Is a Microenterprise for me?

Published by: David on Friday, 27 October
  • FAQs
  • Microenterprises
  • Self-employment
  • Opportunities to Work For Yourself With NDIS Support

    Microenterprises can maximise niche opportunities that most businesses would ignore.

    A microenterprise can be viable at very low levels of turnover.

    It can be very specialised – maybe just making one product well.

    It can appeal to customers looking for small quantities.

    What’s so good about self-employment?

    Firstly and perhaps most importantly it is flexible.

    You can work whenever and wherever you want. Have medical issues, time in hospital or being unwell? – just let your customers know when your available, or not, or have stock ready for those times.

    Maybe you prefer working at night or even early morning? You work when it suits you.

    Do I need to take out a loan to start?

    No, in fact, it is not advisable to get into debt and have the pressure of payments. Small business can take a short or a long time to start making a profit, so this needs to be taken into account.

    Most microenterprises start very small, selling to neighbours, family and friends. This gives you the opportunity to get their feedback and you can develop a quality product or service.

    You may need a small amount of money to say buy stock or hire a lawnmower. Talk to family first and brainstorm alternatives to borrowing money e.g., ‘Can I borrow your ……. until I have made enough money to buy my own ………?”

    I don’t know what to do/make/sell

    Well, what do you like doing, what are you passionate about, what are your skills?  Start there.

    Brainstorm: What can I do?

    Ask for help.  Most people are willing to give you a hand, as well as some advice. If you keep your request to a small specific thing they can help you with then it will be a step forward for you.

    Valued Lives Foundation Ltd acknowledges the traditional owners of country throughout Australia, and their continuing connection to land, sea and community. We pay our respects to them and their cultures, and to elders both past and present.

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