What is a Microenterprise?

A microenterprise or micro business is a business run by the owner that has less than five employees. Many microenterprises have limited start up expenses and there are many resources available to help. There are many kinds of microenterprises; some are run from inside the home and others have rented space. Microenterprises are successful in cities, small towns and in rural areas. Some businesses are started by laid off workers, and some provide chances for people who don’t make much money to become more independent. Some businesses are part-time, while others are full-time. Microenterprise is the largest and fastest growing of all new businesses.

What is the difference between self employment and microenterprise?

Self Employment - status of the business owner
Microenterprise - the business itself which is very small

In other words, the owner is self employed and owns a microenterprise.

Most microenterprises benefit from:

Specific information about idea development, business planning and bookkeeping.
Small amounts of credit.
Networking opportunities and marketing ideas.

Until recently, micro business owners had a hard time finding help specific to their needs. Many organizations are now realizing the importance of microenterprise and are interested in supporting these businesses.

This website identifies Anchorage businesses and organizations, which support the development and success of microenterprise. In addition, the internet provides a wealth of information about business; useful websites are linked throughout this website.

BEST WISHES TO YOU AND YOUR MICROENTERPRISE!