Around 25% of Australian businesses are micro-businesses. A micro-business can be characterised by having an annual turnover of less than $2 million and less than 15 employees. Often those people work less than a full span of hours and don’t draw a regular salary from the business. In many cases, micro-businesses are often owned and operated by a single self-employed individual with no supporting employees. Examples of such operations include freelance consultants, designers, writers, web developers, life coaches, and self-employed personal trainers.
A gig-based micro-business is based on pursuing and undertaking short-term and relatively small jobs. Often, the motivation is to occasionally earn some extra money, not build a thriving and expanding business. A gig-based approach to operating a micro-business can better suit the realities and limitations of working with a disability. It can also be an agile and flexible way to pursue your potential – especially for people who had to retire from regular employment because of their disability.
Strengths of establishing and operating a micro-business are:
(i) They require a minimum of setup and operational costs (we will discuss this in a separate post).
(ii) You are not trapped working in a toxic situation where you are not respected or valued.
(iii) You can set up your workspace, hours, role and jobs to suit your needs, potential and goals.
(iv) You can decide how to build your brand and portfolio of clients.