What is a micro business?

A micro business is a business that is much smaller than a "small business". There needs to be more ways of describing a business than a big business and small business. A small business can be a local flower shop that gets started with $20,000. That's still a lot of money.

What about getting a spot at a swap meet (flea market) selling your own custom designed tshirts? Or how about getting a domain name and writing about video games and putting up advertising links to sell those video games from Amazon.com for example.

These are smaller than your typical definition of a "small business". So that's why I'm calling these: Micro Businesses. So what exactly is a micro business? Here are a few characteristics..

1. Low starting funds (Under $5,000)

2. Very high Return On Investment (ROI)
3. No employees, self employed.