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.
1. The Findings
According to "Growth Determinants of Micro-Businesses in Canada" (Evangelia Papadaki and Bassima Chami, Small Business Policy Branch, Industry Canada), the survey by Statistics Canada revealed the following:
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.
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.
Age or sex of business owners did not affect business growth. Nor was being an immigrant a significant factor.
For growth, being willing to delegate, assume risk, and share ownership all seemed to be factors for success.
Expansion of the local market was more important for growth than the export market for the micro-business.
Growth micro-businesses innovate and engage in e-commerce activities.
2. The Opportunities
This is encouraging news for entrepreneurs. You dont 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.
<br />
<br />If growth of your micro-business is your goal, you cant 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.
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?
If you can answer these questions affirmatively, then your micro-business is poised for growth.
Got a Question? Ask.
Ask the community a question about this article:
Q&A Powered by:
Latest Affiliate Programs Articles
How to Get Rich One Site at a Time!
By: BILL ACHOLA WRIGHT | 21/11/2008
This turnkey affiliate program gives you proven products, proven ads, a proven step-by-step plan, and proven everything you need to cash-in BIG with your own affiliate marketing business (while working part-time!)Plus, you get 3 free giveaway CDs, 18 pre-written email messages, 58 digital product covers, 39 attention-grabbing banner ads, 8 ready-to-go product reviews, 24 killer articles, 4 viral PDF ebooks, 8 direct mail letters, 8 custom web pages, redirection scripts and pop-up scripts.
The Latest Webmaster Tips and Tricks From Webmaster Forums
By: Gen Wright | 21/11/2008
Webmaster forums offer great opportunities to anyone who wants to learn all the latest webmaster tricks for free.
Make Money Online With Affiliate Program
By: GOVIND SINGH | 20/11/2008
That's right; eBay offers one of the most lucrative online affiliate business opportunities with millions of eBay products at your fingertips. You can create eBay affiliate niche stores in minutes and be on your way to achieve eBay affiliate success.
Affiliate Marketing: Profitable Ways to Make Money
By: GOVIND SINGH | 20/11/2008
There are hundreds or even thousands of ways to make money on the Internet, and more seem to pop up every day. One of the most profitable ways to make money is to create an informational e-book and sell it via affiliate marketing. With affiliate marketing, you enlist the help of others to promote your product for you. They send the customers to you and when a sale is made, you share the profits with your affiliates. It's a win-win situation for all involved; the seller makes more sales with an a
What is the Affiliate Marketing Concept?
By: Jacky Dsouza | 20/11/2008
The internet has changed the way many things are thought of these days; one of those being a job. Traditionally, one left their home to provide a service to someone else and expected payment for doing so, go to www.greatpromotionsite.com today, it is no longer necessary to leave home to provide a service or get paid for doing so.
Affiliate Marketing Services: Focus and Make Cash
By: Naman Jain | 20/11/2008
Making cash is not easy but some of the techniques and endeavors of making money can be easy. Affiliate marketing services can teach you how.
Affiliate Marketing: How Affiliate Marketing Works?
By: sawinder singh | 20/11/2008
That’s pretty much how affiliate marketing works. Through these online programs, you sign on with a partner that markets your product or service, often through a link or banner ad you place on their website. The affiliate then gets a commission based on sales, visits, or customers that result from those effo
Affiliate Marketing: Building Affiliate Marketing Websites the Easy Way
By: Nicholas Tan | 20/11/2008
There may be some who fortunately achieved overwhelming success in just a short span of time after setting up an affiliate program, but not a majority of them can confidently say they only had luck. Anyone who is successful in this kind of business would say he worked hard to get to where he is right now. Success in affiliate marketing takes time and hard work, but it’s worth it.
More from Stephen Pope
Top 7 Dropshipper Disadvantages
By: Stephen Pope | 22/02/2007 | Management
Don't get me wrong; I love drop shipping too! However, I would be remiss in my duty if I didn't tell you about the pitfalls as well as the advantages of being a dropshipper. Here, then, are seven disadvantages of drop shipping.
1. Merchant Account Violation: The terms of your Internet...
Income Tax Returns Your Accountant Should Not File
By: Stephen Pope | 19/07/2006 | Advice
You've been feeling uneasy (perhaps even guilty) because you've failed to report your under the table business income. Perhaps you've never filed a tax return, even though you know you owe money.
Build And Maintain Websites For Profit
By: Stephen Pope | 18/07/2006 | Communication
Even with limited knowledge and experience, you can build and maintain websites for profit. Here are just some ways you can do so. 1.
Are Your Subscribers Receiving Your Newsletter?
By: Stephen Pope | 29/06/2006 | Communication
In my e-mail one day, I received the following message: "Hello, I am a subscriber to your ezine and received the attached e-mail. Please advise if this is actually from your website. Thank you." The attachment was from my mailing list program.
Limit Your Liability To Protect Your Assets
By: Stephen Pope | 29/06/2006 | Affiliate Programs
If your business runs into serious difficulty, will it bring you down too? For example, what if one of your employees got involved in a serious car accident while working for you? Will the resulting lawsuit bankrupt you personally? Here are just a few wa
Alas! In E-commerce Taxland
By: Stephen Pope | 29/06/2006 | Communication
In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.
Top 7 Reasons To File Your Income Tax Returns On Time
By: Stephen Pope | 27/06/2006 | Advice
Here are seven reasons for not being late filing your income tax returns. 1. Avoid Late Filing Penalties Late filing can result in substantial and continuing penalties. This is in addition to any interest that is due. 2.
Drop Shipping Increases Profits
By: Stephen Pope | 27/06/2006 | Business
You would like to increase your income by selling other peoplesproducts but you just dont have the money to stock inventory.
Internet 
