There are different opinions about the definition microbusinesses, but most people agree that it is simply a business run by an individual or a very small group of people.
Our definition? A business with 1-10 employees.
While the term ‘small business’ can also be applied to what we’re calling a microbusiness, a small business can have anywhere from 1 to 500 employees, encompassing a much wider variety of organizations than we’ll be discussing.
It’s cheaper than ever to fail, so get started!
