More and more people of every age, particularly women and minorities are starting their own micro businesses because of the upward mobility and flexibility they provide. With control of your own business, you can do things on your terms according to your skills and passions.
Difference Between Hobbies & Micro Businesses
Hobby: I knit on Sundays.
Micro Business: I knit hats, mittens and scarves and sell them on my Etsy store, my personal website, and in several local stores. I also offer knitting classes.
Hobby: I like to write poetry.
Micro Business: I have written three novels, have expended $7500 in expenses and have $5000 in income. This would necessitate a Schedule C. These expenses are a write off.
You can check to see if your business meets these standards here: SBA Standards
Support Local Micro Businesses
Here are samples of several East coast micro businesses that have found success in doing what they love.
ReikiMasters, located in E. Kingston NH has only three employees, but two locations. Two employees work out of the NH location while one works out of a remote office in Kansas. The Kansas office specializes in animal Reiki. The owner, Rebecca Dow, and her two employees are certified Reiki Masters.
Rhodey SUP is Rhode Island's only fully mobile stand up paddle board rental, instruction, and guide service. SUPs are big and difficult to transport. Rhodey SUP eliminates that problem by bringing the boards wherever the clients want to paddle. Owner Darren Rome Leo has been a SUP guide for LL Bean for the past few years, and achieved an ACA level 2 instructor certification.
Ampersand Bakery is a custom in-house bakery located in New Hampshire. Owners Natalie Kenney and Tim Bemis craft small batch custom cakes, cupcakes, and other yummy baked goods. They offer gluten-free, dairy-free, and vegan options. Both work full time elsewhere, but their micro business feeds their passion and provides unique and stunning baked goods as well as additional income.