While large enterprises may make the most headlines, it’s often the country’s smallest businesses that are providing jobs, fueling innovation and growing the economy. According to the U.S. Small Business Administration, 62 percent of all U.S. businesses are microbusinesses, or businesses with fewer than 10 employees. These businesses also account for 75.3 percent of all private-sector employers.
These small but mighty companies often face a unique set of challenges. With fewer employees and resources, owners of microbusinesses often find themselves juggling all aspects of the business, including areas where they may not have expertise or experience in managing, while often competing against larger, more established enterprises.
To shine a spotlight on these inspirational entrepreneurs, Microsoft recently recognized 10 microbusinesses that are making the biggest impact. The full list includes Philip and Melissa Niu, Parachut; Jason and Sarah Kenworthy, Pink Helmet Posse; Noah Elias, Noah Fine Art; Dr. Agnes Scoville, Scoville & Company (Pacidose); August Graube, Fort Boards; Mikaila Ulmer, Me & the Bees; Jessica Matthews, Uncharted Play; Dave Ackerman, Tobacco MotorWear; Megan and Marshall Dostal, Further; and Kalika Yap, Citrus Studios.
These companies demonstrate what is possible with an idea and the determination to bring it to fruition. Whether you’re an already-established small business or a future entrepreneur, below are some best practices cultivated from this standout group of microbusinesses:
To learn more about the 10 all-star microbusinesses, including how they got their starts, tackled common small-business challenges, and the techniques and technologies that have led to their success, download the e-book at https://info.microsoft.com/10under10eBook.html?wt.mc_id=AID608734_QSG_145084.