Micro-Enterprising

Micro-Enterprise Proposal

All-Ways Care 2, Incorporated is seeking to assist individuals maximize their personal growth and independence through micro-enterprising. A micro-enterprise (or microenterprise) is a type of small business, often unregistered, having five or fewer employees. The term is often used to refer to a business with a single owner-operator, and no employees.

The concept is to allow individuals who are not economically viable to have an opportunity to contribute to the community, while also creating an income. These individuals will create a business plan, establish a location to do business, formulate a plan of action, and execute the plan. All-Ways Care 2, Incorporated will help individuals with barriers from employment to generate an income through the creation of micro-enterprises.

Micro-enterprises contribute significantly to economic growth, social stability and equity. The sector is one of the most important vehicles through which low-income people can create an income. With limited skills and education to compete for formal sector jobs, these men and women find economic opportunities in micro-enterprise as business owners and employees.

How an individual will start and maintain a successful micro-enterprise and how it will work for a person with barriers to employment.   The elements that will determine the success of this venture and the ventures each individual starts and maintains are:

Some of the things each person will need to consider when developing a good business plan are:

Each individual who displays the ability to provide a service or manufacture a product will be given the opportunity to start and execute a micro-enterprise. The factors which will determine the ability for an individual to create a successful micro-enterprise will consist of these factors:

To facilitate this All-Ways Care 2, Incorporated will provide a ‘business coach’.  The coach is responsible for asking relevant questions as to the interests and abilities of each individual.  Thereby allowing the coach to harness the person’s vision and put their ideas down on paper.  The evaluation process will reveal the strengths and weaknesses of the plan.  Upon determining the viability of the proposal, the coach will assist the individual with developing a business plan.  When the plan is established a business entity will be created.  The flexibility of the business entity will allow the individual to engage in regular business practices.  Further the coach will establish a method of accounting to determine the profitability of the business.  The coach will also assist with bookkeeping practices and payroll to keep accurate bank statements for the business.