MICROBUSINESS

There's been a shift in the definition of small business away from truly small businesses to large small businesses. A business in the environmental consulting services has up to $15 million in annual receipts and still be considered a small business. A microbusiness often earns less than 10 percent of the SBA's definition of a small business in their field... Microbusinesses are typically closely held "Ma and Pa" operations with approximately a dozen employees and less than 2 million in annual receipts. This is entirely different than a "small business," and therefore demands a different business philosophy, personnel and financial management approaches... There are small businesses, and then there are truly small businesses. This is the definitive guide to starting and running a truly small business, an invaluable resource for microbusiness owners.