What is Micro Business with an Example in India
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A micro business refers to a small-scale enterprise that operates with a minimal number of employees, limited resources, and low capital investment. These businesses typically have a local focus and are often run by a single individual or a small team.
Here are a few examples of micro-businesses in India:
1. Street Food Vendor: A person who sets up a small food stall or cart on the street, selling snacks, beverages, or local delicacies.
2. Tailoring Shop: A small shop where a tailor offers stitching and alteration services for clothes.
3. Beauty Parlor: A small salon that provides basic beauty services like haircuts, facials, manicures, and pedicures.
4. Kirana Store: A neighborhood grocery store that sells essential items such as grains, spices, toiletries, and other household products.
5. Mobile Repair Shop: A small shop that specializes in repairing mobile phones, tablets, and other electronic gadgets.
6. Tiffin Service: A home-based business that prepares and delivers home-cooked meals to customers, typically office-goers and students.
7. Handicraft Seller: An individual who creates and sells handmade crafts, such as pottery, paintings, textiles, jewelry, or woodwork.
8. Small-scale Farmer: A farmer who cultivates a small plot of land to grow crops or raise livestock for sale in local markets.
9. Travel Agency: A small travel agency that provides assistance with booking flights, hotels, and tours for customers within a specific region or city.
10. Event Planner: An individual or a small team that offers event planning and coordination services for weddings, parties, and other social gatherings.
These are just a few examples, and there are numerous other micro businesses across various sectors in India.
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