Definitions for micro-enterprise
mi·cro-en·ter·prise

WikipediaRate this definition:0.0 / 0 votes

1. Micro-enterprise

   A micro-enterprise (or microenterprise) is generally defined as a small business employing nine people or fewer, and having a balance sheet or turnover less than a certain amount (e.g. €2 million or PhP 3 million). The terms microenterprise and microbusiness have the same meaning, though traditionally when referring to a small business financed by microcredit the term microenterprise is often used. Similarly, when referring to a small, usually legal business that is not financed by microcredit, the term microbusiness (or micro-business) is often used. Internationally, most microenterprises are family businesses employing one or two persons. Most microenterprise owners are primarily interested in earning a living to support themselves and their families. They only grow the business when something in their lives changes and they need to generate a larger income. According to information found on the Census.gov website, microenterprises make up 95% of the 28 million US companies tracked by the census.

WikidataRate this definition:5.0 / 1 vote

1. Micro-enterprise

   A micro-enterprise is a type of small business, often registered, having five or fewer employees and requiring seed capital of not more than $35,000. The term is often used in Australia to refer to a business with a single owner-operator, and having up to 20 employees. The European Union EU defines micro-enterprises as those that meet 2 of the following 3 criteria and have not failed to do so for at least 10 years: fewer than 10 employees balance sheet total below EUR 2 million turnover below EUR 2 million . The term microenterprise connotes different entities and sectors depending on the country. Generally speaking, in developed countries, microenterprises make up the smallest end of the small business sector, whereas in developing countries, microenterprises constitute the vast majority of the small business sector—a result of the relative lack of formal sector jobs available for the poor. These microentrepreneurs operate microenterprises not by choice, but out of necessity. Microenterprises add value to a country's economy by creating jobs, enhancing income, strengthening purchasing power, lowering costs and adding business convenience.

How to pronounce micro-enterprise?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say micro-enterprise in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of micro-enterprise in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of micro-enterprise in Pythagorean Numerology is: 7

Examples of micro-enterprise in a Sentence

1. Kay Kuehne:

   We believe that Cuba could become one of Airbnb's biggest markets in Latin America, we are actually plugging into an existing culture of micro-enterprise in Cuba. The hosts in Cuba have been doing for decades what we just started doing seven years ago.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Micro-Enterprise
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=micro-enterprise