Micro Business Ireland
Turbulence in the domestic and international marketplace is causing a lot of problems in all businesses sectors.
There are reports every day informing us that the number of start up business is falling in
Europe and the USA. Pressure is fallen on the various governments to try and do something about the situation.
A recent report indicated there was a 18 per cent fall in the number of new companies formed in Ireland in the first half of this year, raising concerns that the economic slowdown is deterring entrepreneurs. There have been calls for the government to increase support to new business in the budget next month in Ireland.
Entrepreneurs come in many forms. Not all take the standard business start up trail. In fact more and more do not. Many now develop their business idea and often get the embryo businesses established before going the traditional routes of banks, registering for VAT. tax etc.
This is very much the case in the micro business sector. Often the businesses develop out of a life style choice, deep interest in a particular subject or a part time micro business venture. Because there is not a big financing requirement or capital need these new business ventures are financed by the owners. What better way to start and trial a business idea with out debt. Organic growth from day one is a big plus into days business climate. Who knows that could be the biggest reason why business in the sector will survive into the future because they are set up from the start as sustainable. The micro business owners often double jobs until they are confident that the business is viable for them. In some cases they are happy that the business will never be the primary income source but it will contribute to the family income.
However if the small business temperature continues to be taken by the number of start ups following the more traditional routes into business we may one day be in a position that reality and statistics are at odds.
Obviously the climate is not good for business that has a big overhead burden and needs buoyant order books, shops full of buyers or containers on the high seas to maintain the overhead structure. But the micro business sector do not have big overheads. The sector operates a sustainable model of business. It does not push the front end out to far. In times of plenty when business is easy I am sure the criticism would be that the sector does not capitalise on its business potential. The flip side however is that when times are not so good the sector wins hands down.
Micro business could be the more robust business model to go forward into these new economic conditions. Whilst it is not a quick fix for the rising unemployment and other grief going on in the commercial world at the moment, it is achievable for any of us that is motivated to give it a try. Running your own sustainable tiny business that at the very least makes a contribution to the family income is tempting to a lot of people at the moment.
The Small Business Partnership based in Ireland have recorded a large increase in the number of enquiries regarding the how, what, when and why of micro business in Ireland and the UK. Their 'ready to go' micro businesses are receiving interest. So I guess it proves one thing inattentive and ingenuity abounds when times change in the business world.
Small and Micro Business development specialist working in Ireland and the UK. Offers for sale a unique collection of micro businesses created by The Small Business Partnership.
Article Source: ArticlesBase.com - Micro Business Ireland