{"id":162,"date":"2010-02-16T10:01:24","date_gmt":"2010-02-16T15:01:24","guid":{"rendered":"https:\/\/popeconsultinginc.com\/?p=162"},"modified":"2017-04-18T02:54:33","modified_gmt":"2017-04-18T02:54:33","slug":"how-to-grow-your-micro-business","status":"publish","type":"post","link":"https:\/\/popeconsultinginc.com\/how-to-grow-your-micro-business\/","title":{"rendered":"How To Grow Your Micro-Business"},"content":{"rendered":"<p><CENTER><IMG SRC=\"https:\/\/popeconsultinginc.com\/jsp.gif\" WIDTH=100 HEIGHT=126 ALT=\"J. Stephen Pope\"><\/p>\n<p><b>by J. Stephen Pope<\/b><\/p>\n<p><\/CENTER><\/p>\n<p>If you want to grow your micro-business (defined as a business with fewer than five employees), you might consider some of the findings of a survey by Statistics Canada.<!--more--><\/p>\n<p><b>1. The Findings<\/b> <\/p>\n<p>According to &#8220;Growth Determinants of Micro-Businesses in Canada&#8221; (Evangelia Papadaki and Bassima Chami, Small Business Policy Branch, Industry Canada), the survey by Statistics Canada revealed the following: <\/p>\n<p><UL><LI>Micro-businesses get much of their advice from family, friends, customers and suppliers.  Accountants are more commonly consulted for business advice than lawyers and bankers.<\/LI><br \/>\n<LI>Completion of high school was cited as a factor for growth in the micro-business. Perhaps surprisingly, college or university education was discounted as a factor for success.<\/LI><br \/>\n<LI>Age or sex of business owners did not affect business growth. Nor was being an immigrant a significant factor.<\/LI><br \/>\n<LI>For growth, being willing to delegate, assume risk, and share ownership all seemed to be factors for success.<\/LI><br \/>\n<LI>Expansion of the local market was more important for growth than the export market for the micro-business.<\/LI><br \/>\n<LI>Growth micro-businesses innovate and engage in e-commerce activities.<\/LI><\/UL> <\/p>\n<p><b>2. The Opportunities<\/b> <\/p>\n<p>This is encouraging news for entrepreneurs. You don&#8217;t necessarily need a lot of money for professional advisors to grow your micro-business. Higher education is not a prerequisite for success. Age, sex or country of origin are not relevant factors for growing your micro-business.<\/p>\n<p>If growth of your micro-business is your goal, you can&#8217;t do everything yourself. You must be willing to delegate (or perhaps even share ownership of your business with others). Innovation, a willingness to take risks, and use of the Internet are also important to your growth.<\/p>\n<p>Are you willing to delegate, take risks, and partner with others? Are you innovative? Do you employ e-commerce in your business? Are you using the Internet to expand your local business?<\/p>\n<p>If you can answer these questions affirmatively, then your micro-business is poised for growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by J. Stephen Pope If you want to grow your micro-business (defined as a business with fewer than five employees), you might consider some of the findings of a survey by Statistics Canada.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[27,87],"_links":{"self":[{"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/posts\/162"}],"collection":[{"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/comments?post=162"}],"version-history":[{"count":0,"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/posts\/162\/revisions"}],"wp:attachment":[{"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/media?parent=162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/categories?post=162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/popeconsultinginc.com\/wp-json\/wp\/v2\/tags?post=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}