50 Examples of Micro Ventures

A micro-entrepreneurship It is a small-scale business that provides a specific good or service. This type of business is carried out by one or a few people and is characterized by requiring a low initial investment and having a smaller production scale than that of a company.

In a micro-enterprise, human capital is the fundamental asset. People with a certain knowledge or skill produce a craft good or provide a service, for example: production of homemade jam, hairdressing service at home.

They are usually single-person or family businesses that have few or no employees in a wide variety of areas such as technology, health and beauty, mechanics, gastronomy, decoration, cleaning, design.

Characteristics of a microenterprise

  • It involves time to invest in the project, since the owner of the business idea is generally the one who executes it.
  • The entrepreneur or partners combine their skills and knowledge to set up the project.
  • The management of the business is carried out by the entrepreneur (s). This implies a high degree of self-management and assuming responsibilities throughout the production process.
  • It is necessary to have a planning with objectives and goals to be achieved.
  • It has a low operating cost.
  • It involves lower economic risks than a company, since the initial capital investment is lower.
  • Income can be fluctuating. In some cases, they are only enough to maintain the production process, in others they also generate income for the entrepreneur.
  • It usually works as a subsistence and self-employment activity.
  • They are businesses that usually generate a close relationship with customers and consumers.

Difference between micro-entrepreneurship and entrepreneurship

A micro-enterprise differs from an enterprise by: the business idea, that is, the projection it has regarding the scope of the project; and the initial investment that is available to start, which in the case of ventures is usually higher.

A micro-enterprise can become an enterprise when it is decided to increase investment to increase production, which will lead to hiring a greater number of labor to delegate tasks.

Examples of microenterprises

  1. Production of wedding cakes
  2. Photography and video for social events
  3. Physical training at home
  4. Manicure and pedicure at home
  5. Manufacture of puddings and poinsettias
  6. Manufacture of scented candles
  7. Translation service
  8. Soap manufacturing
  9. Incense manufacturing
  10. Pool cleaning
  11. Maintenance of gardens and balconies
  12. Food truck
  13. Fumigation and pest control service
  14. Furniture rental for events
  15. Web-page design
  16. Freight service
  17. Messenger Service
  18. Event decoration
  19. Home painting service
  20. Online language course
  21. Family restaurant or cafe
  22. Manufacture of ceramic tableware and utensils
  23. Manufacture of wooden furniture
  24. Gift
  25. Household appliance maintenance
  26. Glass cleaning
  27. Art atelier
  28. Binding of books and notebooks
  29. Animation of children’s parties
  30. Locksmith service at home
  31. Craft beer production
  32. Picture framing
  33. Mobile app design
  34. Manufacture of woven blankets
  35. Dog walking service
  36. Jewelry design and manufacture
  37. Food service
  38. Accounting service
  39. Party Dresses Design
  40. Sale of fruits and vegetables
  41. Laundry and dry cleaning at home
  42. School support
  43. Itinerant kindergarten
  44. Artisan bakery
  45. Design and development of board games
  46. Making uniforms
  47. Design and production of cushions
  48. Communication consulting
  49. Email marketing or mass mail service
  50. Sale and installation of alarms for the home and car