia Papadaki and Bassima Chami, Small Business Policy Branch, Industry Canada), the survey by Statistics Canada revealed the following:

Micro-businesses get much of their advice from family, friends, customers and suppliers. Accountants are more commonly consulted for business advice than lawyers and bankers.

Completion of high school was cited as a factor for growth in the micro-business. Perhaps surprisingly, college or university education was discounted as a factor for success.

Age or sex of business owners did not affect business growth. Nor was being an immigrant a significant factor.

For growth, being willing to delegate, assume risk, and share ownership all seemed to be factors for success.

Expansion of the local market was more important for growth than the export market for the micro-business.

Growth micro-businesses innovate and engage in e-commerce activities.

2. The Opportunities

This is encouraging news for entrepreneurs. You don`t necessarily need a lot of money for professional advisors to grow your micro-business. Higher education is not a prerequisite for success. Age, sex or country of origin are not relevant factors for growing your micro-business.

If growth of your micro-business is your goal, you can`t do everything yourself. You must be willing to delegate (or perhaps even share ownership of your business with others). Innovation, a willingness to take risks, and use of the Internet are also important to your growth.

Are you willing to delegate, take risks, and partner with others? Are you innovative? Do you employ e-commerce in your business? Are you using the Internet to expand your local business?

If you can answer these questions affirmatively, then your micro-business is poised for growth.

Related posts

0 like 0 dislike
0 comments 1,057 views
Plant a Seed and Watch Your Business Grow

Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing is an ongoing item on my agenda, and I'm always looking for new ways to market my services. Where do you begin the process of attracting more business? How do you ... just may find new business knocking on your door instead of the other way around. Spring into action...and watch your business grow by leaps and bounds!

by nicejone
0 like 0 dislike
0 comments 1,054 views
Can a factoring company help you grow your business?

Sooner or later, every business will need financing to grow. Most owners will try to qualify for venture capital or angel financing. Others will try to get a business loan or line of credit, since business loans are popular with business owners. All these business financing tools work well ... days or because you have a large purchase order from your biggest client, a factoring company will be able to offer alternatives to traditional financing.

image
by VirtualAssassin
0 like 0 dislike
1 Comment 289 views
Can a factoring company help you grow your business?

Can a factoring company help you grow your business?

by TwinNut
0 like 0 dislike
1 Comment 795 views
0 like 0 dislike
1 Comment 320 views
How to automate your business with autoresponders?

How to automate your business with autoresponders?

by PlushSeal
0 like 0 dislike
1 Comment 283 views
How to manage your business systems?

How to manage your business systems?

by HuggingDuck
0 like 0 dislike
1 Comment 1,486 views
0 like 0 dislike
1 Comment 274 views
How to Expand your Business by Leaps and Bounds?

How to Expand your Business by Leaps and Bounds?

by HuggingDuck
0 like 0 dislike
1 Comment 272 views
0 like 0 dislike
1 Comment 263 views
How Factoring Companies Can Help Your Business Succeed?

How Factoring Companies Can Help Your Business Succeed?

by Celestiger
0 like 0 dislike
1 Comment 272 views
How Can A Timesheet System Help Your Business?

How Can A Timesheet System Help Your Business?

by OpinionOwl
0 like 0 dislike
0 comments 283 views
7 Ways To Advertise Your Business For Free

. Free directories: directories are perfect for customers that are searching for a particular topic. What's great about them is that you only have to post once and they are good for long periods of time. It saves a lot of your time when you don't have to resubmit your information every week or ... . Only join groups with the same interests as yours. In other words, don't sign up for a recipe swapping group when you are advertising shaving cream.

image
by ShowDolphin
0 like 0 dislike
0 comments 235 views
10 Effective Ways To Reduce Your Business Costs

1. Barter If you have a business you should be bartering goods and services with other businesses. You should try to trade for something before you buy it. Barter deals usually require little or no money. 2. Network Try networking your business with other businesses. You could trade leads or mailing ... for your business supplies and equipment. Look for suppliers with lower prices and better quality. Don't just be satisfied with a few. ----

image
by Sassassin
0 like 0 dislike
0 comments 231 views
Five Steps to Create a Budget for your Small Business

How I hate budgets! Every time an accountant told me to put together a budget for my company, my response was - When I get the time I will! I just never seem to get the time. For several years when I first started my company I never paid attention to a budget. ... to review your actual financial statement (Income Statement or Profit and Loss) to your projections. Have systems in place to increase revenue and decrease expenses as necessary.

by UncleRhino
0 like 0 dislike
0 comments 1,134 views
Ways to expand your business

Email marketing is an effective way of reaching out to your target audience. It is a cost effective and time effective tool of building strong relations with your target audience. Advantages of email marketing They are the most inexpensive way of marketing your products and services. Does not ... . They are like promotional emails. Are professional steer clear of sending spam mails. The standard parameters are followed to avoid spam mails.

by Knighthawk
0 like 0 dislike
0 comments 234 views
Business loan and how to acquire it

Business loan can cater to your each and every aspect of your business. The urgent requirement of funds for your business can be catered through a business loan. It is easy to seek a business loan now a day. All you need to do is to fill up an online application form and your application form ... other resources. Don't let funds come your way in becoming a successful entrepreneur. Seek a business loan and expand your business, the way you want.

by Cybora
0 like 0 dislike
0 comments 784 views
How to go The Extra Mile to Business Success?

You cannot fail when you give more than 100 percent. In whatever endeavour you are doing, always give more than one hundred percent. You will find that whenever you do this, your rewards will always be far greater than the extra effort you expended. Some people refer to this success ... dealing with people and influencing them to buy. However, never lose sight of your most important task right now - keeping your existing customers satisfied.

by AmazingKitty
0 like 0 dislike
1 Comment 442 views
How to Formulatie Legitimate Internet Business Enterprises?

How to Formulatie Legitimate Internet Business Enterprises?

by Dingopher
0 like 0 dislike
1 Comment 276 views
How to create a Business Strategy?

How to create a Business Strategy?

by Celestiger
0 like 0 dislike
1 Comment 1,366 views
How to look for business opportunities?

How to look for business opportunities?

by TrainedGuy
0 like 0 dislike
1 Comment 272 views
How to prepare business expense reports?

How to prepare business expense reports?

by BouncyOracle
0 like 0 dislike
1 Comment 283 views
How to choose a reliable Business Broker?

How to choose a reliable Business Broker?

by HarmlessRose
0 like 0 dislike
1 Comment 310 views
0 like 0 dislike
1 Comment 1,207 views
0 like 0 dislike
1 Comment 291 views
0 like 0 dislike
1 Comment 716 views
0 like 0 dislike
1 Comment 296 views
0 like 0 dislike
1 Comment 274 views
How to Inform Employees When You Sell a Business?

How to Inform Employees When You Sell a Business?

by Octopixy
0 like 0 dislike
1 Comment 261 views
How to Build a Customer Focused Business?

How to Build a Customer Focused Business?

by Sumogre
0 like 0 dislike
1 Comment 263 views
How to Convert leads into clients and boost your sales?

How to Convert leads into clients and boost your sales?

by LoyalChief
0 like 0 dislike
1 Comment 284 views
How Not To Expose Your Company's Secrets?

How Not To Expose Your Company's Secrets ?

by ForceSoldier
0 like 0 dislike
1 Comment 275 views
How to Choose A Name For Your Company That Makes Sense ?

How to Choose A Name For Your Company That Makes Sense ?

by SilkPredator
0 like 0 dislike
1 Comment 1,213 views
0 like 0 dislike
1 Comment 345 views
How to estimate your start up costs?

How to estimate your start up costs?

by Octopuppy
0 like 0 dislike
1 Comment 293 views
0 like 0 dislike
1 Comment 293 views
How to choose your next corporate event planner?

How to choose your next corporate event planner?

by Wallaby
0 like 0 dislike
1 Comment 249 views
How to start Your Own Clothing Company?

How to start Your Own Clothing Company?

by Richard S.
0 like 0 dislike
1 Comment 261 views
How To Welcome Your New Employees?

How To Welcome Your New Employees?

by Dingopher
0 like 0 dislike
1 Comment 263 views
0 like 0 dislike
1 Comment 276 views
0 like 0 dislike
1 Comment 264 views
0 like 0 dislike
0 comments 279 views
Key Employees can and will leave your Business, are you prepared?

Very few businesses can claim to be prepared for the loss of key employees. Quite often it is an unexpected and unplanned for event that causes quite a bit of disruption to 'business as usual'. It is quite a gut wrenching experience to see an employee you have worked with over ... following these steps for all positions in your business you will insulate yourself from some of the problems that occur when key employees leave your business.

image
by nicejone
0 like 0 dislike
0 comments 245 views
Benefits of Incorporating Your Own Business

If you have a small business or starting one in the near future, it is important to look into the benefits of incorporation. The government provides benefits to companies that incorporate their businesses with tax breaks, limits in liability and benefits for employees. Here are some tips to benefiting ... save on the considerable costs to provide it. So if you have a small business or are thinking of creating once, look into corporations.

by Octopuppy
0 like 0 dislike
0 comments 196 views
Ignite Your Massage Therapy Business

Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs ... doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying!

by LovableStorm
0 like 0 dislike
0 comments 1,485 views
Facing Your Daily Stresses And Anxieties In The Business World

Everybody deals with anxieties and stresses in the business world. As a result, here is a list of techniques that a person can use to help manage their daily stresses and anxieties at their job and/or in the business world. Sometimes, we get stressed when everything happens all at once. When this ... The more control you have over your stresses and anxieties, the better off you will be in the long run at your job and other business endeavors.

image
by Oystrich
Connect with us:
...