Cash Flow

Cash flow is very important to small businesses of all sizes. Not having the proper amount of cash flowing through your business each day can actually put you out of business. Some simple ways small business owners chose to deal with this ongoing situation is credit cards. Sometimes one can get maxed out and need another strategy too. If you have a big order coming and need some cash to cover purchasing inventory or supplies, then you need to be ready with sources. Don't tap out your friends and family, but instead, consider some simple options like A Plus Payday Loan and their payday loans they offer. That way you can get an advance on your pay check and your small business can survive yet another day!

Proud to be a Micro Business

Most people don’t want to admit that their business is a micro business. Micro seems tiny and it’s hard enough to admit that we are running a small business. When we tell someone we have a small business it’s humbling enough. But telling them it’s a home based business or micro business is just painful. So what’s wrong with calling it a small business? Well really nothing. It’s not a problem to be a small business, but maybe it has more to do with us and what we tell ourselves, than what we tell others.We struggle everyday to keep the bills paid, keep new customers coming in and of course with all of the regular challenges of running a solid business.

Micro business has tons of benefits
If we can get past the stereotype of a micro business, then it actually has a bunch of benefits. First of all, a micro business has less overhead and problems than a small business. Running a small business means having a couple of part time employees maybe, renting a facility and many other hassles that a micro business can avoid.

Government Definition of a micro business
There is not a clear definition distinction between a large small business with 400 employees and a small business with 1 employee.

Scott Shane, a professor of entrepreneurial studies at Case Western Reserve University, seems to agree. Writing for Businessweek.com, Shane argues the “the term ’small business’ is virtually meaningless.” And he’s right.

Scott suggests the following to redefine and classify small businesses:

If we are going to forge meaningful domestic economic policy, we need to break small businesses into different size categories. Based on what the data shows, I would propose defining businesses as non-employer businesses, micro businesses (1 to 9 employees), small businesses (10 to 24 employees), medium-sized businesses (25 to 99 employees), and large small businesses (100 to 499 employees).