ARE YOU A MICRO?
If you're a business, startup, nonprofit, coop of less than ten, or only one—you're a MICRO
OWN A SHARE OF YOUR FUTURE
by Jackie Menne, Co-founder and Secretary/Communications Director of Micro Advocates Cooperative.
If you share the same frustrations as 27 million of your micro neighbors across the United States, including almost half a million here in Minnesota—become a Micro Advocate. Be an owner and voting member in the only coop of it's kind.
DID YOU KNOW
- The US Labor force is currently comprised of 50% independent workers.
- Most independent workers are microbusinesses owners.
- Microbusiness (1-9) represents 96% of all firms.
- Small business (50-500) represent almost 4%.
- Big business (500+) represent less than 1%.
DID YOU KNOW
- Most micro owners are an individual with no employees— 92%.
- Microbusiness generates almost $1 trillion in economic activity per year.
- Micro owners do business in their local community— 74%.
- Microbusiness spans many generations.
• 20% Millennials
• 36% Gen X
• 33% Boomers
• 11% Matures
MICRO ADVOCATES BELIEVE
- that although microbusinesses are too small to be counted as part of Small Business the numbers are too large to go unrepresented as a separate and unique business sector.
- that microbusinesses having less than two employees shouldn't be considered individuals and pay the highest premiums for health insurance when microbusiness owners have the least use of healthcare as they “can’t afford to be sick”.
- that microbusiness owners should be able to secure bank financing or government backed loans without collateral. We know that we do not qualify for small business programs. Most of us use credit cards with high APR’s for financing and cash flow.
Sources: US Dept Labor | US Census Bureau
- that Private, Nonprofit and Government mentoring programs are designed for small business and not for the unique needs of microbusiness owners who must take on many business roles from accounting to marketing and sales.