What Do We Mean By Mini Biz?

Define Mini Or Micro Business

When we use the term, mini biz, we are usually talking about something that is also called a micro enterprise.  The definition of a micro enterprise varies depending upon what country you live in, and also who you talk to!

In general, it describes a small business which only employers the owner, or the owner and 5 to 20 employees. Sometimes the owner may hire these people from the general population, but very often, these other employees are close family members.

Mini vs. Micro vs. Small Business

This definition for a mini business, as opposed to any small business, is not entire satisfactory to us though. It is hard to really understand which businesses should be termed “mini” or “micro”, and which should just be called small businesses. It is hard to draw a fine line, though many organizations do have formal definitions.

In general, you may find that a home business which only employs the owner and a few workers would be considered a mini business. A car dealership with a seperate building and dozens of employees may be considered a small business.  What’s in between we leave for others to decide.

Why Are Mini Business Important?

Very small businesses have gotten a lot of notice lately, both as a way for people to support themselves in a variety of situations, and as a way for people to start a business that may grow to become a traditional small or large business.

  • Home businesses that rely on the work of the owner, and possibly a few employees or contract labor, have become more and more common. Some home business owners finds that this model suits their personality, unique needs, and goals.
  • Micro business have even been proposed as a solution to employing people with certain disabilities that prevent them from prospering in a normal work environment.
  • While some people moonlight at their mini biz, others work at them full time for a full time income. Many of these businesses can be started part-time, while working at another job. They may also require little capital to start. So they provide a way to “test the waters” before jumping in with both feet!

Share This