The microenterprise It is a small company where the maximum number of workers does not exceed 10 employees, in some countries to enter this classification, assets must not exceed more than 500 minimum monthly wages, these are generally managed by their own owners and in some cases the workers are part of the family nucleus and it is they who with effort help the growth of the company.
It is not called like this only because of its size but also because of the little capital investment it requires, in addition to the fact that by themselves they do not influence the market (they sell a small amount of their product), this does not mean that it is a low profitability business on the contrary, they are companies that can grow over time, until they become large corporations. In general, these are the result of people with a desire to improve themselves, who want to start their own businesses with their own ideas and who in the beginning must be the ones in charge of making their business grow and develop successfully.
Among the resources that entrepreneurs use to start developing their micro-businesses are: bank and government loans created especially to support these people, there are also social aid institutions whose objective is to support young entrepreneurs. Despite the existence of these organizations, the opportunities to finance these projects are very fewThis may be affected because the project does not generate short-term profits, which is not convenient for banking institutions and in the event that the loans are granted, they will not be large enough to expand the business on a large scale., which condemns them to be limited to small markets.
On the other hand, a great advantage that this type of company has is its flexibility when making decisions regarding the objective that is wanted as a company, this will also depend on the needs that the market requires, unlike other companies a lot larger ones that already have a well-defined course and which find it more difficult to adapt to market demands.
Despite its size, microenterprises are of the utmost importance to a country's economy, since it provides employment to unemployed people from less favored sectors. These micro-businesses can grow into large businesses over time.
